OpenAI CEO Sam Altman Praises Bitcoin's Role in Fighting Corruption; Voices Concerns Over CBDCs
Summary:
OpenAI CEO Sam Altman describes Bitcoin as a 'super logical' technological advancement that operates outside government control and aids in combatting corruption. In a podcast with Joe Rogan, Altman expressed his views on Bitcoin as a global reserve currency and voiced concerns about Central Bank Digital Currencies (CBDCs). He also emphasized that a world transacting in Bitcoin could foster greater transparency. Both Altman and Rogan revealed their significant apprehensions about CBDCs, associating them with increased governmental control over individual expenditure.
Sam Altman, the CEO of OpenAI, has described Bitcoin (BTC) as a highly rational progression in technology, asserting its position as unregulated by any government entities and serving as a weapon against corruption. "I'm enthusiastic about Bitcoin," Altman declared on The Joe Rogan Experience podcast on October 6. He further emphasized that an international currency outside governmental jurisdiction is an essential technological evolution.
Altman's comprehensive discussion with Rogan included his perspective on Bitcoin as a globally reserved currency and his apprehensions regarding Central Bank Digital Currencies (CBDCs). As the founder of Worldcoin, Altman believes the transition towards a "technologically advanced world", including Bitcoin, promises reduction in corruption.
He observed, along with several others, that corruption acts as a potent impediment to societal progression. "However, in a world where payments, for example, are no longer cash-filled bags, but are digitally conducted, even via Bitcoin, its flow can be tracked. I believe this promotes reduction in corruption," Altman stated.
Rogan, on the other hand, exhibited his hope for Bitcoin, despite widespread doubts about the broader cryptocurrency market. He trusts that Bitcoin has the potential to transform into an "universally acceptable currency".
Altman had demonstrated his endorsement for Bitcoin, years prior to this podcast. In a decade-old blog post, he asserted that a world transacting in Bitcoin could enhance transparency. "A Bitcoin-transacting world would be considerably more transparent, and financial transparency is invaluable. It's potentially the most effective way to reduce corruption," Altman expressed.
Both Altman and Rogan confessed their significant concern about CBDCs, criticizing the U.S.'s aggressive stance against cryptocurrencies. Altman stated his disappointment in the recent actions of the U.S. government with respect to the crypto industry.
Rogan fears that CBDCs might provide governments with even more authority over individual expenditure. "I'm extremely anxious about central bank digital currency being linked to a social credit score. The address towards that is not for societal welfare, it's for control," Rogan stated.
Published At
10/9/2023 2:18:03 AM
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