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E42: Naval Ravikant and Balaji Srinivasan on Why History Points to Crypto
"Turpentine VC" | Venture Capital and Investing
Decentralization and the Power of Blockchains
Blockchains offer a system where networks can operate without a central authority, ensuring decentralization. This decentralization concept can be applied to various networks like bandwidth allocation and social networking. The current internet landscape is dominated by big tech companies like Google and Facebook, acting as new overlords. By starting with the challenging task of reinventing money using Bitcoin, the potential exists to decentralize any network effectively, eliminating the need for individual or corporate rulers. This shift towards decentralization through blockchains presents an exciting opportunity to revolutionize network governance.
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