 and chatbots. He emphasizes the importance of distinguishing between real human users and bots, especially in the context of financial transactions and advertising.){kind=link}
“For the first time in the history of money, we’re able to basically have a financial transaction with anyone who has a laptop or a mobile phone.” – 03:00
Phil George, the Founder of EarnOS, joins Remy Blaire to discuss the heavy presence of bots online and the ongoing efforts to combat this issue through human verification processes. Phil highlights the alarming statistics regarding the prevalence of bots, noting that for every human interaction, there are hundreds of bot interactions, particularly with the rise of large language models (LLMs) and chatbots. He emphasizes the importance of distinguishing between real human users and bots, especially in the context of financial transactions and advertising.
The conversation shifts to the role of stablecoins in human verification. Phil explains how stablecoins can be used to confirm a person’s identity during transactions. By linking Know Your Customer (KYC) processes to digital wallets, it becomes possible to ascertain that a wallet belongs to a verified human, even if their specific identity remains unknown. This capability is increasingly vital as the internet becomes inundated with bot activity.
Remy and Phil then discuss the future of stablecoins and their potential to become the “internet dollar.” Phil emphasizes the unprecedented freedom of movement that stablecoins offer, allowing anyone with internet access to create a wallet and conduct transactions without the traditional barriers imposed by banks. He argues that this minimal friction in financial transactions positions stablecoins to outpace central banks in terms of adoption and usage.