Opinion by: Zain Jaffer, co-founder of Vungle
Artificial intelligence is the latest frontier in the centralization vs. decentralization battle. As Bitcoin and Ethereum were built to resist government and corporate control, so are crypto AI projects pushing back against Big Tech’s growing dominance over AI models.
The question is: Can they compete, or are they just another layer built on top of the same centralized infrastructure they claim to disrupt?
AI, crypto and the decentralization dilemma
One of the core tenets that drives traditional fans of crypto is decentralization. It directly opposes the US Securities and Exchange Commission’s Howey test, which defines investment contracts as relying on a “common enterprise” and the “efforts of others” for profit. Most securities are tied to centralized corporations, but Bitcoin, Ethereum and other sufficiently decentralized networks are designed to function without a central…
