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Bitcoin, Not AI: The Tech Revolution Nobody Is Talking About
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Everyone thinks AI is the next technological revolution. I don't think it is. The economist Carlota Perez identified five technological revolutions over the last couple hundred years, each beginning with a breakthrough that made something enormously cheaper or more abundant and then reorganized the economy around it. AI looks like an extraordinary development inside the information revolution we're already in. Bitcoin did something categorically different. It created digital scarcity without an administrator. Producing that consensus is expensive by design, but independently checking it is incredibly cheap, so anybody in the world can run software and verify the state of the monetary system for themselves. That had never existed before. January 3rd, 2009 may eventually look less like the launch date of an asset and more like the opening event of the sovereign revolution.
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Analysis last updated August 25, 2026 · Read the methodologyRead the creator’s original video description
Everyone thinks AI is the next technological revolution. I don't think it is. The economist Carlota Perez identified five technological revolutions over the last couple hundred years, each beginning with a breakthrough that made something enormously cheaper or more abundant and then reorganized the economy around it. AI looks like an extraordinary development inside the information revolution we're already in. Bitcoin did something categorically different. It created digital scarcity without an administrator. Producing that consensus is expensive by design, but independently checking it is incredibly cheap, so anybody in the world can run software and verify the state of the monetary system for themselves. That had never existed before. January 3rd, 2009 may eventually look less like the launch date of an asset and more like the opening event of the sovereign revolution.