Yeah, Gilder likes to show off his “techiness.” However, the main point I got (and I sent it to my tech guy who read it in minutes and had a detailed report) is that
*free ain’t free. We are increasingly paying with our time to do countless passwords, security clues, and then watch a ridiculous amount of ads to get the “free” stuff.
*As in anything, a top-down system is less likely ultimately to be as effective as a bottom up system. It will have advantages in the beginning-—like Nazi Germany-—but peter out when the “masses” get going.
*(for Gilder) the key is to correctly monetize everything.
The part that confuses me is exactly how this is going to be accomplished. I’m still trying to understand what blockchain is and how it works.