In the digital age, the value of compute can't be overstated—it's the bedrock upon which our modern civilization will continue to thrive.
Interestingly, crypto and blockchain emerged as the most sophisticated incentivization & coordination mechanisms for compute. So it’s safe to assume that creating open, free markets around compute (in its different forms) is not just an opportunity. It's a revolution waiting to happen.
This is especially true as we delve deeper into areas like AI, which thrives on the availability of abundant, accessible compute power:
By effectively coordinating this resource, the opportunity is not only fueling AI development, but catalyzing a broader wave of technological unlocks for compute. This synergy, between blockchain's capacity to mobilize compute and AI's ability to harness it makes crypto x ai one of the most important investment areas in the world.
An article about my vociferous support of open source AI platforms.
Demis Hassabis, Dario Amodei, and Sam Altman (among others) have scared governments about what they claim are risks of AI-fueled catastrophes.
I know that Demis, at least, is sincere in his claims, but I think those claims are incorrect and counterproductive.
The inevitable *effect*, intentional or not, if governments believe those claims would be a regulatory capture profiting their companies.
I do think that the short-term societal dangers of proprietary AI systems that will soon mediate everyone's digital diet are considerably higher than any imagined catastrophe caused by the misuse of open source AI systems.
And I believe that the benefits of open source AI platforms in terms of progress, safety, economic development, and cultural diversity are overwhelming.
https://t.co/UQImxIaTEj
Biden's AI Executive Order is out and it’s terrible for US innovation.
Here are some of the new obligations, which only large incumbents will be able to comply with 👇
Since Ethereum already secures the lion's share of digital assets and utility tokens, it doesn't make much sense to make a L1 competitor when one could make a L2 tailored to their dApp. That ETH market dominance case as the development security layer seems just as strong as BTC's market dominance case as a digital store of value.
The stock market (store of growth) outperforms gold (store of value) most decades. The Ethereum network is poised to be THE place for decentralized growth. However, that value is spread among all the assets secured by the network. This makes growth investing in the network more complex than "just buy ETH".
Longterm, ETH becomes the store of value for all the dApps and assets it secures and competes with BTC as a store of value.
Adoption curve wise, this is still the opening inning for decentralized security. BTC's marketing simplicity gives it the edge in gaining institutional and government adoption. So, BTC may still remain the most valuable decentralized network longterm as long as it adds innovation to its smart contract layer at a rate that matches mainstream society's adoption of decentralization.
Science should be playful. DeSci can help. Let’s experiment more. The space can be a sandbox for crazy ideas that trad orgs would never try. Some will work and we’ll learn from those that fail. The opportunity is to attempt things academia and industry never could.