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Michael Saylor Claims Bitcoin’s Usefulness in Fighting Deepfakes

by Vaibhav
May 30, 2023
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Who is Michael Saylor?  All about the founder of MicroStrategy

The first cryptocurrency will help eliminate cybersecurity threats created by artificial intelligence, such as deepfakes, said Michael Saylor, founder of MicroStrategy.

He illustrated his point with the example of social media bots. In his opinion, billions of fake accounts are behind the digital “civil war” in modern society, inciting hatred among real users.

“The risk in cyberspace is that I can spin a billion fake people and start a civil war by making the fake Republicans hate the real Democrats,” he explained.

According to Saylor, artificial intelligence will make deepfakes cheaper and much more difficult to detect. According to him, more than 2,000 bots subscribe to his Twitter account every day.

Sailor called the technology of decentralized identifiers (DID) the basis for combating the problem. This system implies the need to verify identity before publication by sending a small amount of digital assets.

“If someone wants to run a billion Twitter bots, it will cost them a billion transactions. […]. By combining the power of cryptography with decentralized networks like Bitcoin, we can bring costs and consequences into cyberspace,” Saylor added.

A similar product is being developed by the head of OpenAI, Sam Altman, with his Worldcoin project. The World ID protocol, based on zero-knowledge evidence, allows you to confirm the identity of a person using the retina of the eye.

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However, it also has drawbacks – some users from China have begun to buy biometric data in African countries in order to receive registration bonuses.

Recall that in May, Saylor announced MicroStrategy’s interest in Ordinals. According to him, the company plans to create applications based on the Bitcoin-NFT protocol.

Previously, the firm introduced a service for rewards based on the Bitcoin micropayment network Lightning Network.

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Who is Michael Saylor?  All about the founder of MicroStrategy

The first cryptocurrency will help eliminate cybersecurity threats created by artificial intelligence, such as deepfakes, said Michael Saylor, founder of MicroStrategy.

See also  CEO Ledger acknowledged the possibility of access by the authorities to the assets in the wallet

He illustrated his point with the example of social media bots. In his opinion, billions of fake accounts are behind the digital “civil war” in modern society, inciting hatred among real users.

“The risk in cyberspace is that I can spin a billion fake people and start a civil war by making the fake Republicans hate the real Democrats,” he explained.

According to Saylor, artificial intelligence will make deepfakes cheaper and much more difficult to detect. According to him, more than 2,000 bots subscribe to his Twitter account every day.

Sailor called the technology of decentralized identifiers (DID) the basis for combating the problem. This system implies the need to verify identity before publication by sending a small amount of digital assets.

“If someone wants to run a billion Twitter bots, it will cost them a billion transactions. […]. By combining the power of cryptography with decentralized networks like Bitcoin, we can bring costs and consequences into cyberspace,” Saylor added.

A similar product is being developed by the head of OpenAI, Sam Altman, with his Worldcoin project. The World ID protocol, based on zero-knowledge evidence, allows you to confirm the identity of a person using the retina of the eye.

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However, it also has drawbacks – some users from China have begun to buy biometric data in African countries in order to receive registration bonuses.

Recall that in May, Saylor announced MicroStrategy’s interest in Ordinals. According to him, the company plans to create applications based on the Bitcoin-NFT protocol.

Previously, the firm introduced a service for rewards based on the Bitcoin micropayment network Lightning Network.

Subscribe to Cryplogger on social networks

Found a mistake in the text? Select it and press CTRL+ENTER

Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!

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