Is the AI Race, Datacenter construction, and the push to cloud computing a 51% attack on the bitcoin blockchain network by the powers that be?
I was watching a video on a bitcoin lottery device and the video included a brief technical explanation of the blockchain network. One line made me realise that there is an underlying assumption, which, at the time of creation, in 2009, could not have accounted for the global changes and tech trends in terms of compute.
So, I ask;
Is the AI Race, Datacenter construction, and the push to cloud computing a 51% attack on the bitcoin blockchain network by the powers that be?
https://youtu.be/2UM4j1_xEs0?si=4k3Qvh1xoxkUjr_f&t=94
"Whenver there are competing versions of the ledger, the network always trusts the longest chain.
Why does this work?
Because to forge a fraudulent version of the ledger, an attacker would need to produce more computation than all the rest of the network combined.
In practice that would require them controlling more than half of the worlds computing power which is effectively impossible."
The moment he finished this sentence, I was hit with a flash and immediately made the connection to the current push by big tech, building massive, no, collosal AI data-centers, utilising GPUs and Networking, (the same architecture as bitcoin mining) and likewise, the push for consumers to 'rent' everything from the cloud, moving away from individuals posessing their own powerful hardware.
Think "You'll own nothing and be happy" courtesy of the WEF (World Economic Forum).
Now, an open question I pose is, are these two trends in technology and economics actually a concerted attempt to seize control of the majority of the world's compute by a handful of companies, (serving the same, central interests), rivalling the collective masses of indiviudals in terms of compute, thus enabling a '51% attack' on the bitcoin network, and effectively destroying the bitcoin and cryptocurrency ecosystem, and thus the incredible benefits and power they afford to private individuals?
Could the AI hype, indeed be a bubble, and marketing, in service of feeding a massive inflow of investment, ultimately into the construction of datacenters, putting massive GPU compute into the hands of centralised corporate interests, and, once everything is in place, the rug will be pulled, AI will go offline, and a 51% attack on the bitcoin network will occur?
This post is one a bit more technical in nature, and takes seriously the topic involved, so, it might not be for everyone, just those with an understanding in blockchain, bitcoin, and compute.