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Bitcoin can bring ’cause and consequence into cyberspace’, boost security — Michael Saylor

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Bitcoin stands out as the reply to fight cybersecurity threats pushed by synthetic intelligence, akin to deepfake, stated Michael Saylor, government chairman of MicroStrategy, throughout a current interview with Kitco Information.

Saylor illustrated his views utilizing social media accounts created by robots for example. In keeping with him, billions of faux accounts are behind a digital “civil conflict” in right this moment’s society, stirring up hatred amongst actual customers of digital platforms.

“The danger in our on-line world is I can spin up a billion faux individuals, and I can create a civil conflict by having the faux Republicans hate on the faux Democrats, or the actual Democrats. Having the faux Democrats hate on the actual Republicans,” stated the tech government when discussing how synthetic intelligence and different next-generation applied sciences will make deepfake cheaper and tougher to detect.

Michael Saylor throughout interview on the Bitcoin 2023. Supply: Kitco Information

In keeping with Saylor, who has over 3 million Twitter followers, he receives almost 2,000 faux followers daily. “I actually noticed in a matter of 1 hour, 1500 bot accounts received scrubbed off my account, they usually had been bots. So, we will not reside with that establishment,” he continued. The manager believes the answer for deepfake and different digital belief points lies in decentralized identities (DIDs).

A decentralized identity is a self-owned, impartial id that permits trusted information trade. In different phrases, it’s a method to confirm and management an internet id and private data.

“If somebody desires to launch a billion Twitter bots, that is going to value them a billion transactions […]. By combining the facility of cryptography with the facility of a decentralized crypto community like Bitcoin, we will carry value and consequence into our on-line world,” he defined.

Saylor’s Microstrategy is without doubt one of the firms engaged on encrypted signatures for social customers and company options. The CEO of Open AI, Sam Altman, can be creating expertise for proof of personhood together with his crypto undertaking, Worldcoin. To construct decentralized identification instruments, the corporate closed a $115 million fund round last week.

Equally, layer-2 protocol Polygon launched a decentralized identity solution in March. Powered by zero-knowledge proofs (ZK proofs), it makes use of cryptographic methods to permit customers to confirm their id on-line with out having their delicate data handed or probably saved with a 3rd celebration. The product got here out almost a yr after saying its improvement.

Magazine: Here’s how Ethereum’s ZK-rollups can become interoperable