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Chris Dixon, Andreessen Horowitz’s crypto founder and normal accomplice, joined CNBC’s ‘Squawk Box’ to debate his new guide ‘Read Write Own: Building the Next Era of the Internet.’ The crypto evangelist examined a number of the concepts within the guide, together with the position of blockchain technology in the way forward for the web and a potential path for Artificial Intelligence (AI) content material laws.

Blockchain Technology Is The Future of The Internet

In the interview, Dixon reviewed a number of the concepts proposed in his guide. When requested in regards to the utility of blockchain know-how, the entrepreneur affirms his perception that, regardless of its significance, the monetary facet of it has been “overplayed” within the total dialogue. While funds, DeFi, and Bitcoin are essential purposes, blockchain know-how has way more to supply, as he views it.

 Blockchains as an expansive know-how. It’s a brand new strategy to construct web companies. Those could be video games, they are often social networks, they are often monetary companies.

Regarding adoption, Dixon sees the current spot Bitcoin Exchange-Traded Funds (ETF) approval by the US Securities and Exchange Commission (SEC) as a optimistic sign for the crypto trade. He considers any crypto acceptance by conventional buyers to be “a good thing” after years of crypto being seen as “controversial.”

Following the spot ETF approval discussions, he believes that extra acceptance of ETFs and different monetary devices utilizing digital property will enhance as a result of blockchain know-how “is inevitable, it’s the future of the internet.”

Should The Government Regulate AI Technology?

During the interview, Dixon highlighted his enthusiasm for AI know-how, “I’m very excited about AI. Our firm invests in a lot of AI. It’s a very powerful new technology.” However, he acknowledged the necessity for clear regulations concerning the know-how’s use because it has been concerned in lots of controversies lately.

Lately, considerations about the usage of AI know-how have elevated after a wave of AI-generated deepfakes has flooded the web. This month, crypto customers had been alerted of AI-generated rip-off movies utilizing MicroStrategy co-founder Michael Saylor’s picture to advertise Bitcoin-related scams.

Saylor went on X to tell him that his group had been deleting 80 faux movies utilizing his likeness each day. Similarly, Solana co-founder Anatoly Yakovenko’s picture and voice had been used for faux movies, providing a giveaway by way of a QR code to thank the group for a “historic day.”

Anatoly Yakovenko’s deepfake Ad selling the faux giveaway on January 16, 2024. Source: Youtube.com

The entrepreneur sees AI-generated deep faux movies as an more and more frequent drawback that continues to have an effect on the crypto group and most of the people as a result of superior know-how behind it, as he defined:

You are additionally going to see very superior phishing and really superior counterfeit folks. It’s going to be very laborious to inform on the web what’s actual and what isn’t.

He affirms that “blockchains are an important countermeasure” to the AI-generated faux movies drawback since blockchains create “an immutable audit trail” that can be utilized to offer a provenance document to content material.

“You can have an immutable audit trail saying this video came from CNBC, it came from the New York Times,” Dixon defined.

Dixon believes that this method needs to be thought of. However, he additionally thinks it might be difficult to implement “without some sort of government action” and with out social networks having “some enforcement so they don’t show fake videos.”

Last week, White House press secretary Karine Jean-Pierre advised reporters that the US Congress ought to take legislative motion to deal with faux AI-generated pictures after sexually specific AI-generated pictures of singer Taylor Swift began circulating the X (previously referred to as Twitter) platform.

These pictures amassed 45 million views on the platform and had been mass-reported by customers. The X group took the AI-generated content material down and restricted the seek for them on the platform. It stays to be seen if blockchain know-how could be carried out to resolve these points.

Bitcoin is buying and selling at $43,443.3 within the hourly chart. Source: BTCUSDT on TradingView.com

Featured picture from Unsplash.com, Chart from TradingView.com