- October 10, 2023
- Posted by: [email protected]
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During a recent episode of The Joe Rogan Experience podcast, Sam Altman, CEO of OpenAI, expressed his enthusiasm for Bitcoin, hailing it as a “super logical” progression in the technology landscape. He also voiced strong opposition to central bank digital currencies (CBDCs).
Altman’s admiration for Bitcoin stems from its unique status as a global currency that operates independently of government influence. In his conversation with Joe Rogan, Altman shared his perspective on this groundbreaking innovation, stating, “I’m excited about Bitcoin. I think this idea that we have a global currency that is outside of the control of any government is a super logical and important step on the tech tree.”
Altman’s interview covered a wide range of topics, including Bitcoin’s potential as a world reserve currency and his concerns regarding CBDCs. As the founder of Worldcoin, he emphasized how the shift towards a technologically enabled world, including the adoption of Bitcoin, could help combat corruption.
He pointed out that corruption often impedes societal progress and suggested that digital payment systems, including Bitcoin, could mitigate this issue. Altman explained, “But in a world where payments, for example, are no longer like bags of cash but done somehow digitally and somebody, even if you’re using Bitcoin, can like watch those flows, I think that’s like a corruption-reducing thing.”
Joe Rogan, although skeptical of the broader cryptocurrency industry, also expressed his optimism for Bitcoin, describing it as the crypto with the most potential to become a “universal viable currency.” He highlighted Bitcoin’s limited supply and decentralized mining process as key factors contributing to its appeal.
Altman’s support for Bitcoin is not new. A decade ago, he authored a blog post arguing that a world transacting in Bitcoin would be more transparent, ultimately reducing corruption. He noted, “A world where we all transact in Bitcoin would be much more transparent, and financial transparency is great. It’s perhaps the thing that would most reduce corruption.”
Both Altman and Rogan shared strong reservations about CBDCs, echoing concerns about government surveillance and control. They expressed apprehension about the United States potentially evolving into a surveillance state through the implementation of CBDCs. Rogan is particularly worried about the linkage between CBDCs and social credit scores, emphasizing that this could lead to a loss of individual financial autonomy.
Sam Altman’s endorsement of Bitcoin as a tool for promoting transparency and combating corruption underscores the growing recognition of cryptocurrencies as a force for positive change in the financial world. Altman’s and Rogan’s shared concerns about CBDCs highlight the ongoing debate surrounding the potential impact of government-controlled digital currencies on individual freedoms and privacy.
