A Markov enthusiast, Kurzweil maintains that in recognizing patterns, "hierarchical hidden Markov models are a guide to the mind.". Kurzweil calls it a 'singularity', marked by computation over human intelligence.". "Google enlisted in a chiliastic campaign to blend human and machine cognition. I took this to be a backhanded compliment. Gilder devotes a lot of pages refuting Google's head engineer Ray Kurzweil, an "inventor-prophet". Some of it can be attributed to the stream-of-conscious style of writing that felt like a nod and a wink to Gilder's associates and techie followers. Some of it can be chalked up to my own lack of knowledge. I had to go over it a few times, which I prefer not to do. I found some of the technological writing difficult to read and understand, especially when discussing Markov chains. Yet, he is betting against all of them in that a non-Markov model will win, aka, blockchain.
He calls Renaissance the Google-era titan of finance and investing. Gilder also discusses hedge fund Renaissance Technologies, and its stellar performance with a dependence on Markov chain technology. The author takes swipes at the "titans of the cloud" from Amazon to Facebook for using Markov models to predict what customers will do next. Treating the Web as a Markov chain enables Google's search engine to gauge the probability that a particular Web page satisfies your search.". "By every measure, the most widespread, immense and influential of Markov chains today is Google's foundational algorithm, PageRank. Google's entire architecture is dependent upon Markov chain technology. Gilder explains Markov chains, where the outcome of a given experiment can affect the outcome of the next experiment. It's gaining traction, but as an evolution, not a revolution, at least on Main Street. It should be noted that JP Morgan Chase ( JPM) now has the Quorum platform that utilizes blockchain. The Nobel laureate economist and Times columnist Paul Krugman declares it 'evil'." Jamie Dimon, the CEO of JP Morgan Chase, calls it delusional.
"Warren Buffett dismisses bitcoin as a 'mirage'. The most notable cryptocurrency is bitcoin. This is where the distributed network of blockchain comes into play and the cryptocurrencies that accompany it. He goes on the say, "The crisis of the current order in security, privacy, intellectual property, business strategy and technology is fundamental and cannot be solved within the current computer and network architecture.". When credit cards and cash exchanges were introduced, new security regimes become indispensable. Gilder believes that security in the first iteration of the Web was fine because there were no such things as financial transactions. Instead of putting power in the hands of individuals, it has become a porous cloud where all the power and money rise to the top.".
LIFE AFTER LIFE BOOK REVIEWS FULL
This is because, "Under Google's guidance, the Internet is not only full of unwanted ads but fraught with bots and malware. It's Google ( GOOG)( GOOGL) Gilder sets his sights on. The title of the book is Life After Google. Palihapitiya already cashed in some bitcoin and bought the NBA franchise Golden State Warriors. In reality, if blockchain circumvents "big data" and ushers in a new era, Gilder and his bitcoin (NYSEARCA: BTC) buddies such as Peter Thiel, Chamath Palihapitiya and Marc Andreessen, are going to hit the mother lode. It came off like the John Connor character in The Terminator fighting against Skynet and the cyborgs that protect the network. He positions himself as part of the resistance against the Silicon Valley technology giants. Although Gilder is very smart and has a great sense of humor, much of the work was self-serving. Lots of minutia about the structure of semi-conductors, data centers and networks. There was too much fluff in Life After Google, and it read like a mashup of a philosophy book and a technology manual. The former gold bug, now cryptocurrency crusader, was erudite with long winded sentences. I liked a lot of what Gilder had to say, just not the way he said it.
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