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"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.
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