Galaxy

Bitcoin

Worldcoin

Read

<p class="is-style-lead">Sam Altman, Worldcoin founder and OpenAI CEO, discusses the potential and challenges of cryptocurrencies, emphasizing the need for a global currency while addressing concerns about regulation and privacy.</p> 
<p>The rapid rise of <a href="https://crypto.news/market-cap/" data-type="link" data-id="https://crypto.news/market-cap/">cryptocurrencies</a> has elicited varied responses globally, with governments grappling to understand and regulate this burgeoning market. Sam Altman, <a href="https://crypto.news/worldcoin-records-verifications-every-8-seconds-despite-suggested-fallen-interest/" data-type="link" data-id="https://crypto.news/worldcoin-records-verifications-every-8-seconds-despite-suggested-fallen-interest/">Worldcoin</a> founder and <a href="https://crypto.news/openai-secures-100m-for-worldcoin-launch/" data-type="link" data-id="https://crypto.news/openai-secures-100m-for-worldcoin-launch/">OpenAI</a> CEO, recently addressed the U.S. government’s perceived aggressive stance on the crypto sector during Joe Rogan’s podcast. Labeling it a “war on crypto,” Altman expressed his disappointment in the government’s attempts to heavily regulate the industry.</p> 
<p>Joe Rogan echoed the fascination many hold for Bitcoin (<a href="https://crypto.news/price/bitcoin/" data-type="link" data-id="https://crypto.news/price/bitcoin/">BTC</a>), admiring its potential as a universal currency that operates beyond governmental boundaries. Altman too believes in the importance of a global currency beyond any singular governmental influence, describing it as a “super logical and important step on the tech tree.”</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">„I‘m excited about <a href="https://twitter.com/hashtag/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#bitcoin</a> too!“<br><br>says Sam Altman to Joe Rogan<br><br>more &amp; more influential people are getting it!🧡 <a href="https://t.co/MTecigWDVb" target="_blank">pic.twitter.com/MTecigWDVb</a></p>— Julian Liniger (@julian_liniger) <a href="https://twitter.com/julian_liniger/status/1710595837770756139?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">October 7, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p><strong>Global currency and the role of tech</strong><br>Altman underlines the necessity for a currency that’s detached from governmental control, emphasizing its significance in the technological hierarchy. This, however, does not dismiss the need for proper oversight. Reflecting on <a href="https://crypto.news/a-tough-year-for-crypto-the-disasters-of-2022/" data-type="link" data-id="https://crypto.news/a-tough-year-for-crypto-the-disasters-of-2022/">recent collapses</a> of prominent crypto firms, the OpenAI chief executive clarified that while he isn’t against regulation, existing measures evidently failed in ensuring safety.</p> 
<p> You might also like: <a href="https://crypto.news/crypto-twitter-marks-worldcoin-as-evil-project/"> Crypto Twitter marks Worldcoin as ‘evil’ project </a> </p> 
<p><strong>Threat of surveillance and regulatory implications</strong><br>Altman expressed fears over an increasing surveillance state, especially with transactions becoming digital. Rogan’s <a href="https://crypto.news/joe-rogan-and-post-malone-criticize-us-cbdc/" data-type="link" data-id="https://crypto.news/joe-rogan-and-post-malone-criticize-us-cbdc/">apprehensions</a> about central bank digital currencies potentially being linked to social credit scores resonated with Altman’s worries.</p> 
<p>Furthermore, the crypto realm has seen intensified scrutiny, evidenced by the SEC’s legal actions against prominent exchanges, signaling a possible clampdown on the sector. Notably, this “assault” perception isn’t isolated, with figures like Galaxy Digital CEO <a href="https://crypto.news/galaxy-digitals-novogratz-eyes-potential-in-bitcoin-etf/" data-type="link" data-id="https://crypto.news/galaxy-digitals-novogratz-eyes-potential-in-bitcoin-etf/">Michael Novogratz</a> vocalizing similar concerns.</p> 
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio">
 <div class="wp-block-embed__wrapper"> <iframe title="Joe Rogan AI Experience Episode #001  - Sam Altman - CEO of OPEN AI" width="1020" height="574" src="https://www.youtube.com/embed/meu0CoYv3z8?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe> 
 </div>
</figure> 
<p><strong>Worldcoin innovations and controversies</strong><br>While Worldcoin strives for global <a href="https://crypto.news/worldcoin-records-verifications-every-8-seconds-despite-suggested-fallen-interest/" data-type="link" data-id="https://crypto.news/worldcoin-records-verifications-every-8-seconds-despite-suggested-fallen-interest/">crypto adoption</a>, it hasn’t been exempt from controversy. Its unique iris-scanning verification process has stirred privacy debates. Despite Worldcoin’s assurances about non-storage of data post-scan, concerns persisted, leading to suspension and investigation in countries like Kenya and Argentina.</p> 
<p> Read more: <a href="https://crypto.news/vitalik-buterin-reflects-on-worldcoins-proof-of-humanity/"> Vitalik Buterin reflects on Worldcoin’s proof-of-humanity </a> </p>

Sam Altman speaks on Joe Rogan’s Podcast about crypto innovation and regulation

crypto.news

Other articles published on Oct 9, 2023

Bancor’s BNT Soars with Strong Rally: What’s Behind the Surge?

Bitcoin Cash (BCH) Price Analysis: Why Did BCH Coin Fall?

Analysts of a Giant Crypto Exchange Answer the “Will Volatility Surge in Bitcoin?” Question

Microsoft AI Reveals Its Top Crypto Picks: Theta Network (THETA), Everlodge (ELDG), The Sandbox (...

This Bitcoin Exchange Has Experienced 160 Thousand Hack Attempts!

TG.Casino Token Presale Passes $500k Milestone with Upcoming Telegram-Powered Platform

Join our free newsletter for daily crypto updates!