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Chess legend Garry Kasparov on the potential of crypto and artificial intelligence

The market is always moving fast. Much of these movements can be noise, distractions from what really matters. It’s easy to say that like chess, investing is in thinking a few steps ahead, but it’s an even more open, fluctuating framework so forward thinking is only the first step.

Garry Kasparov is arguably the greatest chess player of all time, a long-time world champion who embarked on a career in political activism. He’s also a cryptocurrency bull that is just getting his first NFTCollection has published. He came to Investing.com this week to talk about it, including why crypto is getting his attention right now. We also looked at whether NFTs have staying power and what in crypto will stand the test of time. And given his background and spelling, I couldn’t help but ask him about artificial intelligence as well.

You can find the full interview here. We attach videos of the three parts of the interview as well as excerpts from the transcript. The transcript has been edited for brevity and clarity.

This is what awaits you in this article

Part 1: Why Garry Kasparov is interested in crypto

Investing.com: Why are you interested in crypto right now? What made you do it?

Garry Kasparov: From the beginning I was very interested in technology … Of course I played Deep Blue twice, won the first and lost the second. I always wanted to have my finger on the pulse. I think it’s important to explain why I do things like NFTs.

Make a difference: that has always been my motto in chess. And I thought, how about changing something elsewhere. I’ve written several books and one of them was Deep Thinking: Where machine intelligence ends and human creativity begins. It’s about my personal experiences with machines, but also about people and computers in general.

So, with that in mind, it’s no surprise that I look at crypto at NFTs as one of the by-products of crypto to find out what it’s all about.

And I have to say, there was another entry for me in the world of crypto. I’ve been chairman of a human rights foundation since 2012 … Our signature event is called the Oslo Freedom Forum. This is the largest gathering of dissidents and human rights activists from around the world. From Moscow to Venezuela, from Belarus to Zimbabwe. You will find the greatest people with great stories. Our organization has been very active … (including) helping them fund it. And what kind of funding do you use in countries like Venezuela?

I believe in the future of crypto, I believe this is how we can move forward. Our life is becoming more and more digital. It goes without saying that the means to support this life will also become digital.

And for those who say yes but are fleeting, and there are so many coins, it’s full of scams, I say yes! As with any new business, it’s a big deal.

When you have new industries, new breakthrough ideas, and so many scams, 99.9% goes away. You had the dotcom crash, but that doesn’t mean the internet was wrong

Part 2: Crypto’s place in our geopolitical climate

IC: It’s hard to part with any political aspect of crypto. What do you think of the role of crypto in our geopolitical landscape?

GK: Yes. You cannot isolate yourself from the political complications in the world and whatever happens in the free world, elections and promises and debates. Or what happens in the unfree world, like when dictators now decide that it is time to ban crypto.

But again, all of this adds to my previous reasoning. The digital world, the globalized world, will offer the individual more opportunities through decentralization. Ultimately, it’s about our trust.

If there are enough people in the world who are apologizing, we have to move elsewhere, it will happen. The dollar is weak. The dollar is a reserve currency only because other currencies are worse. So it’s all relative. It’s not 1944, for God’s sake. That’s 2021.

America is no longer the dominant force it was at the end of World War II. So America can fund its welfare programs, the government, by adding debt because the dollar is still dominant. But its dominance is only guaranteed by the weakness of others.

I think long term, and again I’m not a financial expert, it’s more of a philosophical point of view. I think in the next 10 years the dollar will likely be replaced by a basket of cryptos. It’s about history, I’ve read enough history books to spot the trends. I’ve analyzed the trends and think that the demand for individual protection will be great as decentralization becomes the buzzword. People want to make sure that we control our lives.

Part 3: The Challenges of AI Growth

IC: You are known for the Kasparov Principle, which essentially states that people plus machines plus superior processes are just people who are just machines. Where do you see this being used in the world?

GK: Look, first of all I have to say that I always take my position against these doomsday predictors who foretell the end of humanity. Because you have all of these terminators and matrices, and God knows what, that are sweeping us away.

Machines have made us stronger in the past, made us faster. Smart machines will make us smarter. I think it’s about promotion, not elimination. But we need to know how to use it effectively. The idea of ​​Kasparov’s Principle is that when we look at each problem, the machine does most of the work. We have to recognize that we belong to the last decimal places.

No matter how powerful AI is, there are still limitations on machines. Machines will dominate any closed system. Every closed framework, every game, chess, Go, Shogi, Texas Hold’em, Poker, Starcraft. The moment you do that, bingo, the machine will do a better job. But machines cannot transfer data from one closed system to another closed system. If you teach the computer to play one Starcraft card, and then use that knowledge on another Starcraft card with similar characters, you will have to start from scratch unless you have someone who can actually pass the knowledge on.

IC: You’ve heard the saying that data is the new oil. And when you think of the companies that have the most data and power, talk about Google (NASDAQ :), Amazon (NASDAQ :), Microsoft (NASDAQ :), just these giants. Are there risks to the world’s Facebooks dominating AI development that go well beyond what governments can do?

GK: For the past five years, I’ve worked with Avast software as a security ambassador. So I’ve written dozens of essays on privacy and security.

The simple message is: when you generate data, someone is collecting it. This is something that people don’t realize, you can’t avoid collecting your data because it’s there somewhere.

The question now is what happens to this data. And you talked about Google and Facebook (NASDAQ :). That’s a story, but don’t forget that you have undemocratic countries where the data is collected without GDPR protection.

And you are right. Data is the new oil. I would say it’s more like fuel. But you still need a good engine. The problem for many companies in America and Europe now is that they do not have the same access to raw data as Chinese companies. So I think that the GDPR, with all of its benefits, has also created barriers to the growth of the AI ​​industries in the free world because it puts them in a very disadvantaged position.

As for the Googles and Facebooks of this world, I’ve seen them very critically. I’m not sure if just doing what Americans did to Standard Oil 110 years ago is enough, but that’s something we should consider.

I think one of the problems, and I’ll refer back to my articles, is that there is a triangle. You have the government, you have big tech, and you have the public, and they will all be interconnected. I think the relationships within this triangle are so complex.

And unfortunately I believe that with all this big talk, the public has not yet understood what we are asking. Yes, it’s okay to say, “We need more security.” But when I work with Avast, I know that the most popular password is still 12345678. And the second is 123456789. Thank you very much! What do you expect if you don’t follow the elementary rules? Anyone else, a sugar daddy, who works for you?

So it’s a big story. And again it’s about compromises. Unfortunately, the public is practically less concerned about these issues. So I think it will take some serious debate before we actually get to that stage.

Investing.com: Last question for you: are you a crypto investor?

GK: Yeah, you know, I put my money where my mouth is.

Investing.com: So what’s in there? You have Bitcoin,, all the biggies that I imagine?

GK: Yes. And I expect this account to grow well!

Disclaimer of liability
Garry Kasparov has positions in Bitcoin and others Cryptocurrencies disclosed. Daniel Shvartsman has no position in any of the aforementioned instruments.

Source: Crypto News Deutsch

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