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Former Paypal President: Bitcoin will become the universal currency of AI! Transnational trading system completely defeats legal currency
Former Paypal President: Bitcoin will become the universal currency of AI! Transnational trading system completely defeats legal currency
This site (120BtC.coM): At the Microstrategy World 2024 event held in Las Vegas, David Marcus, the former president of Paypal and currently the CEO of Lightspark, spoke at "Bitcoin for Corporations" "In the session, the prospects of the combination of artificial intelligence (AI) and Bitcoin (BTC) were shared.
Bitcoin, the future currency of AI trade?
David Marcus believes that Bitcoin has the potential to become the main transaction currency of AI, and describes Bitcoin as "the greatest degree of neutrality." For AI systems operating in different countries or regions, this characteristic allows It has advantages over traditional fiat currencies like the Euro or the US Dollar.
Marcus emphasized at the conference that Bitcoin can eliminate the inefficiencies and friction inherent in fiat currencies. He predicts that AI agents will adopt this “digitally native” medium of exchange. He stated that Europeans would not accept the American version of an AI proxy trading medium and vice versa. So there is a need to find a currency supply that no central authority can control or manipulate, Marcus pointed out. So, what is the most neutral digitally native online currency? Definitely Bitcoin.
The same view can actually be supported by Palantir founder Joe Lonsdale and Bitmex co-founder Arthur Hayes. They also described Bitcoin as a "maximum neutral" medium, which makes it very suitable for value transactions between AIs. David Marcus said what is the value transaction medium between artificial intelligence agents? My answer is Bitcoin because it is the neutral language of value on the web.
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