Balaji Srinivasan — Bitcoin and Ethereum, Crypto Oracles, and More | The Tim Ferriss Show
Tim Ferriss Tim Ferriss
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 Published On Mar 30, 2021

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Show Notes: https://tim.blog/2021/03/24/balaji-sr...

Start [00:00]
What is the significance of 1729? [06:02]
What was the subject matter and the intent behind the MOOCs (Massive Open Online Courses) Balaji taught prior to joining Andreessen Horowitz? [10:21]
Balaji’s thoughts on the state of media (particularly podcasts), how product is merit and distribution is connections, and more [16:57]
Balaji wonders if we should be cautious of relying on a standing media to deliver us the news of the day — or if there are better, decentralized options. [29:57]
What can we do to protect ourselves as we wait for the future to be evenly distributed? We dive deep into everything from achieving financial independence to auditing our social ties to securing our privacy with a pseudonymous economy that could diminish the effects of cancellation and discrimination. [40:27]
Roam Research co-founder Conor White-Sullivan once said: “‘Balaji was right’ might be the most terrifying phrase in the English language.” Eerily accurate early speculation about the COVID-19 pandemic aside, how would Balaji strategize a sizeable investment made today? [1:07:29]
What participating in 1729 — “the first newsletter that pays you” — would ideally look like. [1:10:55]
How Balaji envisions 1729 as a skyhook to rescue the world’s brightest minds from places that usually get overlooked — like developing countries and war zones — or allow them to operate on home ground pseudonymously. [1:14:01]
A digital native solution to education that qualifies students to work as they go instead of waiting years until a full degree is earned. [1:17:37]
How do you pseudonymously show proof of skill? Enter the crypto credential. [1:21:33]
Don’t underestimate the power of microincentives. [1:25:27]
How does Balaji rationalize a “half in Bitcoin, half in Ethereum” investment, and how does it tie into shifting establishment dynamics? [1:27:51]
Why does Balaji believe that “not many institutions that predated the internet will survive the internet” — including nation states and fiat currencies? [1:35:44]
Addressing downside risk, what circumstances might make Bitcoin or Ethereum bad investments? [1:45:06]
How can we expect crypto regulation to play out in the United States? How are cities, states, and countries with an eye on the future currently signaling their friendliness toward innovation? [1:51:57]
Why Balaji believes “win and help win” is neither progressive, nor conservative, nor libertarian, but a concept that beats them all. [2:02:22]
How Bitcoin regulation thus far hasn’t followed the course that popular opinion predicted, and why you should hold your keys locally. [2:05:07]
How do Ethereum risks differ from those faced by Bitcoin? [2:09:44]
Want to get an understanding of how unrecognizable the near future will be? Consider how much the world has changed between the year 2000 and now — and how little it changed, comparatively, between then and 1970. [2:12:36]
Does Balaji believe the changes we’re about to experience en masse will be mostly positive or mostly negative? [2:22:16]
Thinkers, scientists, or resources Balaji would recommend for people who want to further explore life-extension and transhumanism. [2:32:16]
Who was Lee Kuan Yew, and why he is interesting? [2:35:04]
What countries are on Balaji’s shortlist to watch as examples of what the future holds? [2:39:56]
Woke capital vs. communist capital vs. crypto capital, the Maginot Line revisited, and why China is so underestimated while the US is overestimated when it comes to facing the challenges of present and future. [2:45:28]
If there were a conflict with China over Taiwan and the US lost, what would be the consequences? [2:56:44]
Does Balaji see any obvious fixes the US could implement to mitigate against the risks of a cold war with China turning hot? Is there any way we can select our leaders for legitimacy and competence over popularity and inheritance? [3:01:38]
Balaji explains how a 51 percent democracy is like a Fosbury Flop, and the types of votes that really make a difference in such a system. [3:05:18]
What a convince-oriented “crypto” government versus a coercion-focused fiat government might look like. [3:12:41]
India: the dark horse, what is currently at stake as it considers banning crypto, and what Balaji sees as its way forward — by embracing crypto, learning from China’s ascendancy in the global value chain, and claiming its rightful place in the media hierarchy. [3:17:42]
Parting thoughts. [3:40:00]

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