Quantifying and Qualifying Decentralization | The Balaji Series | Episode 7 (WiM121)

Balaji Srinivasan joins me for a multi-episode series exploring sovereignty in The Digital Age, geopolitical game theory, the future of statism, and how Bitcoin/crypto fits into the picture. Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/ GUEST Balaji's Twitter: https://twitter.com/balajis Balaji's Website: https://balajis.com/ PODCAST Podcast Website: https://whatismoneypodcast.com/ Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400 Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1 RSS Feed: https://feeds.simplecast.com/MLdpYXYI Transcript: OUTLINE 00:00:00 “What is Money?” Intro 00:00:08 Quantifying Decentralization 00:07:30 Fundamentally, this Model is Quantifying Intuition… 00:14:39 The Goal: Identifying the Most Centralized Component 00:17:20 The Role of Path-Dependence in Decentralization 00:20:00 The Danger of Monoculture 00:25:00 “Trust in God But Keep Your Powder Dry” 00:32:29 Chain Interoperability and an Attack on Bitcoin Mining 00:34:20 Entering the Time of Total Cyberwar 00:37:32 NYDIG 00:38:42 Incentive Blindness 00:44:42 “The Dose Makes the Poison” 00:48:01 Quantity and Quality Metrics 00:51:16 “Revolutions are Judged by their Fruits” 00:57:23 The Pragmatic Calculation of Self-Interest 01:02:56 Legacy Journalism Disabled the Our Early Warning System 01:08:30 The Most Important Ethical Question of the 21st Century 01:11:26 What Drives Balaji? And Where is the World Going Next? 01:17:57 Mathematical Advancement as the Primary Metric for Civilization SOCIAL Breedlove Twitter: https://twitter.com/Breedlove22 WiM? Twitter: https://twitter.com/WhatisMoneyShow LinkedIn: https://www.linkedin.com/in/breedlove22/ Instagram: https://www.instagram.com/breedlove_22/ TikTok: https://www.tiktok.com/@breedlove22?lang=en All My Current Work: https://linktr.ee/breedlove22​ WRITTEN WORK Medium: https://breedlove22.medium.com/ Substack: https://breedlove22.substack.com/ WAYS TO CONTRIBUTE Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7 Sats via Strike: https://strike.me/breedlove22 Sats via Tippin.me: https://tippin.me/@Breedlove22 Dollars via Paypal: https://www.paypal.com/paypalme/RBreedlove Dollars via Venmo: https://venmo.com/code?user_id=1784359925317632528 The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=32843101&fan_landing=true RECOMMENDED BUSINESSES Worldclass Bitcoin Financial Services: https://nydig.com/ Join Me At Bitcoin 2022 (10% off if paying with fiat, or discount code BREEDLOVE for Bitcoin): https://www.tixr.com/groups/bitcoinconference/events/bitcoin-2022-26217 Automatic Recurring Bitcoin Buying: https://www.swanbitcoin.com/breedlove/ Buy Bitcoin in a Tax-Advantaged Account: https://www.daim.io/robert-breedlove/ Home Delivered Organic Grass-Fed Beef (Spend $159+ for 4 lbs. free): https://truorganicbeef.com/discount/BREEDLOVE22 Buy Your Dream Home without Selling Your Bitcoin with Ledn: https://ledn.io/en/?utm_source=breedlove&utm_medium=email+&utm_campaign=substack