Bonnie Blockchain
AI vs Crypto Where the Real Opportunity Is Now|EP66|Haseeb Qureshi |Bonnie Blockchain
It's what is your life with an AI agent going to look like in 10 years?
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AI vs Crypto Where the Real Opportunity Is Now|EP66|Haseeb Qureshi |Bonnie Blockchain
Who knows?
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AI vs Crypto Where the Real Opportunity Is Now|EP66|Haseeb Qureshi |Bonnie Blockchain
Probably it will happen over the next five to 10 years that a lot of altcoins will, you'll see this sort of, this larger and larger divide between the really successful scale projects and the ones that never got to scale.
Bonnie Blockchain
AI vs Crypto Where the Real Opportunity Is Now|EP66|Haseeb Qureshi |Bonnie Blockchain
Now, this is normal, right?
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AI vs Crypto Where the Real Opportunity Is Now|EP66|Haseeb Qureshi |Bonnie Blockchain
I mean, think of social media platforms.
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AI vs Crypto Where the Real Opportunity Is Now|EP66|Haseeb Qureshi |Bonnie Blockchain
Social media, again, was the biggest, most important trend of the last 20 years.
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AI vs Crypto Where the Real Opportunity Is Now|EP66|Haseeb Qureshi |Bonnie Blockchain
If you look at some of the biggest companies in the world, almost all of them are some kind of social media companies.
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AI vs Crypto Where the Real Opportunity Is Now|EP66|Haseeb Qureshi |Bonnie Blockchain
But again, there were almost no new social media companies after 2010.
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AI vs Crypto Where the Real Opportunity Is Now|EP66|Haseeb Qureshi |Bonnie Blockchain
So early on, there were a bunch of them, right?
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AI vs Crypto Where the Real Opportunity Is Now|EP66|Haseeb Qureshi |Bonnie Blockchain
There was, you know, Foursquare and there was, you know, Yelp and MySpace and this and that and blah, blah, blah.
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AI vs Crypto Where the Real Opportunity Is Now|EP66|Haseeb Qureshi |Bonnie Blockchain
And over time, there was consolidation.
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AI vs Crypto Where the Real Opportunity Is Now|EP66|Haseeb Qureshi |Bonnie Blockchain
I think you should expect to see the same thing within crypto, is that there probably is not going to be 400 Layer 1s.
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AI vs Crypto Where the Real Opportunity Is Now|EP66|Haseeb Qureshi |Bonnie Blockchain
There's also not going to be just one Layer 1.
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AI vs Crypto Where the Real Opportunity Is Now|EP66|Haseeb Qureshi |Bonnie Blockchain
There's going to be some number of them, the same way that there's Facebook, there's LinkedIn, there's WeChat, there's Instagram.
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AI vs Crypto Where the Real Opportunity Is Now|EP66|Haseeb Qureshi |Bonnie Blockchain
So there are genuinely different modalities.
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AI vs Crypto Where the Real Opportunity Is Now|EP66|Haseeb Qureshi |Bonnie Blockchain
They serve genuinely different types of use cases, but there's not room for infinite of them.
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AI vs Crypto Where the Real Opportunity Is Now|EP66|Haseeb Qureshi |Bonnie Blockchain
And that is going to change over time as the market matures.
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AI vs Crypto Where the Real Opportunity Is Now|EP66|Haseeb Qureshi |Bonnie Blockchain
But I would say in 10 years, to answer your question, is crypto going to be used for AIs or is it going to be primarily used by humans?
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AI vs Crypto Where the Real Opportunity Is Now|EP66|Haseeb Qureshi |Bonnie Blockchain
I think one of the things that's obvious the more time you spend on it is that humans don't naturally click with crypto.
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AI vs Crypto Where the Real Opportunity Is Now|EP66|Haseeb Qureshi |Bonnie Blockchain
Crypto is really weird for humans.