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From the Cybersecurity News Desk

Bitcoin May Be The Solution to AI Cybersecurity Threats and Bots.

June 15th, 2023

“By combining the power of cryptography with the power of a decentralized crypto network like Bitcoin, we can bring the cost and consequence into cyberspace,”                               -Michael Saylor, Co-Founder and Executive Chairman of MicroStrategy

Michael Saylor, co-founder and executive chairman of MicroStrategy, believes that Bitcoin could be the answer to combating cybersecurity threats caused by artificial intelligence (AI). Saylor suggests that by leveraging the power of cryptography and a decentralized crypto network like Bitcoin, it is possible to introduce cost and consequences into the digital realm.

He points to social media bots as a prime example, emphasizing that billions of them contribute to a digital “civil war” spreading hatred across platforms. Saylor proposes the use of decentralized identities (DIDs) to tackle cybersecurity threats, suggesting that coupling a Bitcoin-inscribed immutable identity with a Twitter profile could deter the proliferation of bot accounts.

Saylor advocates for the establishment of an “immutable identity” through a public-private key inscribed on a Bitcoin base layer with a transaction. This approach would create integrity in cyberspace and reduce the spread of bot accounts. The pairing of Bitcoin-based identities with Twitter profiles would impose a significant cost on individuals seeking to deploy numerous bots, as the original owner of the public-private key could sanction them. While acknowledging the potential higher cost, Saylor asserts that this mechanism could help mitigate real-life conflicts triggered by AI-driven cybersecurity threats.

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