6min chapter

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#99 — The Archbishop of Crypto — Balaji Srinivasan

Magic Minds

CHAPTER

Why Is Duckerburg the C O a Facebook?

The founder is neither dictator nor bureaucrat, because they are legitimate and competent. And none of these people who had been selected for legitimacy in the political system were selected for competence on so th. You need t actually, it's sort of like a, in rocket science. You don't just want to have a particle at a specific point - you know, I've got to get there fast. Because if i'm not pointed down too fast, it's going to crash,. So how that's achieved is really important. Mum and direction does not matter as much as what we achieve with state coercion. It's all about coercing your way into power. The only thing that can stop

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