Life after Google
George Gilder’s last book proclaims the demise of the world as we know it now, with Google, Amazon, Twitter, Facebook and other giants gone. Blockchain technologies would make Google and others obsolete and beside the point. Gilder’s arguments have elicited several harsh reviews on Good Reads, one of which downright asserting the following: “This was a depressing read. I'm pretty much convinced Gilder is mentally ill”.
Gilder is 79 years old. To write an intelligent and argumentative book about new technologies at such an age is a remarkable feat. The book itself hinges upon the premise that state institutions are evil, free market and libertarian policies are the best and the invisible hand would fix everything and would render the whole society happy and fulfilled. However, if one puts aside Gilder’s ideological preferences and attacks on Google Marxism some points stand out as truly significant, although not always original.
Google and many other semi-monopolist companies offer a great deal of their services for free. By doing so they distort the market, shed their liabilities towards clients and produce inequalities. It is a relevant point mentioned by other authors too. Whether blockchain is a remedy for this problem is not obvious though.
AI is a hype. Computers do not have intelligence and will never achieve it. They may be better than humans in some restricted areas like calculators are better in, for instance, multiplying numbers. Supervised machine learning, however, will never bring about consciousness. And there is little to AI than machine and deep learning.
Online security has become a key question for businesses and leisure related to the Internet. Gilder maintains that the current computer architecture is too archaic and inadequate to make sure that the whole system does not break down. His claim is that blockchain needs to replace the existing architecture to guarantee the continued use of Internet services and secure our online identity.
Fiat money is the past. The future belongs to crypto, as Gilder argues. Here is a short passage from his book:
“The empire might think that Satoshi (inventor of the blockchain based bitcoin) and his followers are on shaky ground, but the emperors and their courtiers should look to their $280 trillion tower of debt, which is beginning to teeter. Their own fortunes may go down with it Government and investors everywhere should welcome the explosion of creativity in crypto, preparing a new financial system of the world for the moment when the fiat currency pinata bursts at last.”
If you are interested in other points Gilder is making you may want to read his book. If you want to share you thoughts on the book please write to us at firstname.lastname@example.org