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

Cryptocurrency - The Risks of a Decentralized Future

i've been e ing a lot of my time in what we might consider web three, more immersed in block chain and crypto currencies, nfts, et cetera. So many of the things that i had read about have become less theoretical for me. There are some techno idealists or techno optimists, who hat this decentralized future that is just utopian in almost every respect. But there are risks, an bad coat, right? Smart contract risk. And there are insurance companies, nexus mutual and many others of different types that try to provide ways for people to protect themselves against certain types of smart contract risk.

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