Chris Dixon, Andreessen Horowitz’s crypto founder and normal associate, joined CNBC’s ‘Squawk Box’ to debate his new e book ‘Read Write Own: Building the Next Era of the Internet.’ The crypto evangelist examined a few of the concepts within the e book, together with the position of blockchain technology in the way forward for the web and a doable path for Artificial Intelligence (AI) content material laws.
Blockchain Technology Is The Future of The Internet
In the interview, Dixon reviewed a few of the concepts proposed in his e book. When requested concerning the utility of blockchain expertise, the entrepreneur affirms his perception that, regardless of its significance, the monetary facet of it has been “overplayed” within the total dialogue. While funds, DeFi, and Bitcoin are vital purposes, blockchain expertise has rather more to supply, as he views it.
Blockchains as an expansive expertise. It’s a brand new solution to construct web providers. Those might be video games, they are often social networks, they are often monetary providers.
Regarding adoption, Dixon sees the current spot Bitcoin Exchange-Traded Funds (ETF) approval by the US Securities and Exchange Commission (SEC) as a optimistic sign for the crypto trade. He considers any crypto acceptance by conventional traders to be “a good thing” after years of crypto being seen as “controversial.”
Following the spot ETF approval discussions, he believes that extra acceptance of ETFs and different monetary devices utilizing digital property will enhance as a result of blockchain expertise “is inevitable, it’s the future of the internet.”
Should The Government Regulate AI Technology?
During the interview, Dixon highlighted his enthusiasm for AI expertise, “I’m very excited about AI. Our firm invests in a lot of AI. It’s a very powerful new technology.” However, he acknowledged the necessity for clear regulations concerning the expertise’s use because it has been concerned in lots of controversies lately.
Lately, considerations about using AI expertise have elevated after a wave of AI-generated deepfakes has flooded the web. This month, crypto customers have been alerted of AI-generated rip-off movies utilizing MicroStrategy co-founder Michael Saylor’s picture to advertise Bitcoin-related scams.
Saylor went on X to tell him that his group had been deleting 80 pretend movies utilizing his likeness day by day. Similarly, Solana co-founder Anatoly Yakovenko’s picture and voice have been used for pretend movies, providing a giveaway via a QR code to thank the neighborhood for a “historic day.”
Anatoly Yakovenko’s deepfake Ad selling the pretend giveaway on January 16, 2024. Source: Youtube.com
The entrepreneur sees AI-generated deep pretend movies as an more and more widespread downside that continues to have an effect on the crypto neighborhood and most of the people because of the superior expertise behind it, as he defined:
You are additionally going to see very superior phishing and really superior counterfeit folks. It’s going to be very exhausting to inform on the web what’s actual and what isn’t.
He affirms that “blockchains are an important countermeasure” to the AI-generated pretend movies downside since blockchains create “an immutable audit trail” that can be utilized to provide a provenance report to content material.
“You can have an immutable audit trail saying this video came from CNBC, it came from the New York Times,” Dixon defined.
Dixon believes that this strategy ought to be thought of. However, he additionally thinks it could be difficult to implement “without some sort of government action” and with out social networks having “some enforcement so they don’t show fake videos.”
Last week, White House press secretary Karine Jean-Pierre advised reporters that the US Congress ought to take legislative motion to deal with pretend AI-generated photos after sexually specific AI-generated photos of singer Taylor Swift began circulating the X (previously generally known as Twitter) platform.
These photos amassed 45 million views on the platform and have been mass-reported by customers. The X group took the AI-generated content material down and restricted the seek for them on the platform. It stays to be seen if blockchain expertise might be applied to resolve these points.
Bitcoin is buying and selling at $43,443.3 within the hourly chart. Source: BTCUSDT on TradingView.com
Featured picture from Unsplash.com, Chart from TradingView.com
