Thiel explained his view regarding cryptocurrencies, saying: “…on Bitcoin, so if crypto is libertarian, AI is communist. Everyone thinks crypto is libertarian because you have all these ideas about decentralizing money and things like this. Nobody says AI is communist and that’s because we are sort of more conscious of people with different views like libertarian and we are less conscious of people with collectivist views because that’s more the zeitgeist. But I think…the crypto versus AI dichotomy goes to the sort of question about what’s the future of the computer age going to look like. And is it going to be more centralized or more decentralized.”

“In history we’ve had these very different pictures [of the future]. In the late 60s, the early Star Trek episodes you had one planet they got to where there was one big computer that ran the whole planet for 8,000 years. And the people didn’t have any thoughts. They were all docile, kind of happy. Nothing ever happened and that was what the people thought the future would be in the late 60s. That was in the late 60s when we had centralized big computers. In the late 90s, it was going to be crypto, to be decentralized. The internet was going to split up all these sorts of structures.”

68 was centralized, 98 was decentralized, in 2018 in some ways the pendulum has swung back to centralized. Big governments, big databases that can monitor and survey people and know more about you than you know about yourself. Or things like this sort of creepy, big brother type thing.

Sourced through Scoop.it from: news.bitcoin.com