MicroStrategy Chairman Michael Saylor believes that the Bitcoin network can be an effective tool for preventing cybersecurity threats, namely the fight against fake social media accounts.
In a recent interview with Kitco News, Michael Saylor touched on cybersecurity and the threats posed by artificial intelligence (AI), including dipfakes.
Saylor cited the use of bots on social networks as an example. According to him, behind the digital “civil war” in today’s society are billions of fake accounts that incite hatred among real users.
Given the rapid development of AI and the emergence of a new generation of technology, making dipfakes is becoming much easier and harder to detect.
“The danger in cyberspace is that I can stamp out a billion fake people and start a civil war by making fake Republicans hate fake or real Democrats, and vice versa,” Saylor reasoned.
So MicroStrategy’s chairman thinks decentralized identity identifiers (DIDs) can solve the problem of dipfakes and trust in the digital space.
He noted that decentralized identification will ensure the reliable and independent exchange of data.
For example, if someone wanted to start a billion bots on Twitter, it would cost them a billion transactions.
By introducing cryptocurrencies into social networks and taking advantage of Bitcoin’s decentralized network, such actions will become very costly and have serious consequences, Saylor concluded.
Michael Saylor recently suggested that it won’t be long before all major banking institutions will inevitably start providing bitcoin storage services.
This will avoid the risks that arise from storing cryptocurrencies on their own.