In today's episode, we're joined by Balaji Srinivasan and Akshay BD to discuss crypto networks, sovereignty and the practicality of decentralization. If you only tune in to one episode of Lightspeed, this is it. We discuss if crypto is a bet on tech or financial collapse, blockchain infrastructure ideologies, Balaji's Network State, how to build effective communities, the future of open source, combatting tribalism and more!

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Timestamps:

(00:00) Introduction

(03:01) Is Crypto a Bet on Tech or Financial Collapse?

(08:04) Appchains vs Monolithic vs Modular Ideology

(13:07) Why Akshay Joined the Solana Community

(14:49) Jito Promo

(15:54) Permissionless Promo

(16:54) The Network State

(31:21) Market Depth and the Overton Window

(37:25) How to Build Effective Communities

(43:43) Three Ways to Align People

(50:11) How to Combat Tribalism

(01:03:54) Crypto has PMF, Regulation is Holding it Back

(01:14:57) Will Centralized Companies Embrace Open Source?

(01:17:28) Advice for Startup Founders

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This episode is brought to you by Jito.

Jito is the easiest way to earn MEV rewards on Solana with liquid staking. Stake your SOL with Jito to start earning high yield powered by MEV and access instant liquidity through Jito’s liquid staking token JitoSOL so that you can use your staked assets across Solana DeFi. Visit jito.network to get started today!

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Follow Akshay: https://twitter.com/akshaybd

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Use code LIGHTSPEED30 to get 30% off Permissionless 2023 in Austin: https://blockworks.co/event/permissionless-2023

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Resources

Jito

jito.network

The Network State

https://thenetworkstate.com/

The Network State (Balaji, Estonia 2015)

https://teleport.org/blog/2015/07/the-network-state/

Software is Reorganizing the World (Balaji, 2011)

https://www.wired.com/2013/11/software-is-reorganizing-the-world-and-cloud-formations-could-lead-to-physical-nations/

The Secret Document That Transformed China

https://www.npr.org/sections/money/2012/01/20/145360447/the-secret-document-that-transformed-china

SuperTeam

https://superteam.fun/

https://twitter.com/SuperteamDAO

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Disclaimers:

Lightspeed was kickstarted by a grant from the Solana Foundation.

Nothing said on Lightspeed is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mert, Garrett and our guests may hold positions in the companies, funds, or projects discussed.

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