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OpenAI's Sam Altman Praises Bitcoin's Potential in Combatting Corruption

Tue, 10 Oct 2023, 07:25 am UTC

OpenAI's Sam Altman praises Bitcoin's potential for reducing corruption while expressing concerns about central bank digital currencies.

Sam Altman, the top executive at OpenAI and founder of Worldcoin, recently expressed his enthusiasm for Bitcoin during a conversation with Joe Rogan on the "The Joe Rogan Experience" podcast's October 6 episode. Altman praised Bitcoin for its immunity to governmental influence and its potential to combat corruption.

Altman believes that transitioning to a technologically advanced society with Bitcoin at its core could play a significant role in reducing corruption. He emphasized that digital payments, even when using Bitcoin, can be closely monitored, potentially curbing illicit activities compared to traditional cash transactions.

Altman's remarks align with sentiments he shared in a blog post a decade ago, where he highlighted the transparency that a global shift toward Bitcoin transactions could bring, significantly reducing corruption.

While Rogan expressed some reservations about the broader cryptocurrency sector, he showed strong belief in Bitcoin's potential as a globally accepted currency. He was intrigued by Bitcoin's unique features, including its capped supply and decentralized mining process.

The conversation also touched upon central bank digital currencies (CBDCs), with both Altman and Rogan expressing significant concerns about them. They feared that CBDCs could lead to excessive governmental control over individual financial behaviors.

Rogan voiced concerns about the potential linkage of CBDCs with social credit scores, seeing it as a tool for control rather than serving the collective good. Altman shared his dissatisfaction with the U.S. government's recent approach to the cryptocurrency sector, feeling that it represents an attempt to exert dominance over the crypto landscape.

Altman and Rogan recognize the transformative potential of Bitcoin but harbor deep concerns about the future implications of CBDCs and their impact on individual financial autonomy.

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Great article. Requesting a follow-up. Excellent analysis.

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Great article. Requesting a follow-up. Excellent analysis.
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