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20/09/26

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'We have lost control': Crypto pioneer warns AI could trigger systemic banking and infrastructure shocks

'We have lost control': Crypto pioneer warns AI could trigger systemic banking and infrastructure shocks
Default Door Remote - 19 Sep 2026
Marc van der Chijs, an entrepreneur who co-founded then bitcoin miner Hut 8 (HUT), has become increasingly concerned about the technology to which the company has pivoted: artificial intelligence.

“I’ve become more of a doomer over the past week, to be honest,” he told CoinDesk in an interview.

The concern marks a shift for an investor who compares AI’s potential today with bitcoin when he entered the market in 2013. He still expects the technology to transform the economy, but increasingly questions whether humans can retain control over its development.

“We have lost control, actually,” he said. “And until we get the control back, I’m actually worried that we’re moving too fast.”

Van der Chijs’s shift toward a "doomer" outlook mirrors warnings issued by Anthropic CEO Dario Amodei, who urged tech leaders to slow the pace of frontier AI development. Amodei similarly cautioned that rapid progress—driven by AI models recursively improving themselves—risks exceeding human control and causing widespread infrastructure damage.

Both men point to the same structural trap: an intense competitive race between companies and nation-states that penalizes individual restraint, making systemic disruption or catastrophic failure seem almost inevitable before true international guardrails are established.

AI exposing vulnerabilitiesVan der Chihs fears a major disruption, potentially affecting financial systems or critical infrastructure, may be needed before governments cooperate.