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

Loyalty Is Valuable

Loyalty is valuable because loyalty produces collective goods that an individual can't necessarily have on their own. Hodling periods are a form of unbundling and re bundling where, in a sense, markets say, hey, screw loyalty. Have you heard the term backronim? Backron bacronem is a reverse engineered acronym for 'hold on for dear life'

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