Unchained The Chopping Block: Why AI Will Change the Course of History in Crypto - Ep. 471
4 snips
Mar 22, 2023 Illia Polosukhin, co-founder of NEAR Protocol and former Google AI researcher, explores the fusion of AI and cryptocurrency. He discusses the recent banking crisis and its implications for crypto, weighing risks against traditional banking. Illia shares insights on how AI's evolution is revolutionizing the crypto landscape and emphasizes that "open source always wins." They even imagine a broken Tesla as the future of independent investing, showcasing the intersection of advanced tech and finance.
AI Snips
Chapters
Books
Transcript
Episode notes
Signature Bank Debanking
- Signature Bank was shut down, and its crypto clients were debanked.
- The FDIC's role in this remains unclear, raising questions about crypto's future in US banking.
Balaji's Bitcoin Bet as Marketing
- Balaji Srinivasan's $1 million Bitcoin bet is highly effective marketing.
- It generated significant attention and discussion, regardless of its accuracy.
BTFP vs. QE
- The Bank Term Funding Program (BTFP) is not equivalent to quantitative easing (QE).
- BTFP offers loans against assets, while QE involves outright purchases, impacting stimulus differently.