The Bitcoin Standard Podcast

303. The Network State with Balaji Srinivasan

Dec 9, 2025
Balaji Srinivasan, an entrepreneur and author of The Network State, shares his visionary ideas on how technology can redefine governance and community. He introduces the concept of 'network states,' decentralized countries emerging from online platforms. The discussion also covers the implications of hard money, comparing U.S. and Chinese economic strategies, and the future role of Bitcoin in a collapsing dollar scenario. Balaji's insights on startup cities and asset sales reveal innovative responses to financial crises.
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INSIGHT

Network State Defined

  • A network state is a physical social network: a country built from connected nodes around the world.
  • Balaji frames it as a decentralized country analogous to Bitcoin being a decentralized currency.
ANECDOTE

States Selling Territory Example

  • Balaji cites Egypt renting Ras al-Hekma to the UAE as a precedent for selling or leasing territory for capital.
  • He compares historical purchases like Louisiana and Alaska to future territory deals under hard-money pressure.
INSIGHT

Hard Money Forces Territorial Sales

  • The 20th century's centralization let governments wage unlimited war via fiat money.
  • Balaji argues the return of hard money will force bankrupt states to sell assets or territory by 2035–2040.
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