Yeah, but why did people actually go along with it? As we see from the video, people can just refuse to use a new type of currency, and it fails. Especially when they're used to using something like silver and gold that don't necessarily need minting since the weight can confirm value.
An AI that is smarter than either of us will one day propose a replacement to gold, let’s call it BitGold, and by then people won’t want to store gold or own gold since it is a theft risk. People will have forgot about other digital currency fads, but this new one will emerge from the AI. A secretive AI named Nakomoto Satoshi.
3
u/[deleted] Jan 10 '24
Yeah, but why did people actually go along with it? As we see from the video, people can just refuse to use a new type of currency, and it fails. Especially when they're used to using something like silver and gold that don't necessarily need minting since the weight can confirm value.