Cryptocurrency analyst Tuur Demeester presented a novel point of view on the interaction between Bitcoin and artificial intelligence (AI) in a recent series of interesting posts on the social media platform largest in the world, suggested that the resource-intensive nature of Bitcoin could act as a brake on the rapid advancement of artificial intelligence technologies.
Demeester argues that key obstacles to the development of advanced general intelligence (AGI) include demand for big data, electricity and semiconductor chips.
Since resources are finite and competition for them is inevitable, Bitcoin mining, with its significant demand for chips and electricity, emerges as a natural counterweight to the growth of AI.
This vision hinges on the idea that Bitcoin mining could evolve into a considerably larger industry, thus creating a competitive landscape for these critical resources.
Demeester has proposed analyzing the expected interaction of resource demand between the cryptocurrency and artificial intelligence sectors.
However, his vision is not without criticism. One user who responded to Demeester’s posts highlighted that Bitcoin could actually accelerate the development of AI. The user noted that AI’s ability to process Bitcoin transactions, such as sending lightning invoices, allows it to influence the physical world by involving humans as intermediaries. In his response, Demeester admitted that AI could use Bitcoin to interact with humans.
He proposed that direct recruitment by AI, incentivized by monetary rewards, is preferable to indirect manipulation tactics.
However, it remains unsure whether AI’s use of Bitcoin is an accelerator in itself.
