'Impossible to Fake Energy': Musk Doubles Down on Bitcoin's Intrinsic Value

Source: CoinEdition Original Title: ‘Impossible to Fake Energy’: Musk Doubles Down on Bitcoin’s Intrinsic Value Original Link:

Bitcoin as a Physics-Based Currency

Tesla CEO Elon Musk has described Bitcoin as a “fundamental physics-based currency.” In an interview with Zerodha co-founder Nikhil Kamath, Musk noted that Bitcoin will remain relevant after what we know as money today has become extinct.

Bitcoin is Beyond Legislation

Musk considers Bitcoin an energy-based currency that is beyond legislation. As a prediction, Musk foresees a future where advances in artificial intelligence and robotics would lead to a revolution in the monetary system. According to him, that will eliminate the need for money as we know it today.

The renowned entrepreneur believes that when such a time comes, energy will become the de facto currency in a post-scarcity world, at which point Bitcoin’s relevance would become more obvious, considering the technology’s ability to convert power into digital value.

The Three Aspects of AI

In the meantime, Musk highlighted the potential dangers of artificial intelligence (AI) if not properly regulated. During the interview, the renowned tech leader described AI as a powerful technology that does not necessarily guarantee a positive future. Musk believes AI, as a technology, should have ‘pursuing truth’ as the most important thing.

According to Musk, forcing AI to believe falsehoods could be dangerous, while the appreciation of beauty is important. Elaborating on his concept of AI, Musk noted that there are three aspects to AI, including truth, beauty, and curiosity.

AI Needs to be Properly Regulated

Using Voltaire’s opinion about the fundamental principles of belief, Musk noted that forcing AI to believe untrue things sets the solution up for insanity, because it would lead to bad conclusions. According to Musk, believing in absurdity leads to doing atrocious things, which could be dangerous for AI.

In Musk’s opinion, AI developers need to maintain strict adherence to the truth and not leave their solutions to feed on unchecked information from the internet. According to him, allowing an AI system to learn from the internet exposes it to absorbing lies, leaving the solution with a complicated reasoning problem.