#506: Balaji Srinivasan on The Future of Bitcoin and Ethereum, How to Become Noncancelable, the Path to Personal Freedom and Wealth in a New World, the Changing Landscape of Warfare, and More

4. Bits are finally reshaping atoms: A government that doesn’t understand the digital may not be able to control the physical. Less capable states will attempt to maintain control by making futile, reactionary attempts to regulate emerging physical technologies back into the garage from whence they came while more capable jurisdictions will embrace... See more

By moving identities on-chain, we could upend archaic financial processes and provide equitable access to capital, re-architect how talent is matched with projects, and provide entirely new paradigms for recognizing and compensating labor online.

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.