Why Bitcoin is a technological revolution for financial transparency
It is not only a fascinating idea, but also a "super logical" step in the field of technology to consider the possibility of a worldwide currency that is not subject to the authority of any government. Sam Altman, the Chief Executive Officer of OpenAI, is of the opinion that this is the case.
During a recent appearance on the podcast The Joe Rogan Experience, Altman elaborated on his perspective that Bitcoin is the natural next step in the progression of technology, noting the cryptocurrency's ability to reduce instances of corruption in financial dealings.
Due to the decentralised structure of Bitcoin, transactions are not conducted using traditional forms of currency but rather digital tokens.
In a future society in which monetary transactions are carried out not with physical bills and coins but rather with the use of some form of digital currency, and in which it is possible for anyone, even if you are transacting with Bitcoin, to monitor the movement of funds... In my opinion, this is something that helps fight against corrupt practises.
The fact that Altman has been a supporter of Bitcoin for a very long time demonstrates his conviction. His position that a world ruled by Bitcoin would bring in unparalleled financial openness was revealed in a blog that was created ten years ago.
Even though Joe Rogan, who has a podcast, and Altman both have a positive outlook on Bitcoin, they are more concerned about central bank digital currencies (also known as CBDCs).
Rogan expressed concerns that CBDCs are becoming tools for more government control, particularly when linked to systems such as a social credit score, echoing views that are popular among many members of the cryptocurrency community.
Rogan's comments echoed the sentiments of many others in the crypto community. He made the following statement: "The push towards this is not for the general good of society; it is for control."
The worries of Altman are very similar to Rogan's, but they centre on recent acts taken by the government of the United States. The founder of Worldcoin expressed his dissatisfaction with what he considers to be the government's "war on crypto," which he believes is motivated by a desire to exert control over the emerging business.
He believes that this ambition is the root of the problem. Altman expressed his regret, saying, "This is the thing that makes me very sad for the country."