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The Fascinating Progression Towards Bitcoin, According to Sam Altman

The Fascinating Progression Towards Bitcoin, According to Sam Altman

The idea of a global currency that is not subject to any government jurisdiction is not just a fascinating thought; it is a “super logical” progression in technology. This belief comes from Sam Altman, the CEO of OpenAI. During a recent appearance on The Joe Rogan Experience podcast, Altman shed light on his vision of Bitcoin as the next logical step in technological evolution, emphasizing its potential to curb corruption in financial transactions.

The decentralized nature of Bitcoin means that payments are not made with physical cash, but digitally.

In a world where payments… are no longer like bags of money but are done in some digital way, and anyone, even if you use Bitcoin, can trace those flows… I think that’s a thing that reduces corruption.

Sam Altman

Altman’s longstanding support for Bitcoin underscores his belief. A 10-year-old blog reveals his position that a world dominated by Bitcoin would introduce unprecedented financial transparency.

Concerns Regarding CBDCs and Government Control

While Altman and podcast host Joe Rogan share an optimistic view of Bitcoin, their concerns lie elsewhere – central bank digital currencies (CBDCs). Rogan echoed prevalent worries among many in the crypto community, expressing concerns that CBDCs could become tools for enhanced government control, especially when linked to systems like a social credit score. He stated, “The push towards this is not for the general good of society, it’s for control“.

Altman’s concerns mirror those of Rogan but focus on recent actions by the US government. The founder of Worldcoin highlighted his disappointment with what he perceives as the government’s “war against crypto”, which he feels stems from a desire to exert control over the nascent industry. Altman lamented, “That’s the thing that makes me very sad for the country“.

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