"Get Paid Without Working"...Musk Proposes Cryptocurrency-Integrated Model

▲ Elon Musk, Artificial Intelligence (AI), Bitcoin (BTC)/AI generated image

As concerns about mass unemployment due to the spread of artificial intelligence grow, Tesla CEO Elon Musk has proposed a new cryptocurrency-based income distribution model.

According to cryptocurrency media outlet U.Today on April 16 (local time), Musk unveiled the UHI model, an extension of the existing basic income concept, via X (formerly Twitter). The idea is a structure where wealth generated by AI and robots is distributed directly to global citizens, with cryptocurrency technology playing a key infrastructure role.

Musk predicted that humanoid robots like Optimus would drastically reduce production costs. His logic is that a high income distribution would be possible even without inflation, as the rate of production increase outpaces monetary expansion. Labor would transition from a means of survival to a realm of choice, fundamentally changing the economic structure.

This initiative also includes a technical approach to solving trust issues in the AI era. Musk emphasized that cryptographic proof is essential to distinguish between humans and AI. He explained that a cryptocurrency-based identity verification system would be a key means of maintaining trust in a highly automated society.

The role of Bitcoin (BTC) is also being re-evaluated. The perspective is that it can function beyond a traditional inflation-hedge asset to become a store of value and distribution infrastructure. On-chain data could be utilized as a key tool to enable transparent asset distribution.

Meanwhile, Musk's UHI initiative presents a new economic model for redistributing wealth created by technological advancement, highlighting the potential for an expanded role for cryptocurrencies.

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