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Balaji Srinivasan: Crypto Networks, Sovereignty & Decentralization with Akshay BD

Supply Shock

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How to Combat Tribalism in Cryptocurrencies

There's this inherent tribalism when you kind of organize communities in such a way. How do you combat that? Well, so I think first is to realize that it doesn't make rational sense, but it does from a meta rational standpoint. For every dollar that goes into crypto, it could go into either Bitcoin or Ethereum or something else. The other aspect is many of them have lost a lot of money on making bets on other digital assets and they didn't lose on Bitcoin. So that's another aspect. I think the most fundamental is that we're tapping into really fundamental human drives, where you talk about atheism, monotheism, polytheism,. except you extend that from God

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