AI Trend vs Crypto: Ethereum Co-Founder Expresses Fear Over Competing Technologies

In a recent Ask Me Anything (AMA) session on Farcaster, ETH co-founder Vitalik Buterin shared his thoughts on the future of the crypto industry.

When one user asked what worried him the most for Ethereum’s future, Buterin responded with a direct answer: “The risk that crypto stagnates, things like privacy and open internet infrastructure become lost causes.”

Another user asked Buterin what he thinks about most of the time, to which he replied, “AI-related issues.” and the AI trend itself. Specifically, he worries about the existential risks stemming from the advancement of artificial intelligence and how the Ethereum community can productively engage with these challenges.

This is not the first time Buterin has addressed the intersection between crypto and AI trend. He recently touched on the importance of implementing a strong “proof-of-personhood” framework that would enable people to verify their human identity in the digital realm.

Buterin also voiced concern about how smarter AIs could potentially shape government policy in the IT industry. He believes that important questions surrounding technology and politics in the 21st century will be shaped by artificial intelligence developments within the next ten years.

Despite his worries, Buterin remains optimistic about the future. He praised decentralised social media platforms like Farcaster and Lens Protocol, built using Ethereum’s sign-in options.

ETH, the second-largest cryptocurrency by market cap, experienced a significant surge on Sunday as its price reached close to $1700. This marks a 2.42% increase in value for ETH in just one day. 

Other digital assets, such as Solana and Bitcoin, also saw a rise in their prices. Bitcoin surpassed the $30,000 mark and reached the price of $30,675 at the time of writing, showing a 2.28% surge. Similarly, Solana’s price rose to the $30 range, reaching $30.33 with a 3.54% day-to-day increase.