George Gilder: Bitcoin SV is the epitome of the information economy

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Bitcoin SV now has more transactions and more activity than BTC, said George Gilder in his speech at the recent CoinGeek conference in New York.

Gilder also expressed his admiration for Dr Craig Wright, who is the inventor of Bitcoin and the person behind the famous pseudonym Satoshi Nakamoto. Right now, Dr. Wright is about to prove in court that he is indeed Satoshi Nakamoto. Gilder, who has spoken at numerous CoinGeek conferences before, is very clear in his judgment of Dr. Wright:

The original futuristic Bitcoin gangster is of course Craig Wright, says Gilder.

However, the real question is not who Satoshi Nakamoto is, but which blockchain of all the blockchains is actually the best ledger and the best technology for the future world to use and develop.

Friedrich Hayek, one of Austria’s great economists, said: “The root and source of all economic evil is government control of money. If you observe what is going on in the world today through the control of government and the domination of money, you can understand how prophetic Friedrich Hayek was. Not only in his vision for money, but also in his vision for the information economy and the knowledge economy, of which Bitcoin SV is the epitome, says Gilder.

Gilder also raised the question of whether it makes sense for currency trading to be the largest industry in the world, with a staggering volume of $ 8 trillion a day. This is a 50% increase in volume from four years ago. According to Gilder, the results of mindless currency trading are trade wars and currency conflicts, which he sums up as a money scandal.

Additionally, Gilder explained how not only a money scandal is happening right now, but also an internet security scandal. Internet security costs entities more and more, while attack vectors increase with the amount of money spent on security. There is, however, a solution to both scandals, and Gilder says it as it is: the Satoshis blockchain as in Bitcoin SV, the BSV blockchain.

What makes Satoshis’ blockchain so superior to all others is: it has pushed the boundaries! Gilder said.

According to Gilder, we are now entering a so-called time price revolution, which can be enabled by blockchain. At the CoinGeek conference in 2020, Gilder previously described time as the ultimate currency, claiming that wealth is knowledge, growth is learning, money is time and time is what is scarce when all. the rest is plentiful. Just a day before Gilder’s opening speech, Dr. Wright gave his opening speech on the topic of time as a personal experience.

The time price revolution allows you to measure it. You measure progress by reducing the number of hours and minutes that a typical worker has to spend to earn the essential goods and services that support their life (…). We are currently in the middle of a golden age of capitalism! a golden age of plenty, says Gilder.

It’s no surprise that Gilder, with his vast education and decades of experience in economics, recognizes Bitcoin SV the BSV blockchain as the real Bitcoin and the best blockchain.

Almost two years ago, we already discussed why Gilder might end up supporting the BSV blockchain, given that Bitcoin SV and no other blockchain is enabling unprecedented economic growth. With detailed explanations from Gilders of how economies need stability above all else, it made sense for Bitcoin SV to be set in stone as intended by Satoshi Nakamoto in order to create a solid and stable foundation for literally anything that can be. built on Bitcoin.

What you want in economics are predictable laws, predictable political leadership, a spirit of trust that means a contract can be predictable. Property rights, which means that property rights do not change from time to time. That entrepreneurs can launch their creation in a world governed by predictable rules of law (), Gilder said in an interview with the Hoover Institution in 2013.

Translate this into Bitcoin. While BTC and other blockchains have changed a lot over time and continue to change at this point, which also means uncertainty for all entrepreneurs and businesses, Bitcoin SV remains unchanged.

Other blockchains such as BTC are changing and therefore cannot serve as a stable basis for economic growth. This is exactly why the BSV blockchain was designed and kept in stone and will continue to be. Remember what Dr Craig Wright wrote years ago under his pseudonym Satoshi Nakamoto:

The nature of Bitcoin is such that once version 0.1 was released the basic design was set in stone for the rest of its lifespan.

Gilder explains in a few sentences the importance of the Bitcoin SVs set up for economic growth: You must have a ground state. A low entropy medium to support the high entropy, unpredictable creative contributions of entrepreneurs. And what BSV does is provide this low entropy medium for the creativity of entrepreneurs around the world.

Satoshi Nakamoto includes George Gilder.

George Gilder includes Satoshi Nakamoto.

See more interviews with George Glider and Dr. Craig Wright:

Discussion with George Gilder and Dr Craig Wright in October 2020.

Discussion with George Gilder and Dr Craig Wright in March 2020.

Watch George Gilder discuss Dr Craig Wright’s grand vision for the Bitcoin SV blockchain:

New to Bitcoin? Check out the Bitcoin for Beginners section of CoinGeek, the ultimate resource guide to learn more about Bitcoin initially envisioned by Satoshi Nakamoto and the blockchain.

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