5min 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 Mining - What Are the Punch Lines?

Ara: When we look at the chinese government's decisions with respect to bitcoin mining and perhaps crypto currency more broadly, in what are the first order, second order, third order effects of that? Ara: I don't think people realize how important some of the stuff is. Think about unor, for example, their social mediam ban. How important is that to day versus how important was it seen to be at the time? Huge. Youre right, that's a branch in history. So basically, china wants to maintain root. And because they want to maintain root, i think they're going to have significant short and perhaps even medium term advantages. In the very

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