Original Gangsters with a Real Vision of Money

Preparing for CoinGeek 2020… February 19, 2020 UNSUBSCRIBE | ARCHIVES QUICK VIDEO: How To Play the 7-day Stock Market Glitch Look over James Altucher's shoulder as he places a simple trade in the morning… Then cashes out a week later with $7,250! How? His new software spits out new moneymaking trade ideas week after week. Watch this crazy demonstration now before it comes down TOMORROW MORNING. [Click here to view clip.] Original Gangsters with a Real Vision of Money Dear Daily Prophecy Reader, Laden with my Vanity Fair laurels as "Hollywood's Original Gangster Futurist" (I owe the coinage to Rapper Ice-T), I am bringing my show to London where I will keynote and fireside-chat at CoinGeek 2020. Here I will preen and prophesize with "Satoshi" Craig Wright, the Original Gangster CoinGeek who is running the conference after launching a new release of his "Bitcoin Satoshi Version" on February 4. BSV brilliantly solves most of the scaling problems and feature defects of the original bitcoin and confirms Satoshi's genius. It's altogether a gas, this trip, laced with CO2, crypto, Starbucks caffeine, elliptical curve hashing algorithms, Four Season's panache, Merkle Trees, Old Vine Zin, and the Tower of London outside the window of my suite. I am preparing to explain the role of Satoshi's blockchain invention as a "unity" addressing both sides of the two-fold crisis of the world economy: the collapse of internet security and the scandal of money. The sure sign of a failed paradigm: the more money you spend the worse the results. With estimated breaches of some eight million items of personal data in 2019, up from one million in 2018, the internet security paradigm is entirely broken. We spend some 20% more on internet security every year, while the hacks and breaches become more brazen and voluminous. The result is we cannot trust anyone or anything on the net, even the servers and switches, Facebook timelines, Google searches, facial recognition, Amazon cloud services, and Border Gateway Protocol shuffles. We are putting all the sleazy slant-eyed backdoor routers from Huawei on the "entities list" along with poison gas and weapons of mass destruction (though Huawei gear is full of American chips and is based on US standards). The Scandal of Money We are breaking up the internet into national and corporate walled gardens. We are sicicng the Federal Trade Commission (FTC) and Justice Department beadles against all our leading tech companies, from Google to Amazon. 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. If You Use Apps, a Smartphone or Online Banking… You'd better read this. Because, says world-famous futurist George Gilder, we're headed for a stunning $16.8 trillion reboot that could impact the way you use every single one of those modern tools. It could also radically transform the way you get paid, the way you save and — maybe most of all — the way you invest for retirement. It's all in his brand-new presentation — you'll find it at this link. What you'll see could change our way of life, the way microchips did. The way the internet did. The way smartphones have. And, says George, it could make you exceedingly rich — click here to see why. Meanwhile, the scandal of money becomes ever more outrageous. Every three years, the Bank for International Settlements (BIS) totes up the damage. In its Triennial Survey of 2016, it reported total daily foreign exchange trading (net of redundancies) at $5.1 trillion. This was some 25 times all global GDP and some 70 times all trade in goods and services. In its 2019 survey, released in December, BIS reported that the daily level of currency trading has increased some 30% in three years, to $6.6 trillion every 24 hours. I call it the hypertrophy of finance, the fiasco of floating monies. Out of it we don't get more efficient and seamless international transactions. What we get are trade wars and monetary conflicts. It's a scandal. Preparing for my speech on Thursday, I returned to Life After Google and its "10 Laws of the Cryptocosm." Then I compared it to Kevin Werbach's excellent exploration of the techno-legal complexities of blockchains. Entitled The Blockchain and the New Architecture of Trust, Werbach's 2018 book reflects his consulting at the Supernova group and the Federal Communications Commission. Summing up Werbach's and my insights, I will distill a series of 10 key blockchain rules to remember for 2020: Blockchain offers four key architectural benefits: decentralization, shared view of truth, collaboration across boundaries, and direct value exchange through tokens. Blockchain are organizationally decentralized but logically centralized — with one view or state. The key to decentralization: no one entity is indispensable to its functionality. A central point of control is a central point of failure. A centralized system such as Visa or Mastercard becomes more insecure the more nodes it creates (because each additional node is a potential attack vector). A decentralized blockchain system becomes more secure the more nodes it has (because each additional node adds stability to the consensus). Bet against the large firm consortia attempting to create establishment blockchain and distributed ledger technology. The larger the firm the more projects it can launch with no real commitment to their success. The internet separates the data structure (IP) from the traffic management layer (TCP). As long as the spanning (network) layer of the internet lies below the transactions and trust layer, trust will be a force for centralized control in banks and governments. Look to the blockchain as a new spanning layer for the internet, putting the trust and transactions layer below the network layer. On a blockchain, recording each individual transaction takes longer, but recording the overall ground state consensus is far faster — accomplished through a synchronized global process rather than through myriad small and separate transactions. The new architecture for the internet and the world economy, fixing the porous internet and Ponzi money, is the blockchain. The new blockchain architecture for the internet combines public key addresses and private key identities and transactions. The new architecture for world finance can accommodates entrepreneurs around the world. It is a bottoms-up structure that provides a new foundation for world commerce and personal data. Let us hope that CoinGeek 2020 achieves its goal. But remember that Craig Wright and I are both original gangsters and each of us have a personal vision of real money. I hope we will have some illuminating exchanges and prophecies on the nature of 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. Regards, George Gilder Editor, Gilder's Daily Prophecy P.S. My colleague and computer genius James Altucher has his own real vision of money, he developed a system that extensive back testing showed profits of up to $4,946 every week. He even created a brief 90-second demonstration to show you exactly how you can benefit from it. Click here to watch. The Mysterious Retirement Benefits Book That's Changing Lives… Inside THIS MYSTERIOUS BOOK, you'll find 100 life-changing ways to maximize your retirement benefits… These folks have already read it and shared their stories online: $50,000 in Benefits… Just Like That! "Told us exactly how to get over $50,000 more in the first 4 years of my wife receiving her benefits. And 32% more every year thereafter." — Don T. My Wife and I Got $17,000 Right Off the Bat! "Excellent book! Making my wife and I almost $17,000 right off the bat and increasing our retirement income by well over a third. Purchase of this book was my biggest and best investment ever!" — Rick M. Added Over $1,000 to My Monthly Payment! "Told my friend who has just reached her retirement age about the spousal benefit… but is now able to add over $1,000 a month to her payment. People just are not aware of this, and everyone should be. I am so grateful to the person who recommended this book to me!!" — Andreas I. Click here to learn how to claim your copy now while they last. To end your Gilder's Daily Prophecy e-mail subscription and associated external offers sent from Gilder's Daily Prophecy, click here to unsubscribe. If you are having trouble receiving your Gilder's Daily Prophecy subscription, you can ensure its arrival in your mailbox by whitelisting Gilder's Daily Prophecy. Gilder's Daily Prophecy is committed to protecting and respecting your privacy. Please read our Privacy Statement. Gilder Press, a division of Laissez Faire Books, LLC. 808 Saint Paul Street, Baltimore MD 21202. Nothing in this e-mail should be considered personalized financial advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized financial advice. We expressly forbid our writers from having a financial interest in any security recommended to our readers. All of our employees and agents must wait 24 hours after online publication or 72 hours after the mailing of a printed-only publication prior to following an initial recommendation. Any investments recommended in this letter should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. © 2020 Gilder Press, a division of Laissez Faire Books, LLC. All Rights Reserved. Protected by copyright laws of the United States and international treaties. This newsletter may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of Gilder Press, a division of Laissez Faire Books, LLC. EMAIL REFERENCE ID: 401GDPED01