Dialogue "Network Nations" author Balaji: The American system is falling apart. Bitcoin is the escape program
Source:Bitcoin Magazine Podcast
Photo by Felix, News
Balaji Srinivasan, author of the Network Country, recently visited Bitcoin Magazine podcasts, during which Balaji described why Bitcoin could serve as an early warning signal for the collapse of the system and why geographical location was more important than the portfolio. The following is the essence of the partial dialogue。
Moderator:you've talked about &ldquo many times in a lot of different programmes; online countries ” you've spent a lot of time just explaining its basic concept。What aspects of cyber-states and cyber-schools do you not talk about
Balaji:the core philosophy of the network countries is &ldquao; cloud tops, land behind &rdquao; the traditional countries have a piece of land and then forced people to obey; we have built a community of like-minded people at the cloud end, and then raised land everywhere, like bitcoin with a data centre spread around the globe. if one of the positions was in trouble, the whole would not be paralysed。
Moderator: Is this model purely liberal
Balaji:not exactly. in many ways, i sympathize with the free willism of the united states, but i prefer a country that is as well-managed as singapore. singapore had a low tax and a good business environment, but it also had strict social norms, such as the inability to use drugs. this may be a limitation for those ultra-liberals who do not even want security belts; but i believe that a legitimate state should seek the best interests of the greatest number of people. the online countries are more like &ldquao; anarchist nationalism, and anarchist anarchy &rdquao。
Moderator:I like that. That is what we yearn for in the Bitcoin community: we want not just to get out of the shackles of outdated systems, but to build a new system with the right values and the right ideology at its core. I think we are sometimes too committed to overturning old things so that we do not have enough space to build new things。
Balaji:Yeah. There are only two ways to do business: untie and bind. For example, you untie an album into MP3 and re-coup it into a Spotify playlist; or you untie newspapers into articles and then bind them into social media streams。
So we untie everyone into Internet money or social network personal data, and we re-coup them into an entrepreneurial society. Because in many ways, people you chat about online are better than physical neighbours, who are your real neighbors. You know them better and share common values, currency and philosophy. The way to solve the problem of physical neighbours as strangers is to turn your digital neighbours into physical neighbours, which is what cyber-states mean。
Moderator: Do the schools and your network countries use bitcoin as currency
Balaji:YesEveryone here is a bitcoin holder。Many people who want to build a new society come in through encrypted money. Since the creation of bitcoin is indeed easier than the reform of the Fed, the creation of a new city is indeed easier than the reform of San Francisco, with the possibility of a new country。
It seems difficult, but Facebook was created in 2004, YouTube in 2005, Twitter in 2006, and it's only 20 years old. And some of the reform processes will only be protracted forever. The Fed did not change substance, but Bitcoin forced it to reform。
Moderator: Do you think that in the next 10 years, online schools and countries will end up like this
Balaji:I think there will be dozens, hundreds, maybe 1,000 entrepreneurial societies. The future will be “ China vs Internet ”. A super-Power with a billion people and a thousand network countries with millions of people. This will become a reality in over 20 years. AI, for example, is increasing productivity within trusted tribes. If you share the code with AI, the speed will increase dramatically. But outside the tribe, it's all AI spam and scams. You can't trust audio or face images, or mail unless you check if it comes from a trust network。
Moderator: What are the core elements of a future digital tribe
Balaji:I THINK EVERY BIG ENOUGH CIVILIZATION HAS ITS OWN SOCIAL MEDIA, AI AND ENCRYPTED CURRENCY, AND USES BITCOIN BETWEEN SOCIETIES. AI REFLECTS ITS VALUES, SOCIAL MEDIA IS RESPONSIBLE FOR CONSENSUS AND AUDITING WITHIN THE COMMUNITY, WHILE ENCRYPTED CURRENCY IS THE COMMON CURRENCY AMONG ALL TRIBES AS AN INCENTIVE AND EXTERNAL MEANS OF PAYMENT WITHIN TRIBES。
moderator: what does that mean
Balaji:THE TECHNOLOGIES OF THE TWENTIETH CENTURY (MASS MEDIA, LARGE-SCALE PRODUCTION) WERE CENTRAL, AND THE LIBERAL TRADITIONS OF THE UNITED STATES WERE WELL BALANCED. BUT NOW TECHNOLOGY (CELL PHONES, AI, ENCRYPTED MONEY) IS ITSELF DECENTRALISED。
when this decentrized technology encounters the american liberal tradition, the left thinks “ everyone is equal ” the right thinks “ not me ” and both sides deny any legitimate authority, which eventually leads to collapse: the bipolarity of politics is growing stronger until the structure is broken. the united states is more like a &ldquao; warlord anarchism & rdquao; everyone is extremely sensitive to the violation of rights, but cannot build consensus。
Moderator: What do you think will happen to the dollar
Balaji:The credit of the United States Government is reflected in the United States dollar. However, the United States dollar has depreciated significantly over the past few years relative to bitcoin. When hard currency (bitcoin) returns, the credit evaporates quickly. Future historians will see that bitcoin was born all over the world and that it was only for a moment in history。
Moderator: Since the process is so volatile, why can't Bitcoin rise in a straight line
Balaji:because bitcoin is in &ldquao; conquering brain &rdquao; it must, like religion, spread out from a core point, encounter resistance, be pushed back and counter-attacked. at present, this ideology has spread across every ethnic and religious group around the globe。
Moderator: Do you think bitcoin is not just a currency, but a civilization
Balaji:yes, i call it & ldquo; code civilization & rdquo; bitcoin is an escape programme and an alarm. the higher the price, the greater the problem with the old world system. bitcoin is a “ the concept state ” seed, which represents private property, strict contracts and non-molecable transparency。
We used to have executive, legislative and judicial powers. In the Bitcoin system, the judicial component is automated and the block chain is the court, which determines what is the end result and is not corrupt. This addresses the issue of trust at the heart of human society。
Moderator: How should individuals respond to this systemic collapse
Balaji: cash, migration and quick action。Geographical location is far more important than asset allocation. If you had 1,000 bitcoins in Syria during the civil war, what you really wanted was a ticket to leave because you could not order peace from the Amazon. For Americans, El Salvador may be a better place than Texas or Miami. The Presidents of El Salvador, Bouquet and Masque, understand this. Latin America has experienced the printing of money and drugs, and now they have developed a civilizational antibodies against them. So if you have a house in the United States, I think it's at the top of the market, liquidating assets, converting them to encrypted currency, keeping them agile, renting houses instead of buying them. The second passport is much better than the first set of properties。
Moderator: If you can change the status quo, what will you do to save the system
Balaji:The only way to sustain the current high standard of living is through technological breakthroughs, specifically a billion individual robots。
we need & ldquo; release mask & rdquo; mask is driving on a brake because he is restricted to the extremely inefficient licensing and regulation of the united states. if brecker gives musque a & ldquo; special development & rdquo; you see an explosion of human robots, drones, brain interfaces and cheap energy。
