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Life After Google: The Fall of Big Data


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Posted 09 October 2018 - 10:35 AM

Life After Google: The Fall of Big Data and the Rise of the Blockchain Economy 

 

The Age of Google, built on big data and machine intelligence, has been an awesome era. But it’s coming to an end. 

 

The crisis is not just economic. Even as advances in artificial intelligence induce delusions of omnipotence and transcendence, Silicon Valley has pretty much given up on security. The Internet firewalls supposedly protecting all those passwords and personal information have proved hopelessly permeable.

 

The crisis cannot be solved within the current computer and network architecture. The future lies with the “cryptocosm”—the new architecture of the blockchain and its derivatives. 

Silicon Valley, long dominated by a few giants, faces a “great unbundling,” which will disperse computer power and commerce and transform the economy and the Internet. 

 

 

 

https://www.amazon.c...fe after google

 


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Posted 09 October 2018 - 11:30 AM


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Posted 17 November 2018 - 07:22 AM

"Modern Financial System Is A Big Keynesian, Magic Money Tree Ponzi Scheme"  

 

Overstock CEO, Patrick Byrne, is a cryptocurrency believer. He believes the modern financial system "is a big Keynesian, magic money tree Ponzi scheme" that will collapse in the coming years and trigger mass adoption of cryptocurrency. 

 

“People turn to it where systems collapse, like Venezuela or Cyprus or Syria. When people start getting into it is when their own financial systems collapse.

 
So yes, given that I think the entire modern financial system is a big Keynesian, magic money tree ponzi scheme, I do expect that the day will come when people turn to crypto. 
 
Now, whether Bitcoin is the one, whether Bitcoin has solved its speed problems or it’s another cryptocurrency, only time will tell," said Byrne.  
 
 
 

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 “What can be asserted without evidence can be dismissed without evidence.”