These are the insights from a speech by Wang Feng, prominent Chinese blockchain investor, at Peking University.
I stopped reading at this -
If we get carried away with the technological progress and lose our ability of being productive, we will completely be replaced by machines, and controlled by few monopolists who own the AI systems. With blockhain, humanity will no longer be under the clutches of the robot dominion and will bring about a new prosperity in productivity growth.
None of this is true.
The nature of AI, and the singularity, is that what happens after it begins is completely unpredictable.
Thus the simple alleged cause-and-effect relations in the paragraph are all false.
It gets worse. "Humanity will no longer be under the clutches of the robot dominion?"
Really?