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Cryptocurrency Exploits Show the Importance of Proactive Policies for AI X-Risk

When technology takes a leap in innovation, such as with cryptocurrency, existing institutions are forced to play catch-up with education and regulations. Cryptocurrency and Web3 enable improved privacy, censorship resistance, fewer intermediaries and data ownership. Unfortunately, an increase in privacy and a decrease in censorship make cryptocurrency and Web3 attractive...

Sep 20, 2022•1

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eSpencer — LessWrong

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Cryptocurrency Exploits Show the Importance of Proactive Policies for AI X-Risk

Sep 20, 2022•1

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1 post

Member for 3 years

Cryptocurrency Exploits Show the Importance of Proactive Policies for AI X-Risk

eSpencer

When technology takes a leap in innovation, such as with cryptocurrency, existing institutions are forced to play catch-up with education and regulations.

Cryptocurrency and Web3 enable improved privacy, censorship resistance, fewer intermediaries and data ownership. Unfortunately, an increase in privacy and a decrease in censorship make cryptocurrency and Web3 attractive ecosystems for malicious actors. Cryptocurrency has made it easier to profit from activities that create suffering (human trafficking, child abuse materials, terrorist financing) by making money laundering more accessible. Additionally, cryptocurrency has made sanctions less effective, allowing certain nation states to effectively avoid sanctions by leveraging the anonymity cryptocurrency provides.

The technology comes first, the regulations come second. Because of the lack of regulations... (read 926 more words →)

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Cryptocurrency Exploits Show the Importance of Proactive Policies for AI X-Risk

eSpencer

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eSpencer

Cryptocurrency Exploits Show the Importance of Proactive Policies for AI X-Risk