Buterin Douses AI-Induced Price Panic: 'Tiny' Chance for Half-Halving
Crypto commentator Liron Shapira recently warned that artificial intelligence could cause Bitcoin to lose half its value by breaking hashing or proof-of-work. However, Ethereum co-founder Vitalik Buterin disagrees with this assessment.
In response to Shapira's claim, Buterin stated that the probability of AI actually breaking Bitcoin's hashing or proof-of-work is 'tiny'. He further emphasized that a more realistic risk for the cryptocurrency community is the operational challenge of coordinating a security upgrade.
This would likely affect adoption and market confidence, making it a major concern for Bitcoin. According to Buterin, moving the network through a security upgrade is the harder issue, not AI potentially breaking its hashing or proof-of-work.