OpenAI CEO Sam Altman Praises Bitcoin’s Potential for Transparency and Fears CBDC

Sam Altman, the CEO of OpenAI and the creator of Worldcoin, has become an unusual supporter of Bitcoin, the decentralized digital money. Altman praised Bitcoin as a “super logical” advancement on the technical road that offers freedom from governmental authority while battling corruption in a recent interview on “The Joe Rogan Experience” podcast.

Joe Rogan’s interview with Altman saw him gushing about Bitcoin’s possibilities. He underlined the need of having a world currency that is not controlled by any one nation. Altman stated, “I think this idea that we have a global currency that is outside of the control of any government is a super logical and important step on the tech tree.”

Altman’s viewpoint is consistent with the spirit of cryptocurrencies, which enable peer-to-peer transactions without the use of established financial institutions thanks to decentralized networks.

Reducing Corruption Through Digital Transactions

Altman continued by talking on how the move toward a technologically advanced society, which includes Bitcoin, may help to lessen corruption. He emphasized how openness and accountability are impacted by digital payments, stating, “I think that’s like a corruption-reducing thing.”

In essence, Altman thinks that increased openness and the capacity to identify and monitor financial transactions in a digital format might deter criminal activity.

Joe Rogan, the podcast host, shared Altman’s optimism for Bitcoin’s potential to become a “universal viable currency.” He praised Bitcoin’s limited supply and decentralized mining process, which distinguishes it from traditional fiat currencies. Rogan stated, “To me, that’s the one that I think has the most likely possibility of becoming a universal viable currency.”

Altman has been a supporter of Bitcoin for a decade, ever since he said that using Bitcoin will inevitably make the world more transparent and cited it as a powerful instrument against corruption.

Rogan and Altman both voiced concern about central bank digital currencies (CBDCs), highlighting their resistance to this new development. They expressed worry that CBDCs would lead to more governmental monitoring and regulation of people’s financial activity.

Rogan made the point that connecting CBDCs to social credit ratings may have a big impact on people’s freedom and privacy. That scares the [expletive] out of me, he said. The motivation behind such is control, not for society as a whole.

In particular, Altman expressed his dissatisfaction with the regulatory approach taken by the US government toward the cryptocurrency sector, which he referred to as a “war on crypto.” He lamented the nation’s constrictive policy on the development and use of cryptocurrencies.

The discussion around Bitcoin and CBDCs is still developing in a world that is being more molded by digital currencies, with experts like Sam Altman and Joe Rogan offering their opinions.