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

What's Falling a the West as a Percentage of G P?

P p p is what pricing power parody? Sat stanfor power parity. It's baslts power paroty. What can the dollar buy there? What can your rinmen be buy there? In terms of a number of big macks. They have an adjustment for that, because some of the production costs are less. Ten thousand dollars goes a longer way in some of these countries. So asia isn't really the future. It's the present. And i think it's going to pass, or his already passed, soon.

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