Chapter
The Responsibility of Being Your Own Bank
1:28:42 - 1:38:56 (10:14)
There is a lot of responsibility and logistics that go into being your own bank, especially in the world of NFTs with the risk of fraud and sophisticated social engineering, pushing for more decentralization derived from the desire for sovereignty and power.
Clips
While being your own bank in a decentralized world can have benefits, there are also responsibilities and potential risks such as fraud and lack of law enforcement.
1:28:42 - 1:34:51 (06:08)
Summary
While being your own bank in a decentralized world can have benefits, there are also responsibilities and potential risks such as fraud and lack of law enforcement. Insurance companies such as Nexus mutual can provide protection against the downside of smart contract risk.
ChapterThe Responsibility of Being Your Own Bank
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 Global Village Construction set is a kit of 30 open source machines that can be built from scratch to help rebuild civilization.
1:34:51 - 1:37:10 (02:19)
Summary
The Global Village Construction set is a kit of 30 open source machines that can be built from scratch to help rebuild civilization. In the future we may see a move towards robotic autarkic farms, where even a few thousand people could operate something decent.
ChapterThe Responsibility of Being Your Own Bank
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 speaker talks about how the cycle of centralization and decentralization leads to the need to rebuild the world from scratch, and discusses open-source ecology as a way to do so.
1:37:10 - 1:38:56 (01:45)
Summary
The speaker talks about how the cycle of centralization and decentralization leads to the need to rebuild the world from scratch, and discusses open-source ecology as a way to do so.