Balaji Srinivasan: belief

Transcript context

…But you give them as gifts. That’s why they’re gift certificates. They have numbers. That’s right. The other aspect is, once you can do something programmatically, a lot of things become unlocked with it. You can have these tokens. You can have millions of them. You can have programs consume them. You can have them bought and traded programmatically. You can use them as inputs for API calls. There’s things that you can do with them on a computer that you can’t do with a physical gift certificate. The agility of the value dramatically increases, and I think that’s a very important aspect. That’s not just like a physical gift certificate. Say we peer 20 years into the future. We consider a person who doesn’t have a college degree and is at the median income level for the United States. Twenty years from now, they’ll be saying, “Oh, because of tokens, I can do X.” Maybe they don’t understand how it all fits together, but they do understand they can do X, and this is meaningful to them. What’s the most likely candidate for X?…

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