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You are here: Home / AI / Is AI as Scary as Bitcoin Several Years Ago? Examining the Fear Around Them

Is AI as Scary as Bitcoin Several Years Ago? Examining the Fear Around Them

July 26, 2023 By GISuser

Innovation is a great power that accelerates our achievements in this world, bringing new ways of implementing ideas. However, as history shows, people do not always accept new things for several reasons. One of them is the fear that comes with the lack of knowledge about the new concepts, and the second is the thoughtfulness that by accepting something new, we will lose what we used to have before. So, this is more of a philosophical issue, bet’s let’s untangle it. 

 

Artificial intelligence is what the world is talking about currently. Along with new items both in real and virtual lives, AI has been proving its high functionality and competitiveness in many markets, such as writing texts, supporting customers, analyzing games, and so on. Despite this fact, the super flexibility of AI technologies in terms of adapting to our world, makes people worry about their jobs and their future in general. Many of them are even prone to banning some AI tools, to prevent its advancements. 

 

These notes remind another story happening a few years ago when cryptocurrencies first appeared in global news agendas. Not only usual customers but also governments hurried to speak against the innovation, for the sake of traditional currencies. Did cryptocurrencies succeed to overcome the resistance and what does hold the future of AI? Let’s try to understand it.

Cryptocurrencies Evolved Separately Causing Other Innovations

It’s not a secret that the technology based on which cryptocurrencies work is a quite safe ad even incomparable in comparison with traditional transactions. Blockchain does its best to keep this safety on a high level and to make crypto deals attractive for many internet users. Although people had little idea about this new type of currency, they could realize that Bitcoin and other currencies have come for a long time, but the dilemma was – whether those were the last days for traditional payments or not.

 

Over the years, life showed that crypto and traditional currencies can live next to each other. For instance, amid the growing popularity of Bitcoin, it evolved separately gaining new markets that traditional currencies were not able to reach. As a result, a completely new industry was created in the gaming market- crypto gaming became the future of online attractions. Today, thousands of people pay in supermarkets and other stores with the usual money but when it comes to gaming or gambling, they usually switch to blockchain technology as a reliable means of instant transactions.

 

If previously many governments took measures to fight against cryptocurrencies, today in some countries they even want to integrate crypto into the state regulations to make those widely acceptable currencies throughout their countries.

How is AI Different?

Artificial intelligence is a great innovation that could provoke even more discussions and debates than cryptocurrencies years ago. AI is not about preferences, as cryptocurrencies were, but rather establishing a new lifestyle and order. From this point of view, AI is completely different from the rest of innovations, having the biggest potential to transform the world.

 

The problem is that AI is not considered a threat for a particular field or profession, but several ones. Its development causes worries about job cuts worldwide, and it can hit so many people unless we learn how to deal with it smartly. As analyses showcase, AI would rather steal the jobs of highly qualified and educated professionals, which is quite logical, since no AI would be able to clean offices or repair water pipes, but it already writes articles, makes calculations, conduct analyses, etc.

 

For sure, the responsible approach of AI developers could be easing the fear people experience currently, and there are some examples, like Google being ready to use AI to create tools to help journalists. Presenting new technologies as a means of assistance for professionals is a great way to start the collaboration between people and AI technologies.

The Future is Bright as Always (Hopefully)

Technological innovations helped humankind to achieve massive goals on Earth and beyond it, so this case hopeful will not be an exception. However, it’s very predictable that AI won’t grow separately and evolve into new markets, as cryptocurrencies did because it’s bigger and stronger in terms of global influence. 

 

Regulators in the USA and other countries are worried about the consequences AI technologies might cause, containing more capabilities than one could imagine. These arguments have already gone so far that people talk about the possibility of AI “distracting our civilization”, which sounds exaggerated maybe. 

 

All these ongoing issues aside, it’s undeniable that AI technology is a great tool our civilization can use to make the world better. And if smaller tech innovations could grow new markets and industries, then how much more AI could accomplish if we use it for good?

Filed Under: AI, Around the Web, Bitcoin, Cryptocurrency

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