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OpenAI CEO Praises Bitcoin but Raises Concerns about CBDCs
Summary
- Sam Altman says Bitcoin is a ‘super logical’ step on the tech tree.
- CBDCs are the beginning of the ‘absolute end.’
- Technology will make it harder to hide corruption.
The use of Bitcoin as a global currency is a ‘super logical and important’ step that can reduce corruption, according to OpenAI boss Sam Altman.
Altman said he was excited about Bitcoin but warned against the introduction of Central Bank Digital Currencies (CBDCs) during an appearance on the Joe Rogan Experience podcast.
The chief executive of OpenAI, the company behind ChatGPT, launched his own controversial eyeball scanning crypto project, Worldcoin, in July.
Altman said,
I’m excited about Bitcoin too. I think this idea that we have a global currency that is outside of the control of any government is a super logical and important step on the tech tree.
Sam Altman
The OpenAI boss said technologies like Bitcoin would become a major force against corruption because it would become ‘harder to hide stuff’.
“In a world where payments are no longer like bags of cash, but done somehow digitally and somebody can watch those flows, I think that’s a corruption reducing thing,” said Altman.
Not a Big Fan of CBDCs
During his appearance, Altman said he was ‘super against’ CBDCs, which some in crypto argue could be the ‘beginning of the absolute end’ if Governments use them to control people’s spending.
Criticism Regarding U.S. Regulations
The OpenAI boss went on to describe FTX as a ‘comically bad situation’ but criticised the US Government’s ‘war on crypto’. He suggested to Rogan that regulators in the country were battling crypto to maintain their control.
The US Securities and Exchange Commission is currently pushing ahead with court cases against a host of major crypto projects, including allegations that Coinbase evaded its rules for years by illegally operating as an unregistered exchange.
“There are many things that I’m disappointed that the US Government has done recently,” said Altman. “But the war on crypto … that’s a thing that makes me quite sad about the country.”
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