Hayes is interested in the commercial possibilities of AI due of his background in business.
Hayes is of the impression that there will be substantial developments at the interface of AI and cryptocurrencies, notably Bitcoin.
He contends that Bitcoin, owing to its digital form, resilience to censorship, verifiable scarcity, and inherent worth that is connected to the cost of power, will emerge as the preferred money for artificial intelligence.
He contends that artificial intelligence will need a digital payment system that is constantly accessible, fully automated, and open to scrutiny.
He thinks that implementing a blockchain-based system is the only workable answer.
Additionally, Hayes draws attention to the fact that data and processing power—both of which are essentially forms of energy—are the two most crucial resources for artificial intelligence.
Because of this, an AI will need a currency that maintains its power to purchase energy even over extended periods of time.
Hayes goes into great detail to explain why Bitcoin will be the preferred form of payment for machines.
He contrasts the rarity, resistance to digital censorship, and buying power of gold, fiat money, and bitcoin, and finds that bitcoin outperforms the other two in each of these areas.
Last but not least, according to Hayes, the price of Bitcoin might rise sharply in the coming years if the tale of AI loving Bitcoin gets public. According to him, this forecast is predicated on the notion that this story will gain widespread appeal.