Curve founder: Cryptocurrency and AI are both basic technologies and in principle are not competitive relationships

On June 5, Curve founder Michael Egorov issued a document saying that there are a lot of pessimistic remarks about Bitcoin and the crypto market in the current market. The reason is that crypto assets are no longer the market's most preferred direction for the time being, and AI stocks have become the current main line. Encryption is not a "toy"; it is serving its true purpose, which is to provide each user with self-sovereignty and a financial track that is always on and never stops working. Institutions are also adopting infrastructure without cumbersome intermediaries, so fundamentally the encryption industry is in a better shape than ever before. Egorov also said that AI is a basic technology, but it will also experience its own "death valley." It believes that replacing humans with AI will cause AI output to enter AI input, the quality will decline, and the cost of maintaining the system will increase exponentially. Big companies that promote AI everywhere may not use AI correctly and therefore report excessive expenditures. Encryption and AI are both basic technologies, but the two are not the same and are not competing in principle. "Cryptography is the future of finance," it said.