sari

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.

finance and fintech have remained stubbornly single-player. We still call it personal finance.

Information dissemination has advanced faster than information verification.

Human scale institutions strive for optimum scale. Not mega scale. The point at which maximum quality can be attained. Their purpose is not to maximize profitability. It is to maximize well-being. Whose? Everyone’s. 

Jiho pointed out the paradox in building communities at scale: