Peter McCormack & Balaji Srinivasan , What Bitcoin Did with Peter McCormack

The Pragmatic Apocalypse with Balaji Srinivasan

04 Jul 2023 • 185 min • EN
185 min
No file found

“What’s to come, is, I think, very different than 2008 because 2008 was just a financial crisis… and the central bank was able to print and bail out the banks. With this fiat crisis, there’s no other level to bail it out. That’s why it’s a self-bailout. It is a mass seizure of assets. It makes the entire hidden part of the government come out and show its truncheon.” — Balaji Srinivasan Balaji Srinivasan is an angel investor, tech founder, and author of ‘The Network State’. In this interview, we discuss the idea of starting new countries ("network states”), based on social networks built around a shared ideal that can monetize effectively. We also talk about how and why the media ignores major global news stories, and how to prepare for the coming collapse. - - - - In the past 14 years, we have seen a powerful global community built around a shared ideal. Bitcoin is obviously much more than a technical innovation: it is a vision of building a new economic paradigm from the bottom up, which shifts the centre of power from the state to the individual. Being open-sourced, leaderless and decentralised, it has proven that there are new ways for people to connect, contribute and collaborate to build new systems. Balaji Srinivasan’s latest book takes this revolution one step further, and explores the idea of starting new countries, or what he calls "network states." These network states can be formed by a group of people connected through a social network, with their own income, real estate, and even their own ideological platforms. It's like a political party, but working outside of the limits of national boundaries. The measure of success for these network states lies in their ability to materialise their online presence into the physical world: “You do meetups and eventually you go from crowdfunding brunches to crowdfunding buildings.” It challenges the traditional notion of what a country is and opens up possibilities for new forms of governance and community-building. As legacy nations resort to ever more authoritarian methods to protect the fiat system, the importance of allocation, location and organisation to individuals will become more apparent. But, this is more than a theory. Balaji is allocating a material amount of capital to funding startup ‘Network State’ communities. The aim is to create frontier societies, providing alternatives to failed states and attracting ambitious individuals seeking a new kind of society. - - - - This episode’s sponsors: Iris Energy - Bitcoin Mining. Done Sustainably Ledn - Financial services for Bitcoin hodlers Bitcasino - The Future of Gaming is here Ledger - State of the art Bitcoin hardware wallet Wasabi Wallet - Privacy by default Unchained - Secure your bitcoin with confidence ----- WBD679 - Show Notes ----- If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following: Become a Patron and get access to shows early or help contribute Make a tip: Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2S QR Codes: Bitcoin If you do send a tip then please email me so that I can say thank you Subscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS Feed Leave a review on iTunes Share the show and episodes with your friends and family Subscribe to the newsletter on my website Follow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTube If you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.

From "What Bitcoin Did with Peter McCormack"

Listen on your iPhone

Download our iOS app and listen to interviews anywhere. Enjoy all of the listener functions in one slick package. Why not give it a try?

App Store Logo
application screenshot

Popular categories