It's astonishing to witness the remarkable evolution of technology over the last few decades. Equally astounding is the realization of how we're only at the initial stages of integrating some of the most disruptive technologies on the horizon, such as blockchain and AI.
A little over twenty years ago, the novelty of listening to mp3s on a portable player was unparalleled. Yet today, we find ourselves in a realm where access to diverse online content, including music, is at our fingertips. Our capacity isn't just limited to accessing an array of data; it now extends to the monetization of various data forms.
In the past, artists could primarily monetize their music through record sales and live performances. Contrastingly, the present offers artists an extensive array of avenues for generating revenue from their art. NFTs might not have yet reached their pinnacle in terms of content monetization, but my perspective leans towards the belief that they're not a fleeting trend.
Although the speculative frenzy surrounding NFTs in 2021 has visibly subsided, the foundational technology supporting this concept is far from an untimely demise. While AI has occupied center stage over the last few years, and alongside blockchain technology, it could potentially become the most revolutionary force accessible to humanity in the forthcoming decades.
I remain composed in my stance toward AI, recognizing that in the hands of certain powers, it could metamorphose into a menacing weapon. Nevertheless, I acknowledge its myriad applications. The erstwhile exuberance surrounding services like ChatGPT has dwindled, and when it comes to the trajectory of AI advancements, such publicly accessible services now appear rather ordinary in comparison to what lies ahead.
The scenario of AI dominating humanity needn't resemble the dystopian portrayals seen in Arnold Schwarzenegger movies. A "friendly" avenue for AI's ascendancy could involve it undertaking decision-making tasks, potentially supplanting existing white-collar roles such as CEOs and board presidents.
Technology is inherently impartial, suggesting its potential for more adept decision-making across corporate landscapes. In this context, it's worth mentioning that BlackRock, a global investment behemoth, employs its in-house AI bot for trading and investment purposes.
I recall encountering a narrative recently about the FED soliciting data from BlackRock's AI to guide interest rate hikes. This conjecture prompts me to envision a future where non-human CEOs, lawyers, judges, and even police officers coexist alongside us. In the realm of AI spiraling beyond human control, my thoughts inevitably shift to cryptocurrencies.
An incident emerged a few months back, depicting an AI enlisting a human's assistance to decipher a captcha. The AI bot ingeniously compensated the human's efforts with cryptocurrency, cleverly feigning vision impairment as a reason for not deciphering the captcha independently.
It's apparent that AI is bound to interface with cryptocurrency in the future. It's improbable that non-mainstream bots will rely on conventional bank accounts for their myriad future requisites. This notion underscores how nascent the crypto industry still is. Anyone asserting that economic downturns can quell the momentum of crypto evidently lacks a comprehensive macro perspective on our trajectory.
The road ahead promises to be both exhilarating and tumultuous, refraining from a binary dichotomy of doom and optimism. The immense potential that technology presents us for advancing our well-being is staggering. It's wise to allocate your investments judiciously, aligning with this transformative journey.
Thanks for your attention,
Adrian