Cites hashgraph as “Perhaps the most formidable new player”
George Gilder is one of the leading economic and technological thinkers of the past forty years, and the author of 19 books, including what the NY Times calls ‘the guide to capitalism’ - Wealth and Poverty). In his newest book, Life After Google, Gilder tackles “The Fall of Big Data and the Rise of the Blockchain Economy”. In it, he discusses a number of companies and models, but is particularly focused on the Hedera hashgraph platform:
He notes that, “Perhaps the most formidable new player is Hashgraph, launched by a Texas company long in stealth called Swirlds (“shared worlds”). A heralded scheme invented by the mathematician Leemon Baird of Carnegie Mellon, it claims to compete with all blockchains and to be unrelated to blockchain technology…”
Gilder goes on to say, “What Leemon Baird invented is a new consensus mechanism that aims to replace the laborious proof-of-work mining operations of bitcoin and Ethereum and eliminate the incidental forks in their processes….”
“This fast and efficient system may well prevail as the bottom layer of blockchains.”
As the Financial Times explains, the book focuses on “... the evolution of Google from the beginning, and why its system of aggregating huge amounts of data to create adverts will inevitably break down…. Gilder likens the current situation — the dominance of Google, Apple and Facebook — to a time when humans thought the world was flat. Our system is 2D, and we will evolve into a 3D one, as it is unlikely that major issues — such as cyber security and privacy, for example — can be solved within the computer systems and networks we use today. The author believes that the likes of blockchain and bitcoins will fundamentally change the system because their very nature will lead to more widely distributed computer power and commerce.”
About the Author
George Gilder, one of the leading economic and technological thinkers of the past forty years, is the author of nineteen books, including Wealth and Poverty, Life After Television, Knowledge and Power, The Scandal of Money, and Life After Google. He is a founding fellow of the Discovery Institute, where he began his study of information theory, and an influential venture investor. Gilder is also a contributing editor of Forbes magazine and a frequent writer for The Economist, American Spectator, Harvard Business Review, Wall Street Journal, and other publications.