1
2
3
5
8
12
20
33
52
83
133
213
340
543
867
1384
2208
3346
3522
5443
5619
6660
6661
6662
6663
6664
6757
7581
8098
8422
8625
8752
8832
8882
8913
8932
8945
8953
8957
8960
8962
8963
8964
8965
▲
▼
| Link | Quote | Stars | Tags | Author |
| 92f8e22 | In the age of Big Data, the von Neumann bottleneck has philosophical implications. The more knowledge that is put into a von Neumann machine, the bigger and more crowded its memory, the further away its average data address, and the slower its functioning. | George Gilder | ||
| 94b140a | But the most impressive Markov warriors and Siren Servers are not at Google or Amazon or Facebook. They reside at a little-known but astonishingly successful company transforming the world of finance. The real Markovian masters of the universe run a venture in Setauket, Long Island, called Renaissance Technologies. It is the Google-era titan of finance and investment. | George Gilder | ||
| a25de11 | In the United States, unmoored Markovian money can be manipulated at will by the Federal Reserve in the interests of its sponsors in government and their pseudo-private cronies. | George Gilder | ||
| 424dd4a | Devoid of the outside influences of capital and technology, the source of bitcoin value becomes the pure irreversible passage of time. The | George Gilder | ||
| f0cc323 | To the Austrian economics of subjectivity, time provides an objective foundation. | George Gilder | ||
| 20989b8 | Money, like the cosmos, has become relativistic and reversible at will. The three hundred years of Newtonian prosperity having come to an end, the new multiverse seems unable to repeat the miracle of a golden age of capitalism. It is now widely held that citizens are essentially owned by the state on which they depend. Slavery, in the form of servitude to governments, is making a comeback as money transactions become less trustworthy. | George Gilder | ||
| add200a | Traditionally the haven currency was the U.S. dollar, but since early 2018--from Greece to Venezuela, from Argentina to Zimbabwe--the haven has increasingly been bitcoin. | George Gilder | ||
| 778b825 | Egalitarians never seem to understand that promoting economic equality in theory means promoting resentments and polarization in practice, making everyone worse off. --Thomas Sowell (2016) | George Gilder | ||
| 0b9a359 | Back in 1990, the futurist George Gilder demonstrated his prescience when he wrote in his book Microcosm, "The central event of the twentieth century is the overthrow of matter. In technology, economics, and the politics of nations, wealth in the form of physical resources is steadily declining in value and significance. The powers of mind are everywhere ascendant over the brute force of things." Just over twenty years later, in 2011, the v.. | Reid Hoffman | ||
| 7793e69 | The source and root of all monetary evil [is] the government monopoly on the issue and control of money. --Friedrich Hayek | George Gilder | ||
| 3069507 | Whereas Google envisages an era of machine dominance through artificial intelligence, you will rule your machines, and they will serve you as intelligent, willing slaves. You will be the "oracle" that programs your life and dictates to your tools." | George Gilder | ||
| f300f27 | Republicans have been running on tax-cut proposals since the era of Harding and Coolidge. Tax-rate reductions and simplifications are urgently needed. But again, there is no mention of the key problems of a global economy in decline--of the acceptance by economic elites of inevitable and irremediable stagnation. We have not faced the fact that the Federal Reserve's capacity to command growth is a god that has failed. | George Gilder | ||
| 8383393 | Piketty would impose a progressive annual tax on capital. By a static analysis, such a tax might reduce the yield of capital to the rate of GDP expansion and thus eliminate the bias toward top-heavy accumulation by elites. Upholding the secular stagnation theory of permanent growth slowdown, he naturally focuses on depressing the return to capital. Taking money from the rich and giving it to government might seem to address "inequality." Bu.. | George Gilder | ||
| 48f2132 | Warren Buffett summed up the conventional view with his usual pith: "Gold gets dug out of the ground . . . we melt it down, dig another hole, bury it again and pay people to stand around guarding it. . . . Anyone from Mars would be scratching their head."2" | George Gilder | ||
| aa142c0 | President Obama's friend and counselor Ta-Nehisi Coates, from his perch atop the bestseller lists and at the pinnacle of power in America, denounces the American Dream, in terms that echo Obama's previous spiritual guide, Pastor Wright in Chicago, as a "genocidal weight of whiteness." | George Gilder | ||
| 5e1a168 | All entrepreneurial and technological ventures, according to a canonical paper by the productivity theorist Robert Gordon, face the closing of the world's "productivity frontier." | George Gilder | ||
| 35b7ed1 | Even though bitcoin may not, after all, represent the potential for a new gold standard, its underlying technology will unbundle the roles of money. This can finally clarify and enable the necessary distinction between the medium of exchange and the measuring stick. Disaggregated will be all the GAFAM (Google, Apple, Facebook, Amazon, Microsoft conglomerates)--the clouds of concentrated computing and commerce. | George Gilder | ||
| 4fedd86 | Poverty, for example is primarily a matter of prospects and connections. | resources | George Gilder | |
| 334bd6d | Feeding on the air of entitlement of fading upper-class institutions that accomplish "little with a lot" of other people's funds, the Harvard initiative reflected the increasing inebriation of elite American education. Focusing on stopping progress, barring new power plants, dismantling chemical facilities, mobilizing against Israel, and other reactionary pursuits, Ivy institutions are pursuing the fancies of a declining intellectual and bu.. | George Gilder | ||
| 7825591 | When Homo sapiens came along, after all, the Neanderthals had a hard time, and virtually all animals were subdued. The lucky ones became pets, the unlucky lunch. | George Gilder | ||
| 08b1c84 | The intellectuals of this era are simply blind to the reality of consciousness. Consciousness is who we are, how we think, and how we know. | George Gilder | ||
| 57932c9 | The blind spot of AI is that consciousness does not emerge from thought; it is the source of | George Gilder | ||
| b9cffb0 | Thinking is conscious, willful, imaginative, and creative. A computer running at gigahertz speeds and playing a deterministic game like chess or Go is only a machine. | George Gilder | ||
| c30dd93 | Chaitin proved that physical laws alone, for example, could not explain chemistry or biology, because the laws of physics contain drastically less information than do chemical or biological phenomena. | George Gilder | ||
| 288eba6 | In his eighteenth-century system of the world, Newton brought together two themes. Embodied in his calculus and physics, one Newtonian revelation rendered the physical world predictable and measurable. Another, less celebrated, was his key role in establishing a trustworthy gold standard, which made economic valuations as calculable and reliable as the physical dimensions of items in trade. | George Gilder | ||
| 0ab4f10 | Turing showed that just as the uncertainties of physics stem from using electrons and photons to measure themselves, the limitations of computers stem from recursive self-reference. Just as quantum theory fell into self-referential loops of uncertainty because it measured atoms and electrons using instruments composed of atoms and electrons, computer logic could not escape self-referential loops as its own logical structures informed its ow.. | George Gilder | ||
| 5359c0c | Yet I believe the Google system of the world will fail, indeed be swept away in our time (and I am seventy-eight!). It will fail because its every major premise will fail. | George Gilder | ||
| bb78e32 | heaped on the hapless American student to pay for a bloated academic establishment | George Gilder | ||
| 16bb321 | Oil-futures trading has risen by a factor of one hundred in some three decades, from 10 percent of oil output in 1984 to ten times oil output in 2015. Derivatives on real estate are now nine times global GDP. That's not capitalism, that's hypertrophy of finance. | George Gilder | ||
| b22ac3b | Renaissance's Medallion Fund has reportedly averaged a yield of roughly 40 percent every year, through up and down markets, | George Gilder | ||
| fa556cc | after extracting the industry's highest fees--a vertiginous 5 percent of money under management and 44 percent of the profits--the Medallion Fund was said to be up 80 percent. | George Gilder | ||
| 6de4586 | A right word is the most direct route between two minds. | Anu Garg | ||
| 492070f | Google after acquiring intimate knowledge of its technology may make a thousand-fold return over five to seven years. A firm such as Renaissance might make a thousand trades in a day harvesting the tiniest anomalies. With modest leverage and relentless twenty-four-hour trading around the globe, | George Gilder | ||
| d2fd4a3 | Aim at performance, and low cost will follow. Aim at low cost, and you will not achieve sufficient performance to have an enduring business. After a sufficient system is devised, demand will foster economies of scale and learning curves that bring the price down over time. | George Gilder | ||
| bdafda3 | demarche | George Gilder | ||
| 9b375e0 | actual brains, which turn out be much more like sensory processors than logic machines. | George Gilder | ||
| 9e71424 | Google offers to its "customers" is free. Internet searches are free. Email is free. The vast resources of the data centers, costing Google an estimated thirty billion dollars to build, are provided essentially for free. Free is not by accident. If your business plan is to have access to the data of the entire world, then free is an imperative." | George Gilder | ||
| 2c689ae | Alphabet, is worth nearly $800 billion, only about $100 billion less than Apple. How do you get rich by giving things away? Google does it through one of the most ingenious technical schemes in the history of commerce. Page's and Brin's crucial insight was that the existing advertising system, epitomized by Madison Avenue, was linked to the old information economy, led by television, which Google would overthrow. | George Gilder | ||
| dee41b6 | Dmitry Buterin introduced his son to bitcoin, and Robert Russell, now CFO of Luminar, pushed Austin ahead in optics. | George Gilder | ||
| d73b67a | A word in the head is worth two in the book. | Anu Garg | ||
| 5c6e521 | My sister comes on like a box of nails, but her devotion to the mythic is profound. | Leif Enger | ||
| 456956c | Chloe. She, Judy-Moody-not-Stink, was in charge of piles and piles of money and got to dish | Megan McDonald | ||
| 8d3ecf9 | If you speak English, you speak at least a part of more than a hundred languages. | Anu Garg | ||
| 7f7b270 | Stink, | Megan McDonald |