“Even if you have artificial general intelligence, even if you have a superintelligent AI, it cannot actually compute hashes faster than the underlying hardware. There is a thermodynamic limitation there,” Lubka said. “It's like saying, ‘could a car go faster than its engine?’ It doesn't make sense, right? The intelligence of the AI does not give it the ability to go faster than the GPUs it's on, and so in that sense, it means nothing for Bitcoin.
“This network has operated with near perfect uptime for 13 years,” he said. “If somebody could hack it, they would hack it because there's billions of dollars, it's the world's largest honey pot in a sense. If you could get the coins out of Bitcoin and convert them, you're extraordinarily wealthy, but no one has done it. So we have every reason to believe it's secure.
“The thing people don't understand is it's not easy for the SEC to do things, and in many ways it's by design,” he said. “The political philosophy of the U.S. was one of making it very inefficient and the reason the founders and founding American philosophy wanted to make public bodies inefficient was so that somebody couldn't come to power and just unilaterally do whatever they wanted easily. It's hard to do things in the U.S.
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