Gratitude is the most empowering attitude for fostering success. No matter what you’re going through, I encourage you to take a few minutes each day to meditate on what you are grateful for.
One personal highlight of this year was when I had the pleasure of participating in a FreedomFest panel with some great minds; George Gilder, author of Life After Google, and Max Borders, author of The Social Singularity.
As an acclaimed futurist and economist, George Gilder is well-qualified to predict the fall of Big Data and the rise of the Blockchain Economy.
I am also inspired when Max Borders explains how decentralization will allow us to transcend politics, create global prosperity, and avoid the robot apocalypse.
We tackled disruptive entrepreneurship in the blockchain space during our discussion panel at FreedomFest 2021 in Rapid City, South Dakota.
The sharks of regulation are out for blood. They have set their sights on cryptocurrency. The CCP has expressed interest in creating its own blockchain. Of recent note in the US is the infrastructure bill that passed, which will require reporting of digital assets to the IRS.
Building an ecosystem independent of the state and central banks is crucial.
Unfortunately, we do not yet have Lex Cryptographia (also called Distributed ledger technology law), a legal system based on cryptography where laws compete in a free market, much like the mercantile laws of old. We have to deal with the world as it is, not as we want it to be.
My fellow panelists proposed varying solutions to the problems at hand.
George Gilder, a co-founder of the Discovery Institute, pointed out that Ethereum supports Distributed Autonomous Organizations, or DAOs, which present an alternative form of governance.
Since credit card processors often block gun dealers, Rob McNealy co-founded TUSC, a specialized cryptocurrency that he believes can solve the payments problem in the firearms industry.
Meanwhile, Ace Fogerson promotes RAIDA, a so-called ‘post blockchain’ tech, aiming to improve network speed and energy efficiency. He claims it cannot be de-platformed as it uses multiple “clouds” in different jurisdictions.
At The Crypto Vigilante (SUBSCRIBE), I often stress the importance of following best practices to protect your privacy in this environment. Your operational security is your responsibility.
Beyond that, we need to encourage entrepreneurship and innovation by targeting Big Tech and leveraging each other’s success. One issue, however, is the risk that the crypto space is becoming a coupon economy where essentially everything has its own token.
Are you ready to download a new wallet for Target Coin, Chevron Coin, Amazon Coin, Whole Foods Coin, and so on? There must be a real solution.
Some people believe Satoshi gave us a way to defeat Big Tech. Can Bitcoin’s original protocol (at scale) solve the problems we have with today’s digital and tech tyranny?
Enjoy the full video here:
Big Tech cannot safeguard Big Data. Proof-of-work solves the Byzantine Generals Problem. To win, we must win in the free market.
As Gilder emphasizes in the video above, the internet does not work the way it should, the world’s money does not work, and many of our systems today are simply broken.
The way out is through providing the market with something better.
How can you help?
P.S. Happy Birthday Jeff Berwick! And Happy Thanksgiving
The Crypto Vigilante (SUBSCRIBE) is the premier financial newsletter specializing in crypto-asset markets. Follow TCV on Rumble, YouTube, Twitter, Facebook, Instagram, Gab, MeWe, Flote, Odysee, and BitChute.