Chapter
Abolishing the Local Police and the Future of Cryptocurrency
6:44:29 - 6:49:49 (05:19)
The speaker proposes abolishing local police but funding law enforcement agencies like the FBI or the Capitol Police. They also predict that in the future, cryptocurrency may cause a shift in political views and values, pulling some right-wing individuals towards adopting crypto but ultimately causing most to prioritize the American flag and the dollar.
Clips
The speaker suggests abolishing local police but funding the FBI and Capitol police, transforming the left versus right and libertarian versus authoritarian debate into a Bitcoin versus dollar and crypto discussion, potentially leading some people on the authoritarian right back to the fold and others on the upper right to choose the dollar and American flag over cryptocurrency.
6:44:29 - 6:48:17 (03:47)
Summary
The speaker suggests abolishing local police but funding the FBI and Capitol police, transforming the left versus right and libertarian versus authoritarian debate into a Bitcoin versus dollar and crypto discussion, potentially leading some people on the authoritarian right back to the fold and others on the upper right to choose the dollar and American flag over cryptocurrency.
ChapterAbolishing the Local Police and the Future of Cryptocurrency
Episode#331 – Balaji Srinivasan: How to Fix Government, Twitter, Science, and the FDA
PodcastLex Fridman Podcast
The physical world is experiencing various events and decisions that contribute to the rise of prices for many things.
6:48:17 - 6:49:12 (00:54)
Summary
The physical world is experiencing various events and decisions that contribute to the rise of prices for many things. COVID lockdowns in China and a giant war in Russia are just some of the factors, along with the resurgence of coal and wood burning as well as riots happening in various countries.
ChapterAbolishing the Local Police and the Future of Cryptocurrency
Episode#331 – Balaji Srinivasan: How to Fix Government, Twitter, Science, and the FDA
PodcastLex Fridman Podcast
The future of cryptocurrencies and fiat money is complicated.
6:49:12 - 6:49:49 (00:36)
Summary
The future of cryptocurrencies and fiat money is complicated. Bitcoin maximums argue that Bitcoin will go to infinity due to the limited 21 million supply, while fiat money could still move into cryptocurrencies through stable coins.