Scandalous Money and the Cryptocosm
Before we head into the weekend, I’d like to share one of my recent lectures at the Consensus conference.
There, I was on a panel with Joseph Lubin, co-founder of Ethereum and founder of ConsenSys. We had a conversation detailing scandalous money and the Cryptocosm.
I’ve detailed my thoughts on blockchain and security many times in my Prophecies.
You see, in the current cue ball world, where everything is frictionless and transparently hackable, anonymity rules with its inevitable partner of paranoia. The US thinks it has to keep Chinese eyes and routers away from US IP addresses, which it thinks it owns. At the same time, China is erecting a new great firewall against the rest of the world.
As telecom pioneer Dan Berninger explains, this is all ridiculous. We invented IP addresses to enable wide area communications between computers. Now they are being given to watches and heart monitors, kitchen appliances and treadmills.
But what has been invented by engineers can be replaced by the new inventions of the next generation of engineers.
The cue ball will give way to the Cryptocosm.
The porous pyramid run by monopolies and politicians will succumb to a bottom-up architecture — anchored in the immutable timestamped ledgers of a reinvented blockchain.
Indispensable to an internet of things (IoT), billions of 5G antennas, autonomous cars, global virtual worlds, global money, or international trade and harmony will be an immutable blockchain substrate of trust and security and real identity.
I detail these ideas further in the lecture.
You can click here to watch the video or simply click on the image below.
Editor, Gilder’s Daily Prophecy