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Balaji Srinivasan on the Power and Promise of the Blockchain
25 Apr 2018 27 published claims 2 attributable people
Speakers in the public record
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belief 15prediction 6evaluation 3uncertainty 2recommendation 1
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The useful parts, with receipts.
27 published records
“Let’s say, if you’re a manager, if you’re an executive, yes, face to face is still probably necessary. But as an engineer, it’s less and less necessary, I think.”
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“I think in general, the countries that are going to win the future will be Estonia, Singapore, Israel — very software-savvy small countries where their leaders are basically almost like software CEOs.”
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“I think Goa is a unique place within India that is a cultural mixture because it’s got the Portuguese influence, Indian influence, et cetera.”
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“I think he’s underrated because he’s not yet world famous. He’s famous in India.”
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“I think, in addition to network tokens, you’re going to see tokens that are basically debt tokens, equity tokens, and other kinds of financializations.”
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“There are costs and benefits to this. Overall, I would say I’m optimistic about it.”
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“I think we’re going to have a bunch of different options, from email and phone number auth, username auth, biometrics, et cetera, where it’s just going to fit the particular use case.”
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“I don’t know how it was for the audience, but it does, in some literal sense, work.”
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“I have a little bit of a, for lack of a better term, modesty on this, where as bad as I think that future is, (a) I’m not sure it’s within our power to prevent it, and (b) I’m not sure the Chinese people would want the West to prevent it, or at least not all of them.”
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“I think, also, he’s very spiritually important in the sense that he represents the rags-to-riches story.”
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“I think the most fundamental concept really boils down to equity, which is to say that in game theory — the simplest game, the two-by-two matrix, whether you’re talking prisoner’s dilemma or something else like that — you want to actually have the upper diagonal where it’s a win-win be obviously better for both parties than any other square on the board, certainly the win-lose or the lose-win case.”
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“I would say, at least from the American context, I’d say the Chinese internet entrepreneurs.”
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“I don’t know if you’ve seen those movies where someone’s frozen in a block of ice, and then they’re thawed out, and then they experience the world.”
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“I would say, however, there’s a bunch of these small countries that punch above their weight from a software standpoint.”
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“If I said, “Well, I think the main failing is you cannot send smells over telepresence,” that doesn’t sound plausible.”
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“I think there’s going to be a lot of those folks who work in what I call the new digital blue-collar jobs, which are Mechanical Turk–type jobs.”
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“The agility of the value dramatically increases, and I think that’s a very important aspect.”
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“You’ve got kids who — it’s harder for them to focus on books and to do deep reading because they’re constantly distracted by all these notifications.”
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“Now, I think, the whole axis is tilting back the other way where, because they were civilizationally vaccinated against the lure of communism due to the 20th century, the Chinese, the Russians, the Eastern Europeans have a civilizational memory of why that was a bad idea.”
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“The most important thing, from my standpoint, is the level of choice you’re going to have is going to be dramatically increased because the blockchain makes it much easier to startup a competitor and raise up your own shingle as a new financial outlet.”
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“Because that acculturation is happening less and less because kids are getting plugged into folks who have different ideologies at a much younger age, I think that’s got a lot of interesting medium-term consequences.”
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“I recognize it’s too hard for other people to do so right now. But I think that the right approach is to build exits and build alternatives such that folks can exit from those things and they don’t feel constrained by them.”
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“I think insofar as these blockchains fail, it would be because the decentralization models were not robust enough to protect against the attacks they’re supposed to protect against.”
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“Reproducibility is a function of your ability to execute the source code. Everything is fundamentally transparent because it’s all published.”
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“I think that’s something where, if you’d make that comparison, even all of Bitcoin’s energy consumption is cheaper than the Brink’s trucks and the US military and the police system and so on required to protect property rights in the American context.”
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“What I think is likely to happen is, you’re going to see more news that falls into that news-you-can-use category where, if people are concerned about the veracity, it’s got an inbuilt fact-checking mechanism because you’re actually executing every single line as you read it.”
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“As I said, I do think people will take another crack at this with the blockchain because the blockchain has not just made it much easier to start your own currency in your drawing room; it has also made it much more easy to start your own marketplace.”
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