Chapter
Consensus and Democracy
1:41:22 - 1:45:33 (04:10)
The current form of government, 51% democracy, is essentially a form of dictatorship because it does not take into account the consent of the minority. The speaker proposes a new system, 100% democracy, made possible by cryptographic consensus in cryptocurrencies, which could reshape the world of atoms.
Clips
The lack of consensus among individuals has prevented the reshaping of the physical world.
1:41:22 - 1:44:22 (03:00)
Summary
The lack of consensus among individuals has prevented the reshaping of the physical world. Cryptocurrency consensus allows for a 100% democracy that unites minds and transforms the world.
ChapterConsensus and Democracy
Episode#331 – Balaji Srinivasan: How to Fix Government, Twitter, Science, and the FDA
PodcastLex Fridman Podcast
This snippet explores the issues with democracy and how building consensus online could solve problems caused by imposing a leader upon those that voted against them, and how decentralized governance in godforsaken patches of territory could also lead to benefits.
1:44:22 - 1:45:33 (01:10)
Summary
This snippet explores the issues with democracy and how building consensus online could solve problems caused by imposing a leader upon those that voted against them, and how decentralized governance in godforsaken patches of territory could also lead to benefits.