Buterin Donated $763k to Fight Possible AI Rise

Creator of Ethereum donated $763k worth ETH to Machine Intelligence Research Institute
22 February 2018   9103

The non-profit organization Machine Intelligence Research Institute (MIRI), which studies potential hazards of artificial intelligence, published data on donations collected in December last year. As it turned out, 66% of the funds were received in the crypto currency, Bitcoin.com reports.

66% of the funds donated during the campaign were in the cryptocurrency (mostly Bitcoin and Ethereum). The largest transfer came in the end - $ 763,970 in Ether from Vitalik Buterin. This was the third largest donation in the history of the organization after a $ 1.25 million grant from the Open Philanthropy Project in October and $ 1.01 million in Ethereum in May.

It should be noted that the main goal of MIRI is to create a secure artificial intelligence, as well as to study the potential dangers and opportunities that may arise when creating AI. The organization has representative offices in the USA and Canada.

The total amount of MIRI donations in December 2017 was $ 2,515,148 - twice the initial target of $ 1.25 million.

LocalEthereum to be LocalCryptos Now

Exchange's team believes they have advantages over LocalBitcoins, which "looks the same today as it did in 2012"
19 November 2019   116

LocalEthereum's P2P platform changed its name to LocalCryptos to support more cryptocurrencies, starting with bitcoin.

The possibility of buying / selling BTC has already been added, in the near future EOS, DASH and Litecoin (LTC), as well as Ethereum-based tokens are indicated.

According to the statement, the platform has more than 100 thousand users around the world.

With rebranding and the addition of bitcoin trading, the site competes with the popular P2P platform LocalBitcoins, and LocalCryptos believes that they have advantages. They include the non-custodian BTC escrow system and end-to-end message encryption.

Platforms like LocalBitcoins are centralized, custodial, and a far cry from private. These platforms are vulnerable to hacks and thefts like a centralized exchange.
 

LocalCryptos Team

Hackers have stolen several billion dollars from the past, and at least two incidents related to LocalBitcoins traders, the statement said.

LocalCryptos does not store user private keys and declares that it gives them full control over the funds.