| Welcome to New York Here I will preen and prophesy with “Satoshi” Craig Wright, the Original Gangster Coingeek who is running the conference after launching a new release of his “Bitcoin Satoshi Vision.” BSV addresses most of the scaling problems, feature defects and open source forking gaffes of the original Bitcoin as it morphed into manifold quasi-monies. I’ll be judging the finals of a Bitcoin SV hackathon with three luminous new companies that could have been chapters in Life After Google, “connecting the world on one chain.” In Life After Google, I called for micropayments as a remedy for the morass of unwanted Internet advertising. I demanded unique IDs based on public and private crypto keys. And I explained the need for human enablement of machine learning, where all the crucial insights come from the humans defining and preparing the data for AI algorithms. One finalist, KYRT, integrates microtransactions into subscribe events in some two thousand aps, thus obviating the “minuses.” Another finalist, RepZip, puts impregnable identity on chain, linking the physical to the digital world with public and private keys. Then, STOTASK ingeniously addresses the problem of classifying data for machine learning through “metanet” data structuring by humans. It’s will be a gas, this trip, laced with CO2, crypto, masks, Starbucks caffeine, elliptical curve hashing algorithms, panache, Merkle Trees, Old Vine Zin, and New York masked figures outside the window of my suite. As I did in the last Coingeek in London, I will explain the role of Satoshi’s blockchain invention as a “unity” addressing both sides of the twofold crisis of the world economy: the collapse of Internet security and the scandal of money. How can you tell that a paradigm has failed? Kary Mullis would understand. The more money you spend the worse the results. With multiplying billions of breaches amid vastly expanded spending on computer “safety and security,” we cannot trust anyone or anything on the net, even the servers and switches, TikTok temptations, Facebook timelines, WeChat wallets, Biden promises, Google searches, face recognizers, Amazon cloud services, and Border Gateway Protocol shuffles. On the “entities list” with Iranian nukes and biowar pathogens go the slant-eyed backdoor routers from Huawei (though Huawei gear is full of American chips and is based on US standards). Gilder: "This Global 'Reboot' Will Be Great News..." Today’s Prophecy We imagine the threat to our technology is China. But it’s Washington (and Sacramento) that are suing, fining, manipulating and probing our leading corporations into the ground. Meanwhile, money is running wild. Every three years, the Bank for International Settlements (BIS) totes up the damage. In December 2019, BIS reported that the daily level of currency trading has increased some 30% in three years, to $6.6 trillion every 24 hours. That’s some 70 times all the trade in goods and services. Out of it, what we get are trade wars and monetary conflicts. It’s a scandal. The new architecture for the internet and the world economy, fixing the porous internet and Ponzi money, is the blockchain. Even Xi Jinping understands that, believe it or not, and the Chinese are moving way ahead while we condemn Facebook’s Libra as a monopoly threat. Blockchain still can provide a bottoms-up ground state and new foundation for world commerce and personal data. Let us hope that Coingeek 2020 achieves its goal. Craig Wright and I are both original gangsters and each of us have a personal vision of real money. Is it a commodity? Or a measuring stick for all commodities? Is it time or is it trust? That’s a philosophical issue for Coingeek 2020. I believe that as good as the new Bitcoin is for many purposes, it cannot be real money as long as it is capped at 21 million units. Money is tokenized time. It must be immutable as time but also as elastic as the imagination of entrepreneurs and their financiers. Let’s hope we can take the mask off money at Coingeek 2020. Regards, 
George Gilder
Editor, Gilder's Daily Prophecy P.S. While most Americans weren’t looking, President Trump signed H.R. 2881, thereby making it law. In case you don’t know, H.R. 2881 is also known as the “Secure 5G and Beyond Act of 2020.” Between remote work, the lockdown and all the time we’re spending online… the timing couldn’t be better. But here’s the thing… since the signing of this law was overlooked by many, most investors think this new law will trigger another surge in 5G stocks, I disagree. There is something I call “15G,” and it could offer triple the profit potential than the regular 5G sector over the long term. Click here to watch this video of my publisher Doug, one of our top analysts and myself talk more about this opportunity. | 
Dear Daily Prophecy Reader,
To end your Gilder's Daily Prophecy e-mail subscription and associated external offers sent from Gilder's Daily Prophecy, 
No comments:
Post a Comment