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Web5: The Future of the Bitcoin-Based Internet with Polycarp Nakamoto (WiM512)
The "What is Money?" Show
Data is the New Gold
Data has emerged as the primary currency of the internet, highlighting its inherent value. The integration of Bitcoin with personal data marks a natural progression as both are high-value assets. The future will likely see the proliferation of open-source products that empower individuals to collect and manage their own data, allowing them to curate what they wish to disclose. With AI's growing need for fresh data, particularly as it exhausts existing datasets sourced from platforms like Wikipedia and social media, the value of individuals' data is expected to surge. As AI encounters limitations in available information, the opportunity arises for users to secure, package, and potentially sell their own verifiable data. Companies will be incentivized to explore new methods of acquiring data, making it crucial for individuals to maintain control over their personal information, whether for privacy or as a lucrative asset.
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