Tech Visionary George Gilder: “Bitcoin is the Libertarian Solution to the Money Enigma.”




“Bitcoin is a breakthrough in information theory that allows [users] to conduct provable transactions that can’t be changed…without reference to trusted third parties,” says tech visionary and investor George Gilder. “[Bitcoin] is the perfect libertarian solution to the money enigma.”

When Gilder makes tech predictions, it’s worth paying attention. In Microcosm: The Quantum Revolution in Economics and Technology (1989) he described how the silicon chip would usher in a new information age. In TELECOSM: How Infinite Bandwidth will Revolutionize Our World (2000), he predicted the rise of hand-held computers and fiber optics. In Life After Television: The Coming Transformation of Media and American Life (1990), Gilder predicted that “telecomputers” would one day provide a limitless alternative to broadcast television. That was 15 years before the launch of YouTube.

Reason TV’s Nick Gillespie sat down with Gilder to talk about why he thinks Bitcoin is a revolutionary technology. The interview took place at FreedomFest 2014, an annual convention for libertarians held each year in Las Vegas.

Shot and edited by Jim Epstein; additional camera Zach Weissmueller.

About 19:30.

Go to http://Reason.com/reasontv for downloadable versions and subscribe to Reason TV’s YouTube Channel to receive automatic notifications when new material goes live.
Tech Visionary George Gilder: “Bitcoin is the Libertarian Solution to the Money Enigma.”

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25 Responses

  1. Peter Johnson August 12, 2014 / 12:16 pm

    Mwahahaha

  2. Peter Johnson August 12, 2014 / 12:16 pm

    Mwahahaha

  3. mrpoghunter August 12, 2014 / 1:38 pm

    You can not just say learning makes wealth, it is helpful to learn how the
    world works, but this idea that learning will make some utopia is faulty. 

  4. 426LV August 12, 2014 / 1:49 pm

    finally, money that can be used on the internet. it only took us 20 years
    to figure out.

  5. Neavris August 12, 2014 / 2:51 pm

    This guy said:
    “Religion is primary. Unless a culture is aspiring toward the good, the
    true, and the beautiful, and wants the good and the true, really worships
    God, it readily worships Satan. If we turn away from God, our culture
    becomes dominated by “Real Crime Stories” and rap music and other spew…
    When the culture becomes corrupt, then the businesses that serve the
    culture also become corrupt… Secular culture is in general corrupt, and
    degraded, and depraved. Because I don’t believe in secular culture, I think
    parochial schools are the only real schools.”
    And believes in intelligent design and promotes it with his think tank…
    Just so you know the type.

  6. Shawn Jones August 12, 2014 / 3:49 pm

    This anarchism is absurd. Most the people who want this want to live in the
    george jetson star trek future and its a soceity where not much is anon.
    The problem isnt the banks and regulations are bad. Its cause the banks and
    regulators are world jewery and goyim and they have their hands all in each
    other pockets. Its fun to be anti govt as a child but midsized and actually
    REGULATED govt is a staple of all modern advanced (white) soceities and how
    they got there. bitcoin is more hidden in secrecy than the jewish
    mediagovtbanking control. Bitcoin peddlers LIED about asian bitcoin jesus
    the creator of bitcoin. Some think its actualyy another jewish banker. Max
    keiser.

  7. Shawn Jones August 12, 2014 / 3:52 pm

    Bitcoin is like religion. Worship the invisble creator. Dont ask questions.
    Buy today.

  8. Calvin Smith August 12, 2014 / 4:26 pm

    There is no solution only compromises.

  9. SweetLiberty01 August 12, 2014 / 4:28 pm

    I support Bitcoin in principle, but not in practice. On the one
    hand, Bitcoin is a “Libertarian solution” in that it is a largely
    unregulated form of global exchange currency which governments cannot
    manipulate. On the other hand, it fluctuates wildly, has no intrinsic
    value of its own (a trait shared by fiat currencies imposed by central
    banks and politicians), and has no impact on restricting government
    spending or money printing. As long as Bitcoin remains an
    inconsequential threat to government monopoly currencies, they will allow
    it to exist. But the men with guns will shut it down in a heartbeat if it
    ever becomes a nuisance. For those reasons, I’m out. 

  10. Irdial Discs August 12, 2014 / 4:44 pm

    Bitcoin is not anonymous now, but it will be in the future. Judging
    Bitcoin’s future on today’s feature set is a mistake, because every month
    new software is released that strengthens the system.

    Eventually we will get to a BitTorrent situation where the software is
    essentially perfected and works flawlessly protecting people’s identities
    on a global scale, in the billions of users.

  11. Alexander Metz August 12, 2014 / 5:02 pm

    Anyone else have the perception that the interviewer just keeps
    interrupting Gilder over and over? Its SO annoying. Let the guy talk for
    fucks sake!

  12. furyofbongos August 12, 2014 / 6:49 pm

    Theft at gun point (taxation) is not an outrage? 14:10 What does it take to
    outrage you?

  13. BadMouseProductions August 12, 2014 / 7:18 pm

    I do agree with Bitcoin and some of the stuff George says, but ultimately I
    think you also need to be aware that hes a bit of a religious cook. He
    believes you can’t get a good society without Religion and he believes in
    Creationism I believe. Pun.
    So just bare it in mind.

  14. Eero Haapala August 12, 2014 / 8:03 pm

    Why are faux-libertarian sites always advertising gold, un-regulated
    supplement pills, bitcoin & survival kits?
    Professional grifters. 

  15. MWCstream August 12, 2014 / 8:53 pm

    Yep, they will shut bitcoin down, just like they shutdown Bittorrent, Oh
    wait nevermind, They were never able to shutdown bittorrent.

  16. SanFranciscoLiberal August 12, 2014 / 9:13 pm

    Bitcoin is a racist form of currency

  17. Reason August 12, 2014 / 9:37 pm

    WATCH: “Bitcoin is a breakthrough in information theory that allows [users]
    to conduct provable transactions that can’t be changed…without reference
    to trusted third parties. [Bitcoin] is the perfect libertarian solution to
    the money enigma.”

  18. jeroeniskoning August 12, 2014 / 10:00 pm

    I hold bitcoins and you’ll count your satoshi’s.

  19. Bezlichnyy August 13, 2014 / 1:02 am

    The only reason, I would support Bitcoin is to avoid government regulations
    not so I could report taxes, incomes figures, and still be enslaved or
    forced to report my Bitcoin earnings. It’s my money. When will merchants
    and others stand up to the government and say no? I’m prepared to say no to
    the governments on my earnings if I adopt Bitcoins. I have to disagree with
    Gilder about the issue of reporting my earnings. Bitcoin adoption means a
    market place currency that is free from government regulations not so I can
    regress to national currency regulated by the government. This is my
    retirement money, house purchase earnings, and other private purchases I am
    talking about here. To call it a “Libertarian Solution” when Gilder plans
    on co-operating with government authority, what is the point then of
    adopting Bitcoin if a person is still going to co-operated with government
    authority?

  20. Bezlichnyy August 13, 2014 / 1:28 am

    It doesn’t sound like a solution to me it seems like an apology, sorry
    government authority for making private money without your permission.
    Politicians, presidents, and essentially all government bureaucrats are not
    employed in the market place. They function outside the rules of the market
    place–they are not subject to terms and conditions of business or consumer
    demands in payment for products or services. Their imposed payment is
    called taxation, fines, and penalties. When is the Libertarian Party and
    other so-called freedom supporters going to rebel against these unemployed
    government bureaucrats? One solution is have these government bureaucrats
    seek jobs in the market place. Another solution is to run government like a
    business where consumers pay for services that are beneficial to them
    rather than continuing this unlimited funding through taxation that keep
    corruption. It is mistake to think that government bureaucrats care about
    the well being of it citizens by provide their claimed safety regulations,
    welfare, unemployment insurance, and other rules that imposed in the name
    of public safety or protection. They are only trying to protect their
    fraudulent careers as long as they can with the co-operation of it
    citizens. Let the government print their own money without its citizens
    co-operation. While its citizens enjoy the use of Bitcoin usage without
    inflation, but deflation and affordable products on the market e.g. buy a
    new home for $10,000 Bitcoin units as opposed to $300,000 U.S. inflated
    dollarsrun-down-hand-me-down house or $70,000 Euros for a car.

  21. Nicht Verfuegbar August 13, 2014 / 1:35 am

    Bitcoin is fucking Bullshit.

  22. ZombieTex August 13, 2014 / 6:19 am

    I love the idea of bitcoin and the functionality of it. It’s beautiful.

    HOWEVER

    The problem is that it exists purely as 1s and 0s on the internet. If China
    or Russia ever detonate a nuke in the upper atmosphere over the U.S., it
    will generate an EMP that wipes out all electronics … and any value you
    have stored in BitCoin will simply vanish. At least with gold, no matter
    what happens to the electronics, it will continue to be gold.

  23. Ron Helwig August 13, 2014 / 1:15 pm

    Bitcoin is *a* libertarian solution, not *the* solution. +Shire Silver is
    also a solution, and it complements bitcoin well.

  24. the english aardvark August 13, 2014 / 4:29 pm

    Bitcoin sounds great till you throw out a hard drive with $17.5 million on
    it they dissappear for ever.

  25. stevemcgee99 August 15, 2014 / 7:14 am

    AWESOME interview.

Comments are closed.