Bitcoin Price Not Important, Says TBD Lead | CryptoTvplus

by Arthur · June 12, 2023

[gpt3]rewrite

Bitcoin is the most expensive cryptocurrency in the world. The movement of the price is seen as one of the most important factors in determining whether the crypto market is bearish or bullish. But is price the most important feature?

Mike BrockLeader of TBD of Block, so at the Bitcoin 2023 Miami event that the price of bitcoin should not be treated as the primary aspect of the crypto asset. “I think what we mean when we say the numbers are going up is not a matter of use.”

He noted that although an increase in the price of bitcoin is good, the most important aspect of the bitcoin industry should focus on the use cases. One example he mentioned of use is how he wants to see users save money and build wealth using Bitcoin.

With the current trend of the price not going as high as expected, Mike believes it is the best time to build, and have conversations with decentralized money, internet money, and as these are solutions to “concerns about the stability of the financial system”.

Table of Contents

NFTs on bitcoin are not required

Explaining to the audience his stance on bitcoin, the TBD official noted that while he wants to see the Bitcoin ecosystem flourish, he is against use cases such as NFTs on the network as well as on other blockchains in the industry.

“I don’t really buy into all NFT on bitcoin or on or on any other network. It doesn’t make sense to me,” he said. Mike also noted that he is willing to wait to be proven wrong in the future and that he would change his mind.

AI worries

Mike added that in terms of use cases, there is a need to look at how artificial intelligence is evolving while considering the use of decentralized identity and social networks to solve some of the challenges AI poses to humans. Since “there are new risks that we don’t even understand yet” how AI will fully develop.

He said that while there should be concerns about AI, there is no need to panic.

We’re at an interesting turning point in the history of human technology, as we’ve never had a technology that can think for itself, that can make its own decisions, that can potentially manipulate people, trick people into thinking it’s someone when it actually is the. just an AI model.

The Bitcoin maximalist believes that everyone – whether they are Bitcoin enthusiasts or not – should be engaged in such topics about how to deal with the excesses of AI because “we are building a technology that we fundamentally do not understand what the potential consequences of it are. .”

The rise of AI and the risk of deep counterfeiting and AI-driven cyber attacks make it increasingly important to have decentralized trust on the internet. Decentralized trust is a way of verifying the identity of users and the authenticity of content without relying on a central authority. This is important because it makes it more difficult for attackers to impersonate users and spread misinformation.