6min 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

Bicoin Ad a Twelfth Is a World Government

Biccoin is a world government, just not the one that anybody imagine. The currency for b b t c is like the zero zero of the d fi matrix. Bichoin had a hundred billion valuation market cap. So are subscription and inflation, which is roughly similar to a sass company's sass subscription and its equity. Those are the new business models of governments, subscription inflation. They're non coercive because it's not profitable to be coercive. Enforcing compliance is costly. Drones and so on may change this. I think a a trend for 20, 40, 20, late 20 thirties - drones don't ust mean aerial robots as we mentioned earlier.

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