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Close Minded Podcast

Episode 8 – George Gilder on the Cryptocosm and Life After Google

Mar 8, 2019
01:04:19

Podcast summary created with Snipd AI

Quick takeaways

  • Google's business strategy relying on advertising leads to a lack of market incentives and disregard for security, resulting in a concentrated and vulnerable internet pyramid.
  • Data centralization in the current internet model makes personal data more vulnerable to breaches, emphasizing the need for a new, secure and decentralized architecture like blockchain.

Deep dives

Google's Business Strategy and its Flaws

The podcast episode discusses the business strategy of Google, which is centered around giving away most of their goods and services for free in exchange for data, which is then sold to advertisers. The speaker argues that this strategy is fundamentally flawed and unsustainable. By relying solely on advertising for income, Google lacks real customers who pay for their goods and services. This leads to a lack of market and price incentives, which in turn leads to a disregard for security. The result is a porous internet pyramid where data and power are concentrated in the hands of a few big companies, rather than the democratic and interconnected internet that was envisioned.

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