A Primer on Balaji’s “Network State”

The Breakdown

Blockworks

Investing, Business

4.8 • 786 Ratings

🗓️ 18 July 2022

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This episode is sponsored by Nexo.io, Chainalysis, FTX US and Ava Labs. On this week’s Long Reads Sunday, NLW reads the “essay” version of Balaji Srinivasan’s new book “The Network State” - Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io. - Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com. - FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today. - Ava Labs releases Core, the free, non-custodial browser extension, built for the power of Avalanche. Core is an all-in-one operating system bringing together Avalanche apps, Subnets, bridges and NFTs in one seamless, high-performance experience. Eager to start using Web3 dapps to their fullest potential? Download today at core.app! - “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Michele Musso and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: Andriy Onufriyenko /Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

Transcript

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0:00.0	Welcome back to The Breakdown with me, NLW.
0:09.2	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:14.8	The breakdown is sponsored by nexus.com, chain aliasis, and FtX, and produced and distributed by CoinDes.
0:22.9	What's going on, guys? It is Sunday, July 17th, and that means it's time for Long
0:27.5	Reads Sunday. Before we get into that, however, if you are enjoying the breakdown, please go
0:32.6	subscribe to it, give it a rating, give it a review, or if you want to dig deeper into the
0:36.7	conversation,
0:42.8	come join us on the Breakers Discord. You can find a link in the show notes or go to bit.ly slash breakdown pod. Also, a disclosure as always, in addition to them being a sponsor of the show,
0:47.9	I also work with FTX. And finally, this week I have loved having Aval Labs as a sponsor.
0:54.4	Did you know you can bridge Bitcoin natively across the Avalanche bridge
0:57.8	and take advantage of the thriving DeFi ecosystem on Avalanche?
1:01.7	This is just one of the innovative features of CORE,
1:03.9	the new non-custodial browser extension and wallet developed by Avalabs.
1:08.5	Core is engineered for Avalanche users to have the most secure and
1:11.5	seamless Web3 experience. Easily swap assets, display your NFTs in style, and store your
1:17.3	assets in a ledger-enabled wallet. Plus, you can put real dollars in your Core wallet in just a few
1:22.5	clicks. Go to core.app to access the full power of Web3 on Avalanche. And thanks again to those guys
1:28.7	for sponsoring the show this week. Now, today we are doing an LRS that I am extremely excited
1:35.2	for. Balaji Shrinivasan is one of the most interesting thinkers in the crypto space, or really just
1:40.7	the internet world writ large. He has been on the show, of course, and it was one of
1:45.0	my favorite, wide-ranging, big think-type episodes that we've ever had. Now, Balaji has been a little
1:50.8	quiet for a while, and what he's been working on is a new book project called The Network State.
	...

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