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Ethereum founder Vitalik Buterin has countered assessments that long-term advancements in artificial intelligence and security technologies could compromise Bitcoin’s security system, leading to a price drop of more than 50% in $BTC. Buterin stated that the Bitcoin network’s fundamental security mechanisms are significantly resilient to such threats.
According to Buterin, potential attacks on Bitcoin’s network layer can be addressed by updating client software and mining pools. Therefore, the network’s current structure is not expected to become completely vulnerable to technological advancements.
Ethereum founder Buterin also stated that the likelihood of Bitcoin’s hash function or Proof-of-Work (PoW) mechanism being seriously compromised is extremely low. He noted that these systems form the basis of Bitcoin’s security model and argued that these mechanisms will continue to play a crucial role in protecting the network in the future.
Buterin specifically stated that he did not agree with the view that artificial intelligence could significantly weaken Bitcoin’s security, leading to a more than 50% drop in the $BTC price over the next two years.
The recent rapid advancements in artificial intelligence have sparked debate about their potential impact on the security of cryptocurrency networks, with some assessments suggesting that advanced AI systems could pose risks to cryptographic security mechanisms.
However, Buterin’s statements suggest that it is unlikely these risks will reach a level that threatens Bitcoin’s fundamental security structure in the short term. According to him, while software and infrastructure updates can be made to counter potential attacks, the complete failure of Bitcoin’s hash function and PoW system is considered highly improbable.
*This is not investment advice.
Source: cryptonews.net