In a thought-provoking blog post titled “Moai,” Arthur Hayes, co-founder of the renowned crypto exchange BitMEX, delves into the potential impact of Artificial Intelligence (AI) on the future of economic organization and the role of Ethereum. Hayes argues that the rise of AI-driven Decentralized Autonomous Organizations (DAOs) will revolutionize the global economy and propel Ethereum to new heights. The Critical Role Of DAOs In The AI Era Hayes contends that the current economic progress and per capita wealth of global civilization can be attributed to the efficient self-organization of human societies. He emphasizes that traditional company structures, empowered and regulated by the state, have been the primary vehicles for economic development. However, he highlights the limitations of these structures when it comes to AI-driven entities. He states, “An AI has no reason to follow any laws. It cannot be coerced by the state, and therefore, exchanges that trade tokens issued by AI-powered DAOs will likely become natural monopolies.” Related Reading: Lacoste Unveils Exclusive Ethereum-Based Virtual Store For NFT Holders Hayes lays out a compelling argument for why ..
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