Part 3/5:
Garg contrasts the US approach with other countries that have been more welcoming of crypto innovation, providing visas and incentives for crypto companies to establish themselves within their borders. This has led to a situation where the US risks falling behind in this emerging technology, as other nations seize the opportunity.
The core regulatory concern, according to Garg, is the philosophical question of who gets to control these decentralized networks. Governments and traditional institutions are grappling with the idea of not being able to easily "call the CEO" and dictate the rules, as they can with more centralized tech companies.
The AI Revolution and the Future of Work
Garg also discusses the ongoing AI revolution and its potential impact on the job market. He believes that within the next 2-3 years, AI will be able to outperform humans in a significant portion of white-collar tasks, from data entry to financial analysis.
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