The Nation State Case for Bitcoin with Balaji Srinivasan
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- เผยแพร่เมื่อ 26 พ.ย. 2024
- In this interview, I talk to angel investor and entrepreneur Balaji Srinivasan. We discuss the benefits of nation-states adopting bitcoin, why India is the perfect first mover and the changing face of Silicon Valley.
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“It’s basically the best investment of all time, and I have a feeling it’s not going settle down for a while. I mean, it could go to $1 million, even $10 million... $ 1million is no longer a crazy number to put out there for bitcoin.”
- Balaji Srinivasan
Location: Remotely
Date: Friday 19th February
Company: balajis.com
Role: Angel Investor & Entrepreneur
The corporate adoption of bitcoin has widely defined the last 12 months for bitcoin. Following Michael Saylor’s watershed move, companies such as Tesla and Square have been adding bitcoin to their treasuries.
Many see the next logical step as nation-states adding bitcoin to their reserves. While some countries like Estonia and Malta have been very open to bitcoin, a large number still, at least publicly, have a less welcoming stance.
The Indian government recently announced its intention to ban ‘private’ cryptocurrencies, including bitcoin, fearing adoption would threaten national security and create a capital outflow from the country. Balaji Srinivasan thinks this is the wrong move and put forward the opposite case in his recent article Why India Should Buy Bitcoin.
In this interview, we discuss the benefits to a nation-state adopting bitcoin, why India are the perfect first mover and the demise of Silicon Valley.
Balaji's knowledge is bubbling , almost like a volcano ready to erupt .
Pretty sure he just erupted all over my face
Volcano....👀
The second best thing after btc's bull run this year is knowing that a stalwart like balaji is open to coming and investing in india.. hope the govt makes the right choices.. fingers crossed.. and peter your podcasts are super mate.. cheers.
Amazing interview! Balaji Srinivasan, Naval Ravikant and Chamath Palihapitiya are the heroes or our modern world! :)
Love this guy. High level information concentrated.
His bitcoin 101 video is top 5 all time. Checkout Chandler Guo as well. He has a 3min video that’s the most bullish in bitcoin history. 👍🏽
That was quite the discussion! Balaji is a very intelligent well spoken gentleman who comes across as having done a lot of deep thought on the issue.
Great interview gents!
Balaji has good vision and scope.
This guy has nailed so many theories and scenarios.
Balaji lays it all out nicely. Great interview.
Be mindful of spam comments, everyone. They've been rampant on crypto channels as of late.
Awesome interview guys!
Great job Peter.
Balaji is inspiring me to go back to India
So happy to know that people like you are being engaged by industry bodies and hopefully the legislators in a discussion around the crypto ban. There is some hope...
Balaji Srinivasan. Smart dude. I work with lots of people from India - they are very smart people. Especially skilled with software development. Why haven’t I heard of this guy before!?
Dude drops "sanguine" into conversation, immediately wins the interview
lmfao that's all it took eh?
but he used the word incorrectly
Balaji is best listened to at 0.75x
Fantastic interview, thanks!
Awesome convo 👌
0.75x Playback for me. Potent stuff.
Just heard this on stitcher and had to come for some visuals and a 2nd listen 👂 👍🌟
If only South Africa had a similar leader with such feasible foundational bitcoin solutions and scope.
Yet another excellent interview with Balaji. BTW, 37:03 it has an _effect_ or _influence_ on that CBDC, not "impact" (a crash).
Excellent discussion!
I wrote a white paper on US creating a US World Reserve Cryptocurrency eliminating the Federal Reserve and a localized paper/crypto for daily transaction. Create a complete set of DAPs etc. I did have a discussion with Senator Brasso and Hawley about this and this should be serious.
I LLOVE INDIA!!!!! CRYPTO+NUCLEAR POWER+PERMACULTURE+RAIN WATER SYSTEMS! ALL AT ONCE! INDIA THE BEST!
Balaji is the bomb!
What was the substack article he recommended, about how India has digitized?
What a mind. Thanks Peter.
If you care about India, the last thing in the world you would want is for its government to be even more wealthy
Peter I know you really only like BTC but I know several early adopters that are also buying Decred. Mostly discreet but a few that are open about it. Have you ever taken a look at it? Thanks
This channel has great interviews. Subscribed. and forwarded to friends.
In the next year his name is going to explode
And acting on it. The next cycle is the one most will get in on though
*Great podcast!*
How can you have a podcast on digital currencies and not know what a treasury bill is?
A treasury bill is access to the printing press in the future, it dose not mean it's worth anything
I wonder what its like to be this god damn smart..
balaji is the dude.
good podcast with lot of great insights, but a bit concerning to see pro lockdown libertarians.
His views are a lot more nuanced than "pro-lockdown"
Holy cow it's Balaji
Amazing chat, guys. Spot on regarding SF / bay area too!
What a shame Indian policymakers unlikely to act on your advice
Bitcoin is the beginning of the end for nation states
Definitely
Balaji (everyone will be a forex trader) Srinivasan
Ramanujan would've been a Bitcoiner
goood one
Good interview. Might want to do a bit more research on the decline of the US. Sounds a bit anti-US. I suggest “Bowling Alone” by Robert D. Putnam.
It’s almost like after 60 years of third world immigration the US has increasingly third world characteristics. Definitely not correlated at all.
the famous hand in pocket guy... never forget #b1june
This guy is way off in his understanding of Geopolitics..
His whole message about China is off ..
How?
Bitcoin access global acess platform to gold
Mercury access global acess platform to euro
As a thanks for some real words in oil backs dollar.
Host has such a good broadcasting voice that when I heard the clip somewhere else I thought this was the BBC lol
this didn't age well with covid situation in India
A lot of predictions here, let's wait for 2030 and see
Looks like Balaji can see a world with different protocols all being interoperable with each other. How many of these protocols will be the shitcions your slating at the minute Peter?
Balaji still sees Bitcoin as a technology instead of a protocol. VC bros have the most trouble with this distinction
@@BitcoinMotorist protocols are technologies
At this point, continued fear of a US ban on Bitcoin is just silly paranoia.
Bitcoin will end up being the west’s life boat from the otherwise assured domination of the Chinese Yuan.
Other countries already realising this
Countries will buy Bitcoin as a store of value and reserve asset because the US dollar/bonds are depreciating and there is no other good alternative. End of podcast.
1:09:00 bangalore
10:19 "especially across Africa"!?? Why are Africans less likely to know about the belt and road initiative than any other demographic?
I think we have found Satoshi here just saying
👍👍👍.
Why does this guy keep saying crypto!?
this guy and this conversation is too chaotic even though the content is important. Peter doesn't even understand what Balaji is talking about
Stick to Crypto lads. NZ back on 7-day lockdown after finding a single case. I’m actually embarrassed for you with the way this great interview declined.
It infuriates me that anyone could think that anyone in global trade would feel secure transacting in China commi currency with no rule of law. It amazes me the naivity of these supposedly intelligent commutators and poor understanding of geopolitics.
You must be a genius
He has least understanding of politics in India. No way Indian leaders can sum up courage to do this and for that matter no democratic country can do it.
Probably just me but I barely understand anything this man says.
yeah some of the smartest people make the worst teachers.
Keep listening, if you can understand 60% of it, you will learn more as you listen until a year from now you will understand it all.
It's like learning another language at the same time as some pretty complex concepts.
He speaks fast. Listen at 0.75x speed.
He thinks a big mac costs $10. That's a red ass flag.
your videos are nice...not that stupid blabla crash and moon shiit:)
This guy doesn't know what a t bill is.... it is debt. Smh
Balaji is great on everything but covid lol
I am highly critical of the United States and its top-down engineered decline. However perhaps a hardcore Indian ethno-nationalist should refrain from mocking the US as a third world country. Could be more self-aware.
he is american.