‘Pro-Crypto’ Peter Thiel Warns Bitcoin “Could Be A Chinese Financial Weapon Against The US”


Zero Hedge: In early 2018, controversial conservative billionaire and PayPal cofounder Peter Thiel said “Crypto is libertarian, AI is communist.”

He was specifically talking about decentralization and centralization.

  • Cryptocurrencies are typically open-source, meaning that anyone with technical ability can contribute. On top of that, anyone disgruntled with a given cryptocurrency’s trajectory can “fork” it, creating a new coin (as we have seen in both bitcoin and ethereum). Cryptocurrencies are also famously designed to be extralegal – beyond the reach of the government – although of course the SEC and the IRS hope to quash that notion.
  • Meanwhile, artificial intelligence relies on the trend that came before it, big data, and big data is gathered by big entities. Historically, communist regimes like the Soviet Union and Maoist China sought to create highly centralized command economies, noted Thiel. A sufficiently powerful AI could realize the bureaucrat’s dream of accurately predicting peasant farmers’ potato yields months in advance from thousands of miles away.

No wonder, then, as the billionaire VC said at the time, “the Chinese Communist Party hates crypto and loves AI.”

Peter Thiel criticizes Google and Apple for being too close to China

Now, three years later, the Palantir co-founder and Facebook board member Peter Thiel joined former Secretary of State Mike Pomeo and former National Security Agency advisor Robert C. O’Brien in a virtual roundtable organized by the Richard Nixon Foundation, to discuss Big Tech’s problematic ties with China. Read More

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