Nick Szabo, a prominent figure in digital scarcity, predicts that AI-driven automation in mining could increase the gold supply, potentially diminishing its value. Szabo highlights Bitcoin's fixed supply of 21 million coins as a safeguard against inflation, positioning it as a more reliable store of value. He also suggests Bitcoin could become a preferred medium for machine-to-machine transactions due to its scarcity and security features.
Nick Szabo: AI to Undermine Gold, Bolster Bitcoin's Value
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