#178 with Balaji - Balaji on How to Fix the Media, Cloud Communities & Crypto

“Media scripts humans just like code scripts machines. Own a media corporation or be owned by one”

Crypto as the sequel to open source

“Not just open-source, it is open state and open execution”

The why behind 1729: Social networks were invented and scaled long before cryptocurrency

Geographical proximity is no longer linked to cultural proximity. We don’t necessarily know the people we live close to that well. But we might know and interact with people living in other continents.

A lot of time online, as we know, is just being wasted ... The sheer number of hours when we really think about the millions or billions of hours that are used on social networks—I think it was a necessary step to get people online ... But I think one issue is that social networks were invented and scaled 10 years, 7 yearsish before cryptocurrency.... See more

Instagram is for people who go outside; Twitter is for depressed intellectuals.

“I invest on an ideological basis. I invest in the world that I want to build” – Balaji Srinivasan

Balaji thinks you can’t abolish the FDA or the Fed, but you can exit them. You can build a parallel system that makes the old one unnecessary. Bitcoin is an example of building an alternative to the Fed.