September 10, 2024
Make no mistake; generative AI and robotics will form the basis of the world’s economy for centuries to come. These new economic and social landscapes will – without doubt – impact several areas of our lives, including the concept and reality of money.
Crypto is already here, of course – the result of the ever-accelerating march towards AI and robotics technology. Money as we know it is about to evolve into crypto. And we’re not just talking about Bitcoin and Ethereum.
Governments around the world already have their own digital currency (crypto) projects underway. The need for secure, decentralized transactions between parties around the world has already sealed money’s fate. Just as artificial intelligence is considered the new electricity, crypto is increasingly being considered as the new money.
Let’s take a look at why crypto is an inevitable part of an AI-driven future. And why you should master the concepts of crypto before you’re left behind. Let’s imagine a future in which robots are an intrinsic part of our everyday lives.
We’re already living in the age of artificial intelligence, and the scarcity of crypto is going to prove invaluable in how we control its rise.
AI is already very impressive, but we’re on the cusp of something incredible in terms of its capabilities. How will we be able to differentiate between highly realistic synthetic content and human content? Will we be able to distinguish between humans and AI when we’re communicating across the internet?
The answer is yes, and it’s all to do with the scarcity of crypto assets. This is the easiest, most efficient method of verifying humans in a future where AI is systematically representing human interactions. Digital identity verification, biometrics, and immutable records will all play a part in this process. So, whether you’re ready or not, crypto is here to stay.
Money has traditionally been the economic bridge between people wishing to trade. That won’t change conceptually, but the way transactions are processed will.
Imagine you own a robot. You don’t need to pay it in order to interact with it, as you own it…it’s already under your control. But what happens when you want to interact with a robot elsewhere you don’t own, or one you’re buying? You’ll need to send money.
The legacy currencies of yesterday can’t take control of robots. But now, in the age of AI and automation, crypto is the new economic bridge between people. It’s decentralized, almost 100% secure, and anonymous.
Scarcity has always been the driving force behind the concept of money. But as technology – particularly AI – advances at breakneck speed, its influence will grow yet further.
Scarcity is here to stay, but the kind of things that become scarce will change. Today, we use static robots to help us wash our clothes and household fabrics. They’re called washing machines! And most of the Western world either owns one or pays to rent one regularly.
But advances in robotics will one day make washing machines redundant. We’ll have moved on, so any scarcity of washing machines will completely vanish. Instead, we’ll turn to AI-powered robots who won’t just wash our clothes, but will also make our meals, manage our calendars, and perform the housework we all hate so much!
But who will make these robots? And who will control them?
Right now, the most capable supply chains for building the robots of the future remain scarce. In addition, the nuclear power plans needed to run the AI data centers that will control the robots are equally, if not more scarce.
Today, most of the supply chains and the nuclear power stations required for the production of robots are in China and Southeast Asia. What does this mean? Well, when robots are in huge demand and scarcity begins to soar, money in China and Southeast Asia may become more valuable than elsewhere in the world.
So, we’re headed towards a world in which AI-powered robots will perform many of the menial tasks we do ourselves right now. And that’s an exciting prospect. Imagine it: Rather than making beds, vacuuming, and washing clothes, you’ll be able to leave these jobs to household robots.
Businesses will be able to streamline production, slash costs, and improve safety levels. We’ll have more leisure time as a result. Living standards will rise around the world, and robots will have established their place in everyday life.
But to control robots in the AI era, you’ll need private keys. These keys will be the access points for communicating and operating the robots of the future. So, when you consider how much robots will be doing for us in the future, the most important form of scarcity will be these all-important keys.
To ensure only the people who own the robots are the ones who control them, we won’t be able to rely on Web2 systems as keys, as they don’t offer the required levels of security. Instead, we’ll need Web3 backends such as Ethereum and Bitcoin to do the job.
So, as you can see, both AI and robotics are destined to play an increasingly important role in all our lives. And, as a result, the crypto needed to control these technologies will become increasingly scarce and valuable.
Now is the time to get involved in this revolution. Broaden your knowledge and your horizons by enrolling with Wintrado Academy, and claim your stake in the crypto revolution before it’s too late.
