Former Bitmex CEO Predicts Bitcoin to Become Official Currency of AI Systems

Former CEO of the US-based crypto exchange Bitmex and currently managing a family office called Maelstrom, Arthur Hayes, proposed that Bitcoin could be the official currency of Artificial Intelligence (AI) systems. According to Hayes, neither gold nor fiat money are as close to finding a place in AI systems as Bitcoin is. Neither Gold Nor Fiat Money: Only Choice is Bitcoin In his latest blog post, Hayes claimed that the decentralized nature of the Bitcoin network and the control network users have over their assets are compatible with potential features of future AI economies. The value of Bitcoin is tied to the cost of electricity, which, in Hayes’s words, is “the food of artificial intelligence”. Over time, this makes Bitcoin an efficient and predictable store of value for AI systems, suggesting “Bitcoin is the monetary tool closest to representing pure energy.” Furthermore, according to Hayes, Bitcoin’s provable scarcity and resistance […] The post Former Bitmex CEO Predicts Bitcoin to Become Official Currency of AI Systems appeared first on COINTURK NEWS.