Sorry for the infomercial copy pasta but this book seems Prescient
Life After Google.
This word caught my attention:
Cryptocosm.’
I’m not a fan a lot crypto currencies but the blockchain system is the future of the internet.
https://pro.gilderpress.info/p/GGR_gilderinternetreboot_book_0120/PGGRW225/?clickid=d9vtivq0rjgbis7uh5crbr66&h=true
How long before hackers go after an even bigger prize, say a trillion-dollar heist from America’s banking system?
And how long before you wake up to find your assets frozen… or to news that some hacker in Russia or Singapore has used your name to take out a new mortgage, open a bank account or get a line of credit?
Maybe you also saw General Keith Alexander, former head of the U.S. Cyber Command, who went on 60 Minutes and warned, “I believe that a foreign nation could impact and destroy major portions of our financial system…”
Meanwhile, Russia and China are building “troll armies” to exploit gaping digital holes in today’s social media…
NATO and the Pentagon are running cyberwarfare training scenarios…
Even the CIA, NSA and FBI can’t keep their top-secret files safe in today’s slapdash digital wilderness. So how can you?
And get this, as an American you’re especially vulnerable.
Because 97% of all records stolen originate in the United States.
In today’s digital business model, we’re just not set up for airtight protection.
But it doesn’t have to be that way.
As I say on page 92 of my book…
“Some thousands of companies you’ve never heard of are investing billions in that effort [to fix the lack of security on the internet]. Collectively they will give birth to a new network whose most powerful architectural imperative will be security of transactions… So fundamental will security be to this new system that it’s very name will be derived from it. It will be the cryptocosm…”
If that’s the first time you’re hearing that term — cryptocosm — I’m not surprised.
This Is No Small Revolution
The cryptocosm is what I call this new “system of the world.” As you can guess, it gets its roots in the cryptographic revolution that gave us Bitcoin.
But it’s so much more.
As I reveal on page 467…
“Bitcoin aimed to burst the overstuffed $5.1 trillion daily piñata of modern currencies and unleash a crypto-copia. But the units of account — the monetary measuring sticks — remained in the world of fiat and gold…”
This is why you still see values for cryptocurrencies surging and collapsing, to this day.
Until Wall Street and Main Street both embrace them as true money, that won’t change. But the real miracle, the real innovation, isn’t the financial one.
It’s the underlying technology.
This is the blueprint that’s going to give us the brand-new infrastructures. And it’s going to do so much more than disrupt our money or today’s internet.
As you’ll see in Life After Google, this new place will give us new ways to escape the swamp of overregulation, cut out intermediaries and radically lower costs for doing business.
It’s going to help us free up capital, give power to legions of new entrepreneurs and freely expand wealth creation.
And all of this, with impenetrable privacy at its core.
In short, this was the internet as it always should have been.