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). 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 Regards, George Gilder Editor, Gilder's Daily Prophecy [Publisher Note:] Your editor George, who is also called America’s #1 “tech futurist,” came clean about his feelings on 5G stocks. He says that while they’ll go up, there is a better opportunity people are missing out on behind the 5G cloak. George calls it “15G,” since he believes it wields the potential to be 3x more profitable. Click here before tomorrow at midnight to watch this video presentation of George talking more about this opportunity before it is taken offline. |
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