Strive Vice President Joe Burnett: AI may make it more difficult to accumulate Bitcoin through labor

Odaily Planet Daily News Strive Vice President Joe Burnett posted on the X platform that he previously believed that it is not too late to convert other assets into Bitcoin at any time, but AI has brought new variables.

If super-intelligent AI significantly reduces labor scarcity in the next 5 to 10 years, it may be more difficult to accumulate capital by selling labor and obtain ownership of scarce assets. By then, nearly all 21 million Bitcoins may have been mined, and Bitcoin will remain scarce.

Related news

11-01 06:15 UTC
Binance: Withdrawal functions for 15 networks will be restored in phases, with the Bitcoin network in the first batch.
11-01 05:54 UTC
Next week's macro outlook: Nonfarm payrolls and midterm elections take the stage together, Apple and AMD to report earnings
PANews November 1 news, according to Jinshi, in the past week's trading, the issue of returns on AI capital expenditure, the Federal Reserve's hawkish hold, and...
11-01 04:07 UTC
Bitcoin historical returns in November: 10 gains and 6 losses since 2010, average return 34.59%
10-31 15:30 UTC
In the past 24 hours, total contract liquidations across the network reached $188 million, with long positions dominating the liquidations.
10-31 10:55 UTC
New Ethereum draft proposal would allow wallets to permanently disable EIP-7702 delegation

Binance: Withdrawal functions for 15 networks will be restored in phases, with the Bitcoin network in the first batch.

Next week's macro outlook: Nonfarm payrolls and midterm elections take the stage together, Apple and AMD to report earnings

Bitcoin historical returns in November: 10 gains and 6 losses since 2010, average return 34.59%

In the past 24 hours, total contract liquidations across the network reached $188 million, with long positions dominating the liquidations.

New Ethereum draft proposal would allow wallets to permanently disable EIP-7702 delegation