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Book: Life After Google: The Fall of Big Data and the Rise of the Blockchain Economy
Quotes of Book: Life After Google: The Fall of
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  1. George Gilder _ Life After Google: The Fall of

    Dmitry Buterin introduced his son to bitcoin, and Robert Russell, now CFO of Luminar, pushed Austin ahead in optics.
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  2. George Gilder _ Life After Google: The Fall of

    Alphabet, is worth nearly $800 billion, only about $100 billion less than Apple. How do you get rich by giving things away? Google does it through one of the most ingenious technical schemes in the history of commerce. Page's and Brin's crucial insight was that the existing advertising system, epitomized by Madison Avenue, was linked to the old information economy, led by television, which Google would overthrow.
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  3. George Gilder _ Life After Google: The Fall of

    Google offers to its "customers" is free. Internet searches are free. Email is free. The vast resources of the data centers, costing Google an estimated thirty billion dollars to build, are provided essentially for free. Free is not by accident. If your business plan is to have access to the data of the entire world, then free is an imperative.
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  4. George Gilder _ Life After Google: The Fall of

    actual brains, which turn out be much more like sensory processors than logic machines.
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  5. George Gilder _ Life After Google: The Fall of

    Aim at performance, and low cost will follow. Aim at low cost, and you will not achieve sufficient performance to have an enduring business. After a sufficient system is devised, demand will foster economies of scale and learning curves that bring the price down over time."
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  6. George Gilder _ Life After Google: The Fall of

    Google after acquiring intimate knowledge of its technology may make a thousand-fold return over five to seven years. A firm such as Renaissance might make a thousand trades in a day harvesting the tiniest anomalies. With modest leverage and relentless twenty-four-hour trading around the globe,
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  7. George Gilder _ Life After Google: The Fall of

    after extracting the industry's highest fees-a vertiginous 5 percent of money under management and 44 percent of the profits-the Medallion Fund was said to be up 80 percent.
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  8. George Gilder _ Life After Google: The Fall of

    Renaissance's Medallion Fund has reportedly averaged a yield of roughly 40 percent every year, through up and down markets,
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  9. George Gilder _ Life After Google: The Fall of

    Oil-futures trading has risen by a factor of one hundred in some three decades, from 10 percent of oil output in 1984 to ten times oil output in 2015. Derivatives on real estate are now nine times global GDP. That's not capitalism, that's hypertrophy of finance.
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  10. George Gilder _ Life After Google: The Fall of

    heaped on the hapless American student to pay for a bloated academic establishment
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  11. George Gilder _ Life After Google: The Fall of

    Yet I believe the Google system of the world will fail, indeed be swept away in our time {and I am seventy-eight!}. It will fail because its every major premise will fail.
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  12. George Gilder _ Life After Google: The Fall of

    Turing showed that just as the uncertainties of physics stem from using electrons and photons to measure themselves, the limitations of computers stem from recursive self-reference. Just as quantum theory fell into self-referential loops of uncertainty because it measured atoms and electrons using instruments composed of atoms and electrons, computer logic could not escape self-referential loops as its own logical structures informed its own algorithms.12
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