AI will revolutionize DAOs, says former BitMEX CEO Arthur Hayes

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By BitcoinWiki News

Key Takeaways:

– Maelstrom CIO and former BitMEX CEO Arthur Hayes believes that AI-powered DAOs will revolutionize economic entities.
– Traditional company structures are not suitable for AI-driven entities, as they rely on human work ethic and state-enforced contracts.
– AI DAOs will use smart contracts on public blockchains like Ethereum, allowing them to be self-governing and enforce their own rules.
– AI DAOs do not require human intermediaries and can operate independently of state control, with the blockchain ensuring compliance and transparency.
– DAO capital markets will become global markets, with decentralized exchanges dominating the trading of DAO-issued tokens.
– Investors will have real-time access to the financial performance of DAOs, eliminating the need for auditors and intermediaries.
– Hayes predicts that the AI-powered economy will grow into a trillion-dollar market within the next decade.
– He believes that Ethereum will experience a surge in price as demand for blockchains increases with the emergence of AI DAOs.
– Hayes has invested in Aethir, a decentralized cloud network for gaming and AI, through his family office, Maelstrom.
– Earlier, Hayes stated that bitcoin would be the currency of artificial intelligence due to its digital, uncensorable, and scarce properties.


Arthur Hayes, former CEO of BitMEX and current CIO of Maelstrom, believes that AI-powered DAOs (Decentralized Autonomous Organizations) will revolutionize economic entities. Traditional company structures are ill-suited for AI-driven entities that do not rely on human work ethics or enforceable contracts. Hayes argues that state-enforced contracts become futile when applied to AI with no physical bodies to punish or coerce. Instead, AI DAOs will use smart contracts deployed on public blockchains, such as Ethereum, to provide services for a fee and be self-governing. Unlike traditional companies, AI DAOs will not need human intermediaries and can evade state control by using blockchain as the ultimate enforcer of compliance and transparency. Hayes predicts that DAO capital markets will become the first global markets, allowing anyone with an internet connection to trade AI DAO-issued tokens. Decentralized exchanges (DEXs) will dominate the trading of various DAO-issued tokens, and investors will have real-time access to financial performance, eliminating the need for auditors and intermediaries. Hayes believes the future AI-powered economy will grow into a trillion-dollar market within the next decade, leading to a surge in the price of native tokens like Ethereum. Hayes’s family office, Maelstrom, recently participated in a funding round for Aethir, a decentralized cloud network for gaming and AI. Earlier, Hayes stated that bitcoin would be the currency of artificial intelligence.

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