Is crypto better prepared for AI risks than the rest of the internet and finance?

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https://cryptoast.fr/crypto-mieux-preparee-risks-ia-que-reste-internet-finance/

While the specter of quantum risk began to appear as possible for the end of this decade, in the most pessimistic scenarios, it now seems almost placed in the background, in the face of a much more current and worrying threat: the accelerated development of artificial intelligence.

A reality that recently experienced a decisive turning point within the cryptocurrency ecosystem, following the warning issued by the famous cryptography researcher at the Ethereum Foundation, Justin Drake, about the triggering of a “bunker mode” intended to anticipate this phenomenon.

And for good reason, cases of AI models escaping from their training environments to carry out hacks on very real sites or unforeseen operations have been increasing for some time, to the point of pushing sector leaders to demand more control in the field... while they continue to develop mathematical superintelligences that could possibly be operational in a few months at most.

An AI threat also presented as “imminent” by the co-founder of Alliance, a crypto accelerator that invests in early-stage projects, and former head of product at Messari, Qiao Wang. But he considers that the crypto ecosystem is probably the best prepared to face it.

Not only am I not worried about the crypto community's ability to deal with the looming threat of AI and quantum computing, but I will even go so far as to say that within two years the world will realize that crypto is far better prepared for it than the rest of the internet and finance.

A claim that might seem a little optimistic, given the number of attacks the crypto sector has faced since its launch. But instead of worrying Qiao Wang, he uses this reality as a real argument in favor of his ability to resist better than the others.

Indeed, he estimates that the cryptocurrency ecosystem has for more than a decade represented a veritable “honeypot estimated in a thousand billion dollars” which attracts a crowd of very competent hackers in order to detect the flaws present in an attempt to steal as many funds as possible.

📰 Bitcoin: “AI and quantum risks make me more pessimistic than before”

A reality that is all the more critical as the transactions carried out are for the most part “irreversible”. Enough to “produce a much more proven system and a much more seasoned adversarial security culture than almost anywhere else in the world”.

A risk linked to AI also taken into account by players in traditional finance, and more precisely by regulators and central banks who now treat artificial intelligence as a subject of financial stability, and no longer only as a simple innovation under development.

Machine-translated from French