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

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

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

My one-liner on this is 2000s were the tech companies, 2010s: crypto protocols, 2020s: startup cities, 2030s: network states.

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.

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

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.

I do think that, within five to ten years, in addition to email and text message, your ENS name... or let's say crypto name will become the third most popular communication channel.

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

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