Big Tech Calling For A Pause On AI Sounds A Lot Like Central Banks Shrieking About Bitcoin

The author argues that although digital life is full of disruption, some people are able to take advantage of it while others are not.

I'm not going to disrupt you, but you can.

Central banks have been warning about Bitcoin and cryptocurrency for years. They've sounded the alarm over the dangers they pose to the financial system and the global climate. At one point, it was predicted that Bitcoin would consume the entire electricity supply.

All available energy

In the World

By 2020


Fact check: It didn't

It doesn't matter that, under the leadership of central banks, for decades, the financial system has been thrown from crisis to crisis, each one worse than the previous.

In response to every crisis, the policy responses (expanding credit, suppressing interest rates, printing money) created moral hazard and perverse incentives. This led to a widening of the wealth gap, while setting up the next crisis. It's always interesting to hear these technocrats who have no skin in the game pontificate about the meltdowns that they caused. They get all worked up about the dangers of a phenomenon which has been around for decades.

They have become obsolete


Big Tech is next:

AI is causing 'risks' to society and a call for a pause. People who have benefited the most from disruptive technology, despite the collateral damage and became the richest people in history in the process, are now looking at AI in the rabble's hands and there is a flag in the play.

It's creative destruction when these tech oligarchs destroy entire industries, and replace them by quasi-monopolies where they are majority shareholders. #LearnToCode, baby.

If a game-changing technology suddenly makes its way to the masses, and the incumbents in Big Tech realize that it could be a threat

You can also read about how to get started.

.... Then, we suddenly find ourselves looking at a criminal act against humanity.

Open letter on The Future of Life

Everyone from Elon Musk ('self-driving roboticaxis any moment now') to Steve Wozniak, Yuval Harari ('the plebs' are hackable animals) and other AI experts signed the letter.


Their About Page states that they are a nonprofit organization.

The Future of Life Institute (FOLI) is a non-profit organization funded by individuals and organizations who share the desire to reduce the global catastrophe and existential risks from powerful technologies.


Their listing in

Their entry into the European Transparency Registry

Disclosure of their funding

The Musk Foundation provides 87% of the funding. In terms of the risks associated with powerful technologies, we should remember that Teslas have killed 19 people in their self-driving modes and another 21 as a result when their Teslas exploded due to various crashes.

There are 373 Tesla deaths in the known pool

So far,

Who is the real threat from AI?

I was never convinced that chatGPT was a magical form of artificial intelligence when I first began playing. I've always called AI "Algorithmic Imitation".

It is still a quantum leap in terms of natural language interface. This was a threat to the most vulnerable: Google and all the Adsense-driven 'content websites' whose sole purpose is to manipulate search algorithms.

Microsoft's disastrous attempt to integrate chatGPT, in which they have a major stake, into Bing is a result of Google's panicked rush-job on Bard. (Soon, I will be releasing serialized pieces under the working title "Infernal Algorithmica", which is a technology grimoire that explores the lower circles of pay-per click advertising.

Subscribe to the list

If you're interested in the movie, please let us know when it is released. ).

This is not a new phenomenon. It's the same dynamic as every other disruptive technology innovation. There are accounts in the Decline of The Roman Empire of how the Emperor beheaded the alchemist, who discovered aluminum, when he suspected that the breakthrough innovation could devalue silver. (The story was told by the Roman author Petronius circa 27AD in his novel Satyricon although Pliny The Elder said it might have been an apocryphal account).

The tension between the elites that control the markets and operations of the incumbent technologies and those who are able to disrupt them is not apocryphal.

In '

Why people resist new technologies?

', Calestous Juma writes how

"[Nearly] all debates about new technologies are set in the context of moral values, health risks and environmental safety. Behind these concerns are often deeper socioeconomic considerations that are not acknowledged.

The face-off between the established technological order and new aspirants leads to controversies...perceptions about immediate risks and long-term distribution of benefits influence the intensity of concerns over new technologies'.

The calls for a ban on AI, the banning or over-regulations of cryptos and Bitcoins and inevitable calls to technocratic control are all part of this.

Your energy consumption

You can also find out more about the following:

individual carbon footprint metering

All of them are riffing off the same theme: You're too stupid or infantile to be able to use these technology responsibly. Only The State knows how to solve it. No wonder governments around the world have a goal to ban privacy, cash and other forms of payment.



Musk, Harari, and the ever-increasingly batshit Eliezer Yodkowsky are all promoting a computing power that is so limited it will be a threat to humanity.

Advocating for military bombardment

This is something that all data centers (including those in the US) should be aware of.

Yudkowsky's name has appeared in this publication before. He is the one who believes AI will become a reality.

The extermination will inevitably lead to the extinction of humanity.

I used to have a lawyer that liked to say

You can't blow and snort at the same time.


You can either ride the wave of rapid technological changes to unprecedented living standards, wealth and privileges (which everyone else also enjoys) or you don't. You can't do both.

Subscribe to our Newsletter

Subscribe to the Bombthrower mailing List

You can also follow me on me to receive new articles as soon as they are published. You can follow me on twitter.

on Nostr





My premium letter

The Bitcoin Capitalist


Bitcoin, digital assets and crypto stocks