Young Research & Publishing Inc.

Investment Research Since 1978

Disclosure

  • About Us
    • Contributors
    • Archives
    • The Final Richard C. Young’s Intelligence Report
    • You’ve Read The Last Issue of Intelligence Report, Now What?
    • Dick Young’s Research Key: Anecdotal Evidence Gathering
    • Crisis at Vanguard
  • Investment Analysis
    • Bonds
    • Currencies and Gold
    • Dividend Investing
    • ETFs & Funds
    • Investment Strategy
    • Retirement Investing
    • Stocks
    • The Efficient Frontier
  • Investment Counsel
  • Dynamic Maximizers®
  • Retirement Compounders®
  • Free Email Signup
  • Dick Young’s Safe America

Cryptocosm and Life After Google

December 18, 2019 By E.J. Smith

By GreenBelka @ Shutterstock.com

My appreciation for Andy Kessler’s way of thinking began with Wall Street Meat and Running Money. A few years ago I had the opportunity to hear him speak at a Cato 200 gathering in Laguna Beach, CA. I continue to keep up with him through his commentary at the WSJ where, in this piece, he shares some thoughts from another great mind, futurist George Gilder:

My friend the futurist George Gilder outlines a theory in “Life After Google,” his forthcoming book. He suggests that while advertising prices might be correct, the free-service model cannot deliver sustainable growth. Mr. Gilder explains that Google “achieved unprecedented scale by a commitment to ‘free.’ But free flow is not cash flow. It bypasses the entrepreneurial learning that is conveyed through the remorseless messaging of price. Without prices, all that is left to confine consumption is the scarcity of time. Beyond the scores of hours a week for its smartphone customers, time is closing in on Google.”

Google’s centralized architecture also could come under attack from the huge decentralized infrastructure scaling up to mine bitcoins. Even if bitcoin drops below $1,000, the installed glut of global blockchain servers could, Mr. Gilder argues, “marshal a virtual planetary parallel computer that dwarfs the CPU and GPU arrays in Google data centers with their mere millions of servers.”

Mr. Gilder notes: “The cryptocosm can mobilize computer power in volumes that dwarf even the data centers of the leviathans. In this case, the advances in computer science pioneered at Google serve to emancipate the world from Google’s silos.” This may be a way off, but investment implications come sooner than you think.

Read more here.

Originally posted on Yoursurvivalguy.com.

Share this:

  • Email
  • Twitter
  • Facebook

You Might Also Like:

  • Cryptocosm and Life After Google Part II
  • Cryptocosm and Life After Google Part III
  • Cryptocosm and Life After Google Part V
  • Author
  • Recent Posts
E.J. Smith
E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris.

Please get in touch with E.J. at ejsmith@youngresearch.com
Latest posts by E.J. Smith (see all)
  • Your Social Life During the Pandemic and MORE - March 5, 2021
  • Do You Remember When You Purchased Your First Home? - March 4, 2021
  • Richard Young Reports: The Great Money Explosion and Disasters - March 3, 2021

Search Young Research

Most Popular

  • Welcome to the Interest Rate Prediction Business, JACK!
  • Democrats Have a Plan: Don't Get Too Attached to Your Capital Gains
  • Teaching A Family Investment: Warren Buffett’s Annual Letter and You
  • Vanguard Wellesley (VWINX) vs. Wellington (VWELX): Which Fund is Best?
  • Bubble in Tech Stocks Will Cause "Clean Out" in Markets
  • The Power of a Compound Interest Table
  • Richard Young Reports: The Great Money Explosion and Disasters
  • Joel Kotkin: Economic Civil War
  • Depositors in Europe Now Being Charged by Banks
  • The Highest Yielding S&P 500 Stocks

Don’t Miss

Default Risk Among the Many Concerns with Annuities

Risk and Reward: An Efficient Frontier

How to be a Billionaire: Proven Strategies from the Titans of Wealth

Could this Be the Vanguard GNMA Winning Edge?

Cryptocosm and Life After Google

Warning: Avoid Mutual Fund Year End Distributions

Is Gold a Good Long-term Investment?

How to Invest in Gold

Vanguard Wellington (VWELX): The Original Balanced Fund

What is the Best Gold ETF for Investing and Trading?

Procter & Gamble (PG) Stock: The Only True Dividend King

The Dividend King of the North

You’ll Love This if You’re Dreaming of an Active Retirement Life

RSS The Latest at Richardcyoung.com

  • MAP: Track the States With No Mask Mandates
  • Remind Us Why Washington Needs to Spend $1.9 Trillion
  • Your Social Life During the Pandemic and MORE
  • Hidden Agenda: Bill Gates’s Ulterior Motives
  • Does the Left Think Black Kids Are Too Dumb to Learn Math?
  • Secession: Impossible? Not if You Think Locally
  • RIP Bunny Wailer
  • Richard C. Young: How About Joining Us in Key West
  • The Preposterous Fabrication from the Biden Administration
  • Richard Young Reports: The Great Money Explosion and Disasters

About Us

  • About Young Research
  • Archives
  • Contributors

Our Partners

  • Richard C. Young & Co.
  • Richardcyoung.com

Copyright © 2021 | Terms & Conditions

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.