Chapter
Municipal Bonds, City Tokens and REITs
2:35:14 - 2:41:49 (06:35)
A concept is discussed where a City or State-based token is created which would incentivize citizens to contribute more as the city expands, backing it as a REIT, which will result in every square meter becoming a share in the REIT.
Clips
The idea that something is not good simply because it's too crowded can sometimes be true if it cannot scale to meet the demand.
2:35:14 - 2:35:44 (00:30)
Summary
The idea that something is not good simply because it's too crowded can sometimes be true if it cannot scale to meet the demand. Such was the case with Friendster, which couldn't handle the traffic and lost to competitors who could, leading to the fallacy "nobody goes there anymore- it's too crowded."
ChapterMunicipal Bonds, City Tokens and REITs
Episode#547: Balaji Srinivasan — Centralized China vs Decentralized World, The DeFi Matrix, Ascending vs Descending Trends, Bitcoin Mining as Energy Storage, Reputational Civil War, and Maximalism vs. Optimalism
PodcastThe Tim Ferriss Show
The concept of aligning incentives at the city or state level through the use of municipal bonds or city tokens, where taxes or fees paid by residents are converted into tokens for economic interests at the city level, can be an effective way to align economic incentives for the benefit of the city as a whole.
2:35:44 - 2:39:55 (04:11)
Summary
The concept of aligning incentives at the city or state level through the use of municipal bonds or city tokens, where taxes or fees paid by residents are converted into tokens for economic interests at the city level, can be an effective way to align economic incentives for the benefit of the city as a whole. This concept could also allow the city to reorganize as a REIT with every square meter becoming a share in the REIT.
ChapterMunicipal Bonds, City Tokens and REITs
Episode#547: Balaji Srinivasan — Centralized China vs Decentralized World, The DeFi Matrix, Ascending vs Descending Trends, Bitcoin Mining as Energy Storage, Reputational Civil War, and Maximalism vs. Optimalism
PodcastThe Tim Ferriss Show
The holding period is a technique used to prevent people from flipping and rediscovering loyalty or patriotism in economic transactions.
2:39:55 - 2:40:31 (00:36)
Summary
The holding period is a technique used to prevent people from flipping and rediscovering loyalty or patriotism in economic transactions. It can be described as unbundling and rebundling.
ChapterMunicipal Bonds, City Tokens and REITs
Episode#547: Balaji Srinivasan — Centralized China vs Decentralized World, The DeFi Matrix, Ascending vs Descending Trends, Bitcoin Mining as Energy Storage, Reputational Civil War, and Maximalism vs. Optimalism
PodcastThe Tim Ferriss Show
Loyalty produces collective goods that an individual can’t necessarily have on their own, making other people’s loyalty valuable as it ensures stability.
2:40:31 - 2:41:49 (01:17)
Summary
Loyalty produces collective goods that an individual can’t necessarily have on their own, making other people’s loyalty valuable as it ensures stability. HODL, a term coined by a drunk man’s post in a chat room during the 2013 Bitcoin crash, has become a popular term meaning “hold on for dear life” or a “reverse engineered acronym”.