Oct 8: AI Raises New Questions About Crypto Security

Bitcoin has fallen toward $82,000 as Treasury yields remain elevated, Brent crude trades above $100 and the dollar strengthens toward an 18-month high. U.S. spot Bitcoin ETFs recorded approximately $487 million in net outflows Wednesday, while the Federal Reserve's September meeting minutes showed policymakers remain concerned about inflation and expect additional tightening may be necessary this year. Standard Chartered is expanding institutional crypto custody into Singapore, Samsung is bringing USDC transfers directly into Samsung Wallet for eligible U.S. Galaxy users, and Grayscale's Zcash ETF highlights the continued expansion of regulated crypto investment products beyond Bitcoin and Ethereum.Today's biggest technology discussion centers on Ethereum researcher Justin Drake's warning that advances in AI, mathematics and computing could eventually threaten the cryptography securing cryptocurrency wallets. No such break has been demonstrated, but the debate raises important questions about long-term security and whether the industry should begin preparing now. We also look at Orca and Loopscale merging to form Formation, a Solana-based financial infrastructure company targeting AI, robotics, energy and other emerging industries. Plus, a listener question sparks a discussion about AI, free speech, algorithmic control and why locally hosted language models don't fully address concerns about censorship on public platforms.Happy HODLing Hosted on Acast. See acast.com/privacy for more information.