Michael Saylor of MicroStrategy elaborated in an interview on how Bitcoin and other crypto networks can help make digital platforms more secure and prevent various identity scams that occur on them
Executive chairman of MicroStrategy Michael Saylor speaks on stage during Bitcoin Conference 2023 at Miami Beach Convention Center on May 19, 2023 in Miami Beach, Florida. Image: Jason Koerner/Getty Images for Bitcoin Magazine
Executive chairman of MicroStrategy, Michael Saylor has proposed Bitcoin as a potential solution for AI caused cybersecurity issues like deepfakes etc. Sharing the example of robot created social media accounts, Saylor highlighted how in today’s digital world, billions of fake accounts are responsible for spreading hatred among the actual users on these platforms.
MicroStrategy is one of the companies that is currently working on developing encrypted signatures for the purpose of corporate solutions and for social users.
“The risk in cyberspace is I can spin up a billion fake people, and I can create a civil war by having the fake Republicans hate on the fake Democrats, or the real Democrats. Having the fake Democrats hate on the real Republicans," he said while explaining the role of artificial intelligence (AI) and other modern technologies in the rise of deepfakes and other digital crimes which are hard to trace back.
With over three million Twitter followers, Saylor said that nearly 2,000 fake followers get added to his follower base every day. “I literally saw in a matter of one hour, 1500 bot accounts got scrubbed off my account, and they were bots. So, we can no longer live with that status quo,” he continued. According to Saylor, decentralised identities (DIDs) are the perfect solution for the problem of deepfakes and other digital safety problems.
A decentralised identity is one which is independent and self-owned. It facilitates the exchange of data in a secure manner and helps to verify an online identity and personal information.