BitMEX Co-Founder Arthur Hayes Says Bitcoin Will Be the Currency of Choice for Artificial Intelligence

07/07 20:16

According to BitMEX co-founder Arthur Hayes, artificial intelligence (AI) will require a payment system that is available 24/7, digital, automated, censorship-resistant, and enshrined with clear and transparent rules. Hayes believes that Bitcoin is the most logical money for AI to use for economic decisions and payment rails. He argues that Bitcoin's blockchain-based payment system can provide the necessary services for AI to pay for data and compute power, receive payments electronically in small increments, and maintain its value over time against AI's electricity "foodstuffs." Hayes also notes that Bitcoin's censorship-resistant nature and lack of a singular entity that can arbitrarily change the network rules make it a better option than fiat currency or gold-backed stablecoins.

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