Reid Walley

Reid Walley's avatar
Reid Walley
reid@reidwalley.com
npub12jat...9mh9
Graphic designer. Bitcoin tees: https://bitcoinoutlaw.com/ (Pay with ⚡️Lightning) Twitter: bitcoin_outlaw Twitter: reidwalley (permanently banned for speaking freely) Matrix: @reidwalley:matrix.org
I recently spoke at the Shanghai Artificial Intelligence Industry Forum These were my major points: • AI and #bitcoin are merging faster than anyone expected. • Bitcoin will create a decentralized economic system. • Robots and AI will work alongside humans. • They'll earn micropayments for their labor and they won’t be accepting dollars or any government currency. • They'll be taking micropayments digitally and will become part of the social economy. As founders, you are best suited to look to the future like this and adjust your startup accordingly. Embrace technology and innovation. – Tim Draper
X (formerly Twitter)
Tim Draper (@TimDraper) on X
I recently spoke at the Shanghai Artificial Intelligence Industry Forum These were my major points: • AI and Bitcoin are merging faster than an...
Yesterday, a pen-and-paper illustrator I met said, "I would never use AI" when I asked them if they used AI to generate their reference art. They'd hand-drawn this really cool horse and landscape scene, so I asked, "Do you see the whole seen in your head and then put it on paper or how did you decide what to draw?" They opened iPhoto on their iPhone, opened an image of a horse, long-pressed on the horse, and an outline magically darted around the horse. Then they copied that outlined horse and pasted it onto a landscape image. And, voilà, their reference art. Easy-peasy. It took all of 60 seconds. Something that we both agreed would have taken mush longer decades ago using Photoshop and manually separating the horse from the background. They were positive they weren't using AI during that horse outlining process. ChatGPT says they definitely *were* using AI when using iPhone's Visual Look Up + Subject Lift (introduced in iOS 16). What struck me is: AI is so embedded in mundane UX tasks, that a person who says "I would never us AI" doesn't realize that AI is saving them a ton of time.
This is why we #Bitcoin I asked Grok the following: Q: Would the economy be better off if there was no central bank (like the Federal Reserve) to interfere? A: No, the economy would likely *not* be better off without a central bank, according to the broad consensus in mainstream economics. Then I asked a followup: Q: Now let’s take a look from the Austrian fixed money POV A: From the Austrian School perspective, particularly emphasizing a fixed or slowly growing money supply (e.g., under a strict commodity standard like gold, where new supply comes only from mining), the economy would be *vastly better off* without a central bank. Central banks are seen as the primary source of economic instability, not a stabilizer. https://x.com/i/grok/share/xnNGBAOyk3x2mhwCswUx8A4hv