AI Doomers Warn Extinction Risk as Bitcoin Dips to $74K

AI doomers warn superintelligent systems threaten human extinction. Bitcoin dropped 1.5% to $74,389 on October 10, 2024, per CoinMarketCap. The Crypto Fear & Greed Index fell to 29, signaling extreme fear, per Alternative.me.

Ethereum slid 2.5% to $2,274.70. XRP declined 1.8% to $1.40. These moves reflect tech sector nerves over AI risks.

Geoffrey Hinton Leads AI Doomers' Dire Predictions

Geoffrey Hinton, the "Godfather of AI," left Google in May 2023 to warn freely. In a CBS interview that month, he said, "There is a 10% to 20% chance that AI will lead to extinction of humanity." Hinton forecasts AI surpassing human intelligence in five to 20 years.

Eliezer Yudkowsky, founder of the Machine Intelligence Research Institute, demands a halt to giant AI experiments. His 2023 Time op-ed stated, "The most likely result of building a superhumanly smart AI... is that literally everyone on Earth will die."

Nick Bostrom, director of Oxford's Future of Humanity Institute, detailed misaligned superintelligence in his 2014 book Superintelligence. Yoshua Bengio, a Turing Award winner, signed a 2023 open letter equating AI extinction risks to pandemics and nuclear war.

OpenAI CEO Sam Altman echoed these concerns in his May 2023 congressional testimony.

AI Doomsday Narrative Drives Crypto Volatility

AI doomers' warnings amplify market fears. Bitcoin mirrors the Fear & Greed Index at 29, per Alternative.me on October 10, 2024.

Ethereum's decline underscores ties to tech narratives. Investors view blockchain as a hedge against AI centralization.

Glassnode Hodl Waves metrics show long-term holders accumulating during dips. Analysts report whales added over 5,000 BTC last week.

USDT holds its $1.00 peg. BNB eased 0.4% to $619.94, per CoinMarketCap.

Tech Leaders Unite on AI Existential Risks

Google DeepMind CEO Demis Hassabis pursues alignment research. In a September 2024 Economist interview, he urged, "We need to solve alignment before scaling further."

Max Tegmark, founder of the Future of Life Institute, pushes for AI pauses. He co-signed the 2023 Center for AI Safety statement: "Mitigating the risk of extinction from AI should be a global priority."

Blockchain tools like Chainlink oracles deliver tamper-proof data, resisting AI centralization. Nuclear arms race parallels highlight the stakes.

Blockchain Counters AI Doomers with Decentralization

Projects decentralize AI capabilities. Fetch.ai powers autonomous agents on blockchain. Bittensor rewards decentralized machine learning through its TAO token.

Ethereum's proof-of-stake, since the 2022 Merge, enables scalable decentralized applications. Zero-knowledge proofs in zk-SNARKs on Polygon secure private computations.

Worldcoin verifies humans via iris scans to combat AI impersonation. CoinDesk notes AI-related crypto tokens surged 150% in Q2 2024 during Nvidia's rally.

The EU's MiCA regulates crypto-AI hybrids from 2026. U.S. SEC approved spot ETH ETFs in July 2024, attracting $1.2 billion inflows, per Bloomberg.

Critics Dismiss Hype as Markets Show Resilience

Meta's Yann LeCun rejects extinction fears. His 2024 X post called the idea "plainly absurd."

Bitcoin has endured crises since 2009. BlackRock's IBIT ETF reached $18 billion AUM by October 2024, per ETF.com.

AI doomers boost blockchain's appeal. Markets rebound as decentralized networks challenge AI dominance.

Developers deploy on-chain AI safeguards. Ethereum co-founder Vitalik Buterin blogged in September 2024: "Decentralized AI can distribute power and reduce existential risks."

AI-blockchain convergence will accelerate, blending safeguards with innovation.