131 - Rise of the Network State | Balaji Srinivasan
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 8 August 2022
⏱️ 104 minutes
🧾️ Download transcript
Summary
✨ DEBRIEF ✨ | Ryan & David's Unfiltered Thoughts on the Episode: https://shows.banklesshq.com/p/debrief-rise-of-the-network-state
Balaji Srinivasan is an investor, founder, and Former CTO of Coinbase and GP at a16z and author of The Network State, which will be the main focus of the podcast today.
The Network State explores ideas surrounding digital communities and the future of how we coordinate as a species. A startup society fosters the emergence of network unions, which evolve into a network archipelago—eventually calcifying into the network state.
As we muse about the fate of human systems, we explore mental models for understanding the digital revolution and how we can allow coordination to thrive.
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Topics Covered:
0:00 Intro
6:19 Common Denominators
8:50 Micro vs. Macro History
15:15 The Network State
19:05 Online Communities
23:50 Nation vs. The State
36:20 Why A Nation State
40:18 The One Commandment
1:02:44 Being Inside the Network State
1:08:00 Bankess x the Network State
1:13:38 What’s the Incentive?
1:19:30 Violence’s Role
1:33:48 Non-Wealthy Critique
1:38:53 Everyone Joins the Network State
1:44:20 Network State Action Items
1:48:46 Closing & Disclaimers
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Resources:
Balaji
https://twitter.com/balajis
The Network State
https://thenetworkstate.com/
Dashboard
https://thenetworkstate.com/dashboard
Vitalik’s Review
https://vitalik.ca/general/2022/07/13/networkstates.html#what-is-a-network-state
One Commandment
https://thenetworkstate.com/the-one-commandment
FDIC Insured Bank Charts & Fintech Tweets
https://twitter.com/balajis/status/1351068210930601984
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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Transcript
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| 0:00.0 | Welcome to Bankless, where we explore the frontier of internet money and internet finance. |
| 0:11.5 | This is how to get started, how to get better, how to frontrun the opportunity. |
| 0:15.1 | This is Ryan Sean Adams. |
| 0:16.1 | I'm here with David Hoffman, and we're here to help you become more bankless guys. |
| 0:20.8 | We have a fantastic episode with not other than Bellaji, who is a pleasure to talk to you. |
| 0:26.0 | He's one of those people where I listen to every podcast I can that he is speaking. |
| 0:30.2 | He's kind of like Vitalik in that category. |
| 0:32.8 | The premise of this episode is the rise of what he calls the network state. |
| 0:37.9 | This is a cryptography-empowered country. |
| 0:41.2 | We're going to dig into this, but the tantalizing prospect is this. |
| 0:44.9 | What if online communities could use crypto to form their own nations? |
| 0:50.0 | Bellaji says not only is this possible, it's actually the way forward for humanity. |
| 0:54.3 | The network state as the successor to the nation state that we all live in today. |
| 0:58.9 | So a few things to take out of this episode. |
| 1:01.7 | Number one, the inflation, the wars, the protests, the populism we see, Bellaji goes through |
| 1:06.7 | the common denominator to all of these things. |
| 1:09.0 | Number two, how a discord community can launch a country. |
| 1:12.5 | We go through an example for the bankless nation, what that might look like in Bellaji's |
| 1:16.8 | framework. |
| 1:17.8 | Number three, the one commandment Bellaji says for launching a network state, the thing |
| 1:21.5 | you absolutely have to have. |
| 1:23.5 | Number four, countries in the cloud, let's talk about some of the critiques. |
... |
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