Episode
E48: The role of decentralization, China/US break down & more with Bestie Guestie Balaji Srinivasan
1:28:43
Published: Sat Sep 25 2021
Description
Show Notes: 0:00 Bestie Guestie Balaji Srinivasan is introduced 6:01 Balaji's day in the life, Coinbase background, comparing crypto with early 2000's p2p music industry, China's lawful evil 16:09 China declares crypto transactions illegal, comparing and contrasting the US and China's future outlook 39:43 Chances of a revolution in China, predictions for the next 1-2 decades 48:37 Decentralized citizen journalism, the end of corporate journalism 58:11 Facebook's tough stretch continues: leaker might come forward with SEC, lawsuit over FTC payouts, public sentiment turning on big tech, decentralized social media 1:18:43 How decentralized media platforms would work mechanically Follow the besties: https://twitter.com/chamath https://linktr.ee/calacanis https://twitter.com/DavidSacks https://twitter.com/friedberg https://twitter.com/balajis Follow the pod: https://twitter.com/theallinpod https://linktr.ee/allinpodcast Intro Music Credit: https://rb.gy/tppkzl https://twitter.com/yung_spielburg Intro Video Credit: https://twitter.com/TheZachEffect Referenced in the show: https://www.wsj.com/articles/china-declares-bitcoin-and-other-cryptocurrency-transactions-illegal-11632479288 https://www.wsj.com/articles/xi-jinping-aims-to-rein-in-chinese-capitalism-hew-to-maos-socialist-vision-11632150725 https://www.readingthechinadream.com/ https://www.foreignaffairs.com/articles/united-states/1993-06-01/clash-civilizations https://www.amazon.com/End-History-Last-Man/dp/0743284550 https://www.amazon.com/Kill-Chain-Defending-America-High-Tech/dp/031653353X?asin=031653353X&revisionId=&format=4&depth=1 https://www.amazon.com/Gray-Lady-Winked-Misreporting-Fabrications/dp/1736703307 https://techcrunch.com/2021/05/12/vitalik-buterin-donates-1-billion-worth-of-meme-coins-to-india-covid-relief-fund/ https://twitter.com/balajis/status/1386288771872673793?lang=en https://twitter.com/VitalikButerin/status/1386024429629558784?s=20 https://www.amazon.com/Truth-Machine-Blockchain-Future-Everything/dp/1250114578 https://www.youtube.com/watch?v=JOWRembdPS8 https://www.washingtonpost.com/politics/2021/09/23/facebook-testify-kids-safety-lawmakers-probe-whistleblowers-revelations/ https://www.facebook.com/business/news/navigating-change-and-improving-performance-and-measurement https://www.politico.com/news/2021/09/21/facebook-paid-billions-extra-to-the-ftc-to-spare-zuckerberg-in-data-suit-shareholders-allege-513456 https://www.sec.gov/news/press-release/2021-177 https://www.wsj.com/articles/voters-want-to-curb-the-influence-of-big-tech-companies-new-poll-shows-11632405601?st=qnnf9nvvwigp https://medium.com/craft-ventures/masks-should-be-the-law-3f53f08709cc https://www.politico.com/story/2017/11/01/social-media-ads-russia-wanted-americans-to-see-244423 https://balajis.com/yes-you-may-need-a-blockchain/
Chapters
In this podcast episode, Balaji is interviewed by a group instead of the usual one-on-one and they discuss various topics like the properties of thread, due diligence, and more.
00:00 - 04:20 (04:20)
Summary
In this podcast episode, Balaji is interviewed by a group instead of the usual one-on-one and they discuss various topics like the properties of thread, due diligence, and more.
EpisodeE48: The role of decentralization, China/US break down & more with Bestie Guestie Balaji Srinivasan
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
David Sax briefly pauses his discussion on a new poll to ask Balaji Srinivasan about his upbringing and daily life.
04:20 - 08:32 (04:12)
Summary
David Sax briefly pauses his discussion on a new poll to ask Balaji Srinivasan about his upbringing and daily life.
EpisodeE48: The role of decentralization, China/US break down & more with Bestie Guestie Balaji Srinivasan
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
A conflict between individuals' desires and outdated regulatory frameworks is brewing, with cryptocurrency likely being the first battleground due to its complexity and the myriad of questions raised by the Securities and Exchange Commission (SEC).
08:32 - 16:32 (07:59)
Summary
A conflict between individuals' desires and outdated regulatory frameworks is brewing, with cryptocurrency likely being the first battleground due to its complexity and the myriad of questions raised by the Securities and Exchange Commission (SEC).
EpisodeE48: The role of decentralization, China/US break down & more with Bestie Guestie Balaji Srinivasan
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The episode discusses how the socialist and nationalist policies in China resemble Nazi Germany, how the US is moving towards socialist nationalism, and how the new America is a decentralized center.
16:32 - 23:32 (06:59)
Summary
The episode discusses how the socialist and nationalist policies in China resemble Nazi Germany, how the US is moving towards socialist nationalism, and how the new America is a decentralized center.
EpisodeE48: The role of decentralization, China/US break down & more with Bestie Guestie Balaji Srinivasan
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The West needs to realize that China isn't going to westernize, just modernize, and the reason why this flipped is because Xi Jinping wants complete control over the country.
23:32 - 31:45 (08:13)
Summary
The West needs to realize that China isn't going to westernize, just modernize, and the reason why this flipped is because Xi Jinping wants complete control over the country. Distributed entrepreneurism is creating social dollars in China, as much as it created dollars in more developed Western nations.
EpisodeE48: The role of decentralization, China/US break down & more with Bestie Guestie Balaji Srinivasan
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The Western world's interaction with other cultures, including colonialism and power grabbing, can be divided into three phases.
31:45 - 38:45 (06:59)
Summary
The Western world's interaction with other cultures, including colonialism and power grabbing, can be divided into three phases. One way this manifests is through the modernization and ownership of critical resources in countries such as Sierra Leone and Chile.
EpisodeE48: The role of decentralization, China/US break down & more with Bestie Guestie Balaji Srinivasan
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The leaders of the United States could follow the example of China’s economic system to secure people's basic necessities such as housing, food, and medicine, and progress at their own pace; however, this would mean the end of capitalism in the country.
38:45 - 45:52 (07:07)
Summary
The leaders of the United States could follow the example of China’s economic system to secure people's basic necessities such as housing, food, and medicine, and progress at their own pace; however, this would mean the end of capitalism in the country.
EpisodeE48: The role of decentralization, China/US break down & more with Bestie Guestie Balaji Srinivasan
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The only way to defend our freedom against China's technological advancements is by building technologies like encryption and decentralized social networks.
45:52 - 55:54 (10:01)
Summary
The only way to defend our freedom against China's technological advancements is by building technologies like encryption and decentralized social networks. We need better tools like on-chain fact-checking and voices from overseas that are not corrupted by for-profit moves to replace the current model of a biased media consisting of employees of for-profit corporations.
EpisodeE48: The role of decentralization, China/US break down & more with Bestie Guestie Balaji Srinivasan
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
A recent Politico article claims that Facebook paid billions of extra dollars to the FTC in order to protect Mark Zuckerberg and Sheryl Sandberg from depositions and personal liability in the Cambridge Analytica scandal, and that the whistleblower who went public will receive a large share of the fines.
55:54 - 1:04:32 (08:38)
Summary
A recent Politico article claims that Facebook paid billions of extra dollars to the FTC in order to protect Mark Zuckerberg and Sheryl Sandberg from depositions and personal liability in the Cambridge Analytica scandal, and that the whistleblower who went public will receive a large share of the fines. Additionally, Facebook admits for the first time that Apple's privacy updates are hurting their ad business.
EpisodeE48: The role of decentralization, China/US break down & more with Bestie Guestie Balaji Srinivasan
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The idea of a decentralized social network is often seen as a better solution to the current centralized platforms, but concerns around issues such as slander and child pornography have yet to be addressed.
1:04:32 - 1:13:38 (09:05)
Summary
The idea of a decentralized social network is often seen as a better solution to the current centralized platforms, but concerns around issues such as slander and child pornography have yet to be addressed. However, some argue that the current central arbiters are not doing enough to combat these issues either, and we are still far from decentralized social networking becoming the norm or a solution.
EpisodeE48: The role of decentralization, China/US break down & more with Bestie Guestie Balaji Srinivasan
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
In this podcast, Balaji Srinivasan speaks about the potential future of decentralized networks and its impact on social networks, media, and search.
1:13:38 - 1:24:28 (10:50)
Summary
In this podcast, Balaji Srinivasan speaks about the potential future of decentralized networks and its impact on social networks, media, and search. He suggests that the current centralized system feeds into a narrative of censorship and reinforces those in power.
EpisodeE48: The role of decentralization, China/US break down & more with Bestie Guestie Balaji Srinivasan
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Blockchains and block explorers make it easier to index information than the open web and social networks because they have an open state database in addition to open source code.
1:24:28 - 1:28:32 (04:03)
Summary
Blockchains and block explorers make it easier to index information than the open web and social networks because they have an open state database in addition to open source code. Indexing the open web is difficult due to the sheer number of websites.