Anthony Pompliano, the co-founder of Morgan Creek Digital Assets, a leading crypto investment and advisory firm, recently argued via Twitter that cryptocurrencies are not meant, or not designed, for humans.
Pompliano, a former US Army sergeant, told his followers on the microblogging platform that “it is hard for humans to understand cryptoassets because these assets are not for us. They are being built for the machines.”
The reason it is so hard for so many humans to understand crypto assets is because these assets are not for us.
They are being built for the machines.
— Pomp 🌪 (@APompliano) February 23, 2019
Responding to Pompliano’s assertion, Changpeng Zhao, or “CZ”, the CEO of Binance, the world’s largest crypto exchange, remarked:
Disagree on this one. Humans can use crypto equally well. The reason it is so hard for many to understand cryptocurrency is because our schools don't teach us what money really is.
Can AI, Machine Learning Advancements Replace Jobs Done By Humans?
With the growth and increasing adoption of artificial intelligence (AI), machine learning, and other processes that will automate many routine work procedures, there are many people who’ve expressed concerns that manual labor will no longer be required. Those who support this claim have argued that the jobs once performed by humans such as writing articles (journalism), writing code for software programs, clerical work, and various other tasks will all be done by machines.
Because most work will be done by robots or machines, many people will become unemployed – according to some analysts. However, there are also those who argue that people will just work less (around four hours a week) and lead better quality lives due to technological advancements.
Aside From A “Scaled Bitcoin”, All Cryptos “Are Scams”
In addition to concerns about machines taking over our jobs, the world’s education system has been criticized for not adequately preparing students for solving real-world problems. In response to CZ’s claim that people don’t understand digital assets because schools don’t teach students about money, Pompliano remarked:
Agreed that we don’t teach this in schools, but we should. Humans are the research and development (R&D) department for machines though. Automation is the result of humans trying to do things better, faster, more efficiently, or more consistently.
In response to Pompliano’s statements, Twitter user “Reina Nakamoto,” a supporter of Bitcoin “Satoshi’s Vision” SV (a fork of Bitcoin Cash), said that crypoassets – “aside from an actual working, scaled Bitcoin”, are “scams built only for humans.” She also alleged that:
A machine doesn’t get or see value in scams.
Quantum Computers A Threat To Existing Blockchains?
According to Pompliano:
The future of technology can almost always be found in creepy, weird science fiction of yesterday. Crypto and automation is no different.
The advancement of technology is often seen as an existential threat by many human beings. Notably, quantum computers are increasingly become more sophisticated – as they are able to perform computations faster than traditional “binary computers.” Some members of the crypto community are concerned that advancements in quantum computers could potentially pose a threat to the binary-based blockchains of today.