The Tim Ferriss Show

#606: Balaji S. Srinivasan — 5-10-Year Predictions, How to Start a New Country, Society-as-a-Service (SaaS), Bitcoin Maximalism, Memetic Warfare, How Prices Are Born, Moral Flippenings, The One Commandment, and The Power of Missionary over Mercenary

790 snips
Jul 4, 2022
Balaji S. Srinivasan, an angel investor and former CTO of Coinbase, dives into a myriad of futuristic ideas. He discusses the potential of 'network states' as new forms of governance and critiques Bitcoin maximalism's fervent ideology. Balaji also speculates on America's socio-political landscape in the next decade, addressing the tension between anarchy and authoritarianism. He contrasts the roles of Bitcoin and gold as inflation hedges, and examines how technology, especially social media, is reshaping political discourse and community building.
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INSIGHT

Crypto's Core Value

  • Cryptocurrency's value lies in its independence from US and Chinese establishments.
  • This offers digital freedom and property rights outside traditional control.
ADVICE

Simple Crypto Strategy

  • For casual crypto investors, a 50/50 Bitcoin/Ethereum split remains a solid strategy.
  • Buy and hold for the long term (e.g., 10 years) to see real returns.
ADVICE

Asynchronous Investing

  • Avoid buying assets when they are hyped in the news and selling during negative news cycles.
  • Set calendar reminders to research assets and make investment decisions.
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