Vitalik Buterin · Bitcoin · Ethereum · X · Crypto Briefing
Vitalik Buterin rejects asserts AI could crash Bitcoin by 50%
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Ethereum's co-founder says the odds of AI breaking Bitcoin's core security are 'extremely low' and has roughly 90% of his net worth riding on that conviction.
Key facts
- Shapira had posted his thesis with what he described as 50% confidence: AI advancements could shake Bitcoin’s security foundations enough to trigger a price collapse of over 50%
- Vitalik Buterin told one of Silicon Valley’s most vocal AI doomsayers to sit down
- Shapira’s argument centers on the idea that rapidly advancing AI systems could discover weaknesses in SHA-256 hashing or other cryptographic primitives that secure the Bitcoin network
- The exchange, which played out publicly on September 7, quickly rippled across crypto media
Summary
Vitalik Buterin told one of Silicon Valley’s most vocal AI doomsayers to sit down. The exchange, which played out publicly on September 7, quickly rippled across crypto media. What made Buterin’s response more than another Twitter debate was the skin in the game. Shapira’s argument centers on the idea that rapidly advancing AI systems could discover weaknesses in SHA-256 hashing or other cryptographic primitives that secure the Bitcoin network.