2min chapter

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#547: Balaji Srinivasan — Centralized China vs Decentralized World, The DeFi Matrix, Ascending vs Descending Trends, Bitcoin Mining as Energy Storage, Reputational Civil War, and Maximalism vs. Optimalism

The Tim Ferriss Show

CHAPTER

San Francisco Is a Rubber Band Tension

This is a bubble which will burst when the right alternative finally appears, just like taxi metallions. San francisco can be compared to a terrible product with great legacy distribution. Users hate it and want to leave - but newark affects keep people in fora while as extractod rents continue to soar. When the true alternative finally arrives, exit will be rapid.

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