Three Founders Publishing recently put out a presentation where George Gilder was being interviewed by Doug Hill and the discussion was about something they were referring to as The Cryptocosm.
When I got the email inviting me to check it out, I was eager to see what it was all about because Mr. Gilder has been known to make audacious predictions about the technology sector in his long career spanning decades.
The header reads:
Don’t buy a single crypto – not one – until you’ve watched this…”
“Don’t kick yourself for missing out on bitcoin… what’s coming NEXT could be even more lucrative.
This gives us a pretty solid indication that they were talking about something related to Bitcoin that they believe could even be more lucrative.
If you would like to learn more about this, keep reading this because in this article, I outline what the discussion was really about as well as whether what they were saying is viable.
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George Gilder The Cryptocosm Review
Table of Contents
Introduction to George Gilder The Cryptocosm
George Gilder believes that although Bitcoin has been arguably the most lucrative investment of the past 12 months, people who missed out on it need not worry because there is something called the Cryptocosm that could even be more lucrative.
Logically, the next question you have is: what is the cryptocosm?
The Cryptocosm is a concept that Mr. Gilder has been perpetuating for a while now. He conceptualized it his book, Life After Google: The Fall of Big Data and the Rise of the Blockchain Economy.
The technical definition of the cryptocosm is: a blockchain-based universe that has digital currencies, smart contracts, crypto exchanges and all the supportive services created to handle them. (Not to be confused with The Cryptocosm Show on Redcircle.com where guests talk about blockchain NFT’s, the future of crypto, monero community’s public image, crypto tales, and other subjects.)
In the book description, it reads:
The future lies with the “cryptocosm”—the new architecture of the blockchain and its derivatives. Enabling cryptocurrencies such as bitcoin and ether, NEO and Hashgraph, it will provide the Internet a secure global payments system, ending the aggregate-and-advertise Age of Google.
And from that, we can tell that in his context the Cryptocosm refers to the Blockchain — he also admits this in the presentation if you are patient enough to sit through a couple more minutes.
Blockchain to replace Big Data and Fiat Currency Models
Here, he appears to be echoing what he was talking about in another pitch he released a while back where he was saying that there will be a crypto event called the $16.8 Trillion Reboot that will see the model on which Google and other major tech companies are based on today replaced by something else based on the Blockchain.
“We are entering into a Great Transition or The Great Reset , where in our lifetimes,we will be experiencing the Greatest Transfer of Wealth in the History of Mankind Ten years ago the biggest corporations in the world by market cap were names like Exxon, Walmart and China National Petroleum. Ten years later, the top companies in the world by market cap are Apple, Amazon, Google and Microsoft. I believe that in the next 10 years, there will be a similar turnover.”
The overarching message in the presentation he pushes here is that the ad-based internet model on which powerful tech companies are built on today where they collect personal data (passwords, PINs, first names, and even mother’s maiden names) and store it in silos is not going to last. He says that the viability of the current model has been put to question by the numerous cyber-attacks that have resulted in users’ data being stolen.
He also says that the current fiat-currency-based global financial system is not anchored in reality and that also brings its challenges.
This is why he feels that the Blockchain (or the Cryptocosm as he calls it) will take over because (1) it takes care of the data insecurities because it is immutable, and (2) the currencies based on it — cryptocurrencies like Blockchain — take care of some of the glaring weaknesses of fiat currency.
Blockchain technologies (and artificial intelligence) will change the financial services sector. The next generation of fintech may even do away with individual credit cards — there are financial services companies already working on that.
The next question is, how does he want you to invest in a manner that takes advantage of the rise of a Blockchain economy?
He wants you to invest in companies that own Blockchain-based solutions. In the presentation, he teases three such companies.
The Three Stocks to invest in The Cryptocosm
Although he doesn’t name the three companies directly, he drops a few hints as to what they are all about to entice you to want you to learn more about them. Then you have to sign up for his newsletter to find out more about them.
The first company is building a “blockchain of things” (a subtle nod to the Internet of Things). By this, Gilder means that it is giving numerous items all over the globe digital identities and it is using Radio-Frequency Identification (RFID) to achieve this.
It has already worked with a major East Coast airport to electronically tag luggage for easier tracing and its solutions have helped the US Patent Office to save $1.1 million. It has partnered or is in partnerships with Amazon and Cisco.
The company that matches these clues is Impinj Inc (PI) because it has worked with Cisco and the USPTO.
The second company is in the digital identity and payments industry. It works with banking institutions and has enabled over 4 billion mobile check deposits that total $1.5 trillion. In 2020, its revenue surpassed the $100 million mark for the first time. One of its experts used to work for another company that was bought by Apple in 2016 where he helped build Face ID for the iPhone 10.
The company he is teasing here is Mitek Systems (MITK), a market leader in digital identity verification and mobile capture that uses AI. Its tech has been used to enable people deposit checks using mobile devices. The expert being mentioned there is Stephen Ritter because he was working for a company called Emotient that was acquired by Apple in 2016.
The third company is a transport and logistics outfit that surprised many when it got a seat on the executive board of the Blockchain in Transport Association.
The company that matches that description is Transplace Inc.
Gilder wrote a report titled The Cryptocosm Profit Blueprint: How To Profit From Life After Bitcoin that has the names and details of all the three stocks and you can get it for free if you sign up for his newsletter, Gilder’s Moonshots.
Gilder has talked about the profit opportunity to explore after the bitcoin rally. Bitcoin has been one of the major players in the cryptocurrency industry and it has already driven a massive upsurge throughout the market. It has a market capitalization in excess of $1 trillion (but note that the market cap varies).
Who is George Gilder?
The presentation featured George Gilder. He is a renowned American investor, author, and economist. He is the co-founder of Discovery Institute. The Discovery Institute is a politically conservative non-profit think tank.
George Gilder spent most of his childhood in New York and Massachusetts before he established himself as an enthusiastic advocate for technology and the Internet.
He focused on exploring emerging trends in technology by writing books and editing newsletters like The George Gilder Report. For nearly thirty years, Gilder has explored various topics about economics, education, technology, and social theory.
George Gilder has appeared at numerous conferences, public events, and media outlets.
He is the best-selling author of Wealth and Poverty. In the book, Gilder makes the case for supply-side economics, advocates free-market capitalism, and demonstrates why supply-side economics is a better tool for fighting poverty than government-regulated markets.
This time, he has come up with a new investment strategy where he has proposed that although Bitcoin and other digital currencies are lucrative, there are even better investment opportunities in the crypto world that can offer more profits than the major cryptocurrency players.
Why You Should Care about The Cryptocosm
Gilder believes that the emerging cryptocosm, enabled by blockchain technology will have new security architecture for the internet. This means that the blockchain-based internet will be more secure than the existing internet.
How will it work? The blockchain distributes all the data in the network amongst the participants, offering better security.
Then there are private keys. A private key is akin to an ID. In case of a challenges to the ownership of digital assets, each owner of a private key proves ownership of the unique identity and contents on a public ledger. A private key holder can also prove title to an item of property defined on a digital ledger (this process uses a public key).
Private keys are tools for identification because they cannot be altered. In the new system, private keys are held by individuals and not a central body thus distributing power. Private keys enhance security because every private key has a human interpreter.
What is included in Gilder’s Moonshots?
Should you join Gilder’s Moonshots service, George and his team will share their most valuable insights on the publicly listed stocks at the heart of the Cryptocosm as well as other niche opportunities in the tech sector
In a nutshell, here are the benefits you get when you subscribe to the newsletter…
- 52 issues of Gilder’s Moonshots newsletter
- A copy of Life After Google
- Members’ only briefing titled Undiscovered AI
- Instant access to George’s Moonshots model portfolio
- The chance to join George and the team at the next COSM event
- Access to George’s quarterly Ask Me Anything with George Gilder
Gilder’s Moonshots Subscription Fee
If you join via the link at the end of the presentation, a one-year subscription costs $2,500 rather than the official $5,000.
George Gilder’s Moonshots Refund Policy
The newsletter does not have a refund policy. Here is how George Gilder justifies this:
“That’s [the subscription fee] a very low price for a service of this caliber. And naturally, given the vast amount of high-value research available to you right away, there are no refunds on this offer.
This means that once you sign up for his advisory service, there is no way you can get a refund.
Pros of George Gilder The Cryptocosm
- George Gilder has revealed investment opportunities in the “cryptocosm” that you may not have been aware of.
- If you are looking for general financial advice, Gilder’s Moonshots focuses on the cryptocurrency space. He even has a list of the best stocks to focus on at the moment.
- George Gilder is one of the most experienced investment gurus in the business today. Listening to someone who is as experienced as he is can be helpful.
- You get to subscribe to his newsletter at a discount.
Cons of George Gilder The Cryptocosm
- The subscription is quite costly.
- Gilder’s Moonshots does not have a money-back guarantee.
Is George Gilder The Cryptocosm Legit?
Yes, George Gilder’s The Cryptocosm is a legit presentation.
George talks about investing in the Blockchain, a topic that many other investment gurus have touched over the past few years. He teases a few stocks along the way and that’s all there is to the presentation, besides promoting the newsletter and there is nothing wrong with that.
That being said, since he is promoting a newsletter, take his recommendations with a grain of salt. This means that you should objectively examine his recommendations before you invest.
George Gilder The Cryptocosm Verdict
This presentation was meant to advertise Gilder’s Moonshots, an investment advisory service offered by George Gilder via Three Founders Publishing.
Mr. Gilder talks in gushing terms about the potential of the Blockchain, even implying that it will disrupt the financial establishment (i.e. the big tech companies).
He believes that blockchain technologies as well as cryptocurrencies can revolutionize the whole internet (replace it with a new internet), the global financial system, and even the world.
Therefore, he wants us to invest in companies that are involved with the Blockchain, and he has his preferences.
I will end this by saying that although blockchain has been around for many years, it is still early days with regards to its implementation. Therefore, we will keep seeing analysts urging us to invest in it and that has to do with the fact that it could become a major part of technology, finance, and many other industries.
As you search for companies to invest in, you should find those that will benefit from the growth of Blockchain technology even if it takes longer for this to happen than anticipated.
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