Balaji Srinivasan on Bitcoin, The Great Awokening, Wolf Warrior Diplomacy, Open-Source Ecology, Reputational Civil War, Creating New Cities, and Options for Becoming a Sane but Sovereign Individual | Brought to you by Wealthfront automated investing http://Wealthfront.com/Tim and Eight Sleep’s Pod Pro Cover sleeping solution for dynamic cooling and heating http://eightsleep.com/Tim “The monopoly of truth is upstream of the monopoly of violence.” — Balaji Srinivasan Balaji S. Srinivasan (@balajis) is an angel investor and entrepreneur. Formerly the CTO of Coinbase and general partner at Andreessen Horowitz, he was also the co-founder of Earn.com (acquired by Coinbase), Counsyl (acquired by Myriad), Teleport (acquired by Topia), and Coin Center. He was named to the MIT Technology Review’s “Innovators Under 35,” won a Wall Street Journal Innovation Award, and holds a BS/MS/PhD in Electrical Engineering and an MS in Chemical Engineering, all from Stanford University. Balaji also teaches the occasional class at Stanford, including an online MOOC in 2013, which reached 250,000+ students worldwide. To learn more about Balaji’s most recent project, sign up at 1729.com, a newsletter that pays you. They’re giving out BTC each day for completing tasks and tutorials. Subscribers also receive chapters from Balaji’s free book, The Network State. Please enjoy! 00:00 Start 03:31 The biggest lead in human history 08:41 Balaji’s current worldview 11:56 China’s challenges to cryptocurrency 20:24 The Great Awokening + Wolf Warrior diplomacy 32:05 “Will the US lose?” 38:40 Crypto in India 56:29 The woke-capital–communist-capital–crypto-capital triangle 1:06:22 Chinese control/American anarchy scenario 1:11:17 Risk of BTC on exchanges and DeFi interest rates 1:14:47 Cryptocurrency and the principal-agent problem 1:19:47 Automation and eliminating human error 1:31:05 Potholes on the road to utopia 1:45:40 The unbundling and rebundling of society 1:57:21 Counter-decentralization prediction 2:06:43 The regulatory state vs. crypto 2:12:04 Which US states are “freer” than others? 2:18:51 Governments as subscription or inflation models 2:34:23 What is the DeFi Matrix? 2:40:00 What is NIMBY-YIMBY? 2:55:39 Warnings about overregulation 3:02:56 How a flat coin would work 3:06:11 Bitcoin: better than gold? 3:08:56 American anarchy, tensegrity, and San Francisco’s decline 3:17:45 Lesson from COVID: WFH 3:21:25 The new conditions for victory 3:25:09 Centralization versus decentralization 3:34:30 BTC or ETH? 3:38:57 What is the Cantillon Effect? 3:46:45 Crypto-civilization not crypto-anarchy 3:50:17 Secession in a less “United” States 3:53:01 Bullish on big tech companies 3:56:25 Cryptography vs. journalism 4:02:44 Block explorers: the stealth threat to search 4:04:24 Blockchain security 4:09:50 Social engineering in the anarcho-tyrannical state 4:13:40 Lawful evil China vs. chaotic evil United States 4:17:29 On “tech bros” in politics 4:21:55 An AUKUS among us and geopolitical power shifts 4:35:30 Angel investing in the twenty-first century 4:43:39 The current state of 1729 4:46:20 Parting thoughts SUBSCRIBE: http://bit.ly/1dSzTkW LINK TO ALL SHOW TRANSCRIPTS: https://tim.blog/2018/09/20/all-transcripts-from-the-tim-ferriss-show/ About Tim Ferriss: Tim Ferriss is one of Fast Company’s “Most Innovative Business People” and an early-stage tech investor/advisor in Uber, Facebook, Twitter, Shopify, Duolingo, Alibaba, and 50+ other companies. He is also the author of five #1 New York Times and Wall Street Journal bestsellers: The 4-Hour Workweek, The 4-Hour Body, The 4-Hour Chef, Tools of Titans and Tribe of Mentors. The Observer and other media have named him “the Oprah of audio” due to the influence of his podcast, The Tim Ferriss Show, which has exceeded 500 million downloads and been selected for “Best of Apple Podcasts” three years running. Connect with Tim Ferriss: Sign up for "5-Bullet Friday" (Tim's free weekly email newsletter): https://go.tim.blog/5-bullet-friday-yt/ Visit the Tim Ferriss PODCAST: https://tim.blog/podcast/ Visit the Tim Ferriss BLOG: https://tim.blog/ Follow Tim Ferriss on TWITTER: https://twitter.com/tferriss/ Follow Tim Ferriss on INSTAGRAM: https://www.instagram.com/timferriss/ Like Tim Ferriss on FACEBOOK: https://www.facebook.com/TimFerriss/