Humans seem powerless to resistâ¦
[Gilder's Daily Prophecy]
March 16, 2020
[UNSUBSCRIBE]( | [ARCHIVES](
In the Markets: What should you do about the 'Corona Crash'?
[Corona]( I fear most Americans were blindsided by the recent stock market crash..
While many will run scared, [what you're about to see]( could be the biggest opportunity of your lifetime.
[Click here now to see it.](
And please do NOT share [this video]( with anyone... if it goes viral, there could be consequences.
[Publisherâs Note: When the markets were in turmoil last week, I turned to our expert analysts to shed some light on the massive selloff â as well as mounting fears about the coronavirus. But now that President Trump has officially issued a national emergency, I wanted to approach this next edition of our Emergency Update Series from a different angle. Today youâll hear from former CIA officer Jason Hanson. Jason provides some helpful tips for keeping you and your family safe in crisis situations. To hear what Jason thinks are the top things you should do to prepare, [click here](.]
Isolated from Diseases of the Mind and Body
[George Gilder]Dear Daily Prophecy Reader,
What are we afraid of? In recent weeks, I have been travelling around the globe and observing the rapid emptying of airports.
Does this mean that most people are in a panic over a new form of highly infectious flu?
It called to mind my studies long ago with the great economist and game theorist Thomas Schelling, who won the Nobel Prize in economics in 2005 mostly for his theories of âmicromotives and macrobehavior.â His book by that title showed that such phenomena as empty airports or traffic-jammed freeways or even segregated communities could reflect only the slightest attitudinal causes.
Only small changes in peopleâs minds, oriented in the same direction, can effect massive changes in peopleâs collective behavior. Â
âThough a society can resist epidemics of physical disease,â as I paraphrase philosopher-psychologist Karl Jung in Wealth&Poverty, âit is defenseless against diseases of the mind. Against âpsychic epidemicsâ our laws and medicines and great factories and fortunes are virtually helpless.â
The Materialist Superstition and Blockchain
In recent prophecies, I have been challenging the particular delusion of sophisticated people called the âmaterialist superstition.â This is the belief that wealth and growth reflect the accumulation of scarce material resources that can run out or be exhausted as population grows.
Waste not, want not, is the saversâ austerity creed that expresses the materialist superstition.
Iâve been writing about the opposite view ââwaste it and want notââ the abundance and scarcity paradigm of Caltechâs Carver Mead: âWaste what is abundant in order to save what is scarce.â
An entrepreneur following this idea is Craig Wright, the putative âSatoshiâ of bitcoin fame. He told me at the London CoinGeek conference last month that this rule had inspired him in conceiving the blockchain. He read about âinfinite bandwidthâ in my book Telecosm (2000) and decided to waste abundant bandwidth to achieve security, scarce on the internet.
The blockchain wastes abundant bandwidth and storage transistors to save the scarcities of security and factuality. Copying the blocks across the network and storing them at every node makes the contents of the chain unchangeable by an attack at any particular place. To change the contents, you have the almost impossible challenge of taking over control of the entire network, capturing a majority of nodes: âa 51% attack.â
Key to blockchain is what is called the âgossip protocol,â which follows the now topical technique of viruses. By communicating to its immediate neighbors, it creates an exponential cascade. Gossip takes hashes of every block and chains them peer-to-peer to every node in the network.
Wasted wantonly through the broadcast chain of gossip is bandwidth. And wasted wildly in storing an entire blockchain hash on every node is storage. Beyond bandwidth, storage is by far the fastest growing vector of Mooreâs Law, expanding several times faster even than the blockchain itself.
Thus, a protocol of wasting bandwidth and storage challenges the existing centralized database protocols, which perversely save what is most abundant: bandwidth and storage.
As I wrote in Life After Google, in constant dollars since 1980, the price of processing dropped some 500-fold, the usual Mooreâs Law bounty. But the price of hard-drive storage dropped 250 thousand times or 500 times faster than the price of computer processing.
Satoshiâs goal with the blockchain is to achieve what a database truly seeks: availability, factuality, and security. Ironically, the existing centralized systems sacrifice these goals to a goal of saving on abundant bandwidth and storage through centralization.
That means existing databases waste what is scarce in order to save what is abundant. As Wright saw, that is a bad deal for the world.
Here we see the power of paradigms to guide investment. They can discriminate between genuine innovations and mere renovations based on the previous environment.
The Man Who Predicted the Smartphone Revolution Now Saysâ¦
Another colossal tech phenomenon is coming. And it could change everything about how you live⦠work⦠earn⦠and even save up to retire. Nobody will remain untouched.
Hint: Itâs NOT 5G. Itâs not AI. Or self-driving cars.
Yet, it could still unleash a massive $16.8 trillion impact worldwide. Some will get rich. Others will get left behind.
[Follow this link for details â this is massive.](
Todayâs Prophecy
Over the last couple days, I have had a cold. Under existing conditions, I entertain fears that it is the âvirus.â But so far it is a conventional head cold that has not reached my chest or caused a fever, so I believe I escaped Covid-19 during my recent trips to London and the mid-west and earlier trips across China.
Until just yesterday, moreover, I lived in a house without internet service. So, I was doubly confined, insulated from both diseases of the body and diseases of the mind, which as Karl Jung observed humans seem powerless to resist.
However, mental viruses can spread over the land without person to person exposure, in the form of a new book that arrived on my doorstep from Amazon.
The new book is Dis-United Nations, The Scramble for Power in an Ungoverned World, by Peter Zeihan, and I predict, for what itâs worth, that this book will go viral.
For purposes of this prophecy, I found his shocking and contrarian views of China to be most relevant. Although I donât accept his entire analysis, I do find arresting his critique of Chinaâs catastrophic demographics effected by the famous âone-child policy.â
Imposed in 1976 by the team of Marxist technocrats who followed Mao, the one-child policy was a crude application of the materialist superstition that sees population growth as a burden on the limited physical resources of the planet.
Shared by Marxists and environmentalists and nakedly manifest in the Democratic party in the United States today with its âGreen New Deal,â the materialist superstition impels policymakers to sacrifice human minds and minutes to save material resources.
Zeihan incisively shows the effects of this policy. âAs soon as 2030, China will have four pensioners [retirees] for every two taxpayers for every one child⦠Four decades of depressed birthrates have swapped the children whoâd be the next generation of taxpayers and wage earners for a generation of pensioners who will never again pay into the system.â
He concludes: âChinaâs 2010s boom was really just the beginning of the end.â It was fueled by sacrificing the future.
As I have written, atoms and frequencies are infinite and eternal. What is scarce is human minds and minutes.
In future prophecies, I will show how China might escape its demographic trap through technology. But it wonât be easy.
It will take positive epidemics of the mind, the release of human creativity and learning through the blockchain revitalization of the internet and the world monetary system.
This is an inspirational paradigm for new generations.
Regards,
[George Gilder]
George Gilder
Editor, Gilder's Daily Prophecy
[URGENT: New Trump 2020 Story Developing](
[Trump](The impeachment debacle is over...
Thereâs a much bigger Trump story developing right now behind the scenesâ¦
One that not only could have a direct impact on your financesâ¦
But also decide the fate of the 2020 Presidential election.
[Click here to see the story theyâre not telling you.](
[Gilder Press] 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