Bitcoin can bring ’cause and effect into cyberspace’, enhance security – Michael Saylor

Michael Saylor, executive chairman of MicroStrategy, said during a recent event that bitcoin could be the answer to countering cyber security threats driven by artificial intelligence, such as deepfakes. Interview With Kitco News.

Saylor illustrated his ideas using social media accounts created by robots as examples. According to him, billions of fake accounts are behind a digital “civil war” in today’s society, promoting hatred between real users of digital platforms.

“The risk in cyberspace is that I could spread a billion fake people, and I could create a civil war by making fake Republicans hate fake Democrats, or real Democrats. Fake Democrats hate real Republicans,” said Technical. Officials were discussing how artificial intelligence and other next-generation technologies will make deepfakes cheaper and harder to detect.

According to Saylor, who has over 3 million Twitter followers, he receives about 2,000 fake followers every day. “I saw literally in a matter of an hour, 1500 bot accounts got cleared from my account, and they were bots. So, we can’t live with that situation anymore,” he continued. The executive believes that the solution to deepfakes and other digital trust issues lies in decentralized identity (DID).

A decentralized identity is a self-owned, independent identity that enables trusted data exchange. In other words, it is a way to verify and control one’s online identity and personal information.

“If someone wants to launch a billion Twitter bots, it’s going to cost them a billion transactions (…). By combining the power of cryptography with the power of a decentralized crypto network like bitcoin, we can reduce the cost and consequences in cyberspace.” can bring,” he explained.

Saylor’s Microstrategy is one of the companies working on encrypted signatures for social users and corporate solutions. Sam Altman, CEO of Open AI, is also developing technology for proof of personality with his crypto project, WorldCoin. To build the decentralized identity tool, the company completed a $115 million funding round last week.

Similarly, layer-2 protocol Polygon launched a decentralized identity solution in March. Powered by Zero-Knowledge Proof (ZK Proof), it uses cryptographic techniques to allow users to verify their identity online without passing on their sensitive information or potentially storing it with a third party. The product came out about a year after its development was announced.

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