3min chapter

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Matt Ridley: How Innovation Works, Part 2

Naval

CHAPTER

Cryptocurrency Is the First Asymmetric Advantage for the Defender Against the Assailant

Cryptography enables a symmetric advantage for the defender against the attacker. We're losing physical ananimity with camera surveillance and n sa spying on everybody. Physical privacy is dead, unless you do a face change all the time. But digital privacy is real: You wil be able to create a personal, cryptographically protected identity that goes on the internet. And one of the narratives that comes up every twenty years is automation and job loss. This time it's round a g i, artificial general intelligence which advances so quick that it improves itself faster than we can retrn....

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