Naval Ravikant and Balaji Srinivasan on Why History Points to Crypto

This episode was initially recorded before a live audience in 2018. Erik talks with Naval Ravikant and Balaji Srinivasan about the history of money and centralization and why crypto has the potential to fulfill the promise of the internet. Access global engineering without the headache and at a fraction of the cost: head to choosesquad.com and mention “Turpentine” to skip the waitlist.
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This show is produced by Turpentine: a network of podcasts, newsletters, and more, covering technology, business, and culture - all from the perspective of industry insiders and experts. We’re launching new shows every week, and we’re looking for industry-leading sponsors - if you think that might be you and your company, email us at [e-mail].
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SPONSOR: SQUAD
Squad: 💥 Access global engineering without the headache and at a fraction of the cost: head to choosesquad.com and mention “Turpentine” to skip the waitlist.
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TIMESTAMPS:
(00:00) Intro
(00:30) Decentralization and Blockchain: A Deep Dive with Naval Ravikant and Balaji Srinivasan
(06:22) Personal Journeys into the World of Cryptocurrency
(08:27) Debating Bitcoin vs. Blockchain: Perspectives and Predictions
(12:22) Sponsors: Squad | Turpentine
(14:33) The Social and Economic Implications of Blockchain Technology
(19:55) Blockchain Beyond Money: Envisioning Future Applications
(22:43) Crypto as a Social Phenomenon: Tribalism and Governance
(28:10) Envisioning a Decentralized Future: Microeconomics and Global Impact
(31:36) The Irony of Missing Out: Venture Capitalists and Karma
(36:02) The Global Impact of Blockchain on Identity and Ownership
(36:54) Navigating Regulations in a Decentralized Economy
(38:29)The Role of Crypto in Redefining Wealth Distribution
(40:05) Balaji and Naval's Vision
(46:48) What Do Failure Models Look Like?
(51:43) How Blockchain Can Provide New Career Opportunities, Not Just In Silicon Valley
(53:33) The Potential and Challenges of Emerging Technologies
(54:55) Identity in a Blockchain World
(58:23) On Blockchain Intersecting With Other Emerging Technologies
(59:57) What Types Of Players Are Going To Be The Big Winners And Losers?
(1:00:56) Empowering the Next Generation of Builders
(1:04:04) Visionary Ideas for Changing the World
(1:05:41) Wrap
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X / TWITTER:
/ naval (Naval)
/ balajis (Balaji)
/ eriktorenberg (Erik)
/ upstream__pod (Upstream)
/ turpentinemedia (Turpentine)
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For guest or sponsorship inquiries please contact [e-mail]
Music license:
OYOCYNQ0XUH22PB8

[@wagmi614]

WISH WE HAD A VIDEO VERSION OF THIS

[@maxbrych7354]

kzbin.info/www/bejne/opzNiJ-Lp5l-oMk

[@fire17102]

​@@maxbrych7354you're the man! Also 2018?? Just noticed that, thanks🙏👍

[@neutron417]

it's taken from a video lol

[@InkaHacker]

Omg. Too short! We deserve 8 hours minimum

[@IlEagle.1G]

Titans!!!

[@CriptoWilly]

This is great. When was this recorded?

[@theusersol]

Aaaaahhhhhh I love these guys

[@_example]

More discussions like this

[@amulpatel]

Ok you both of the leading futurists talking … SOLD

[@subhranshudas8862]

i wish there were 5 like buttons.

[@ninjahsk5748]

Set up burner accounts and use them to like the video.

[@scottbambacigno3066]

Proof of stake blockchains create a new set of gatekeepers due to highly networked Silicon Valley investors getting in early on the “premines”. When 70% is controlled by a small select few they are the new gatekeeper. Follow the incentives and you’ll know where they are coming from.

[@scottbambacigno3066]

If buying a token is an “investment” doesn’t that make it a security?

[@tuckerbugeater]

part 1 of 10

[@randknutson5239]

How tf did I miss this

[@johngammon963]

Bitcoin yes, everything else is going to zero

[@mf-ud1uo]

nope ,btc can't do anything, except be the mark of the beast coin...

[@qayotee]

I agree with many things they say. But eventually everything you want secured will be on Bitcoin. Not on any other unsecure crypto blockchain with counter parties. Bitcoin chose decentralization and security. No other crypto can compete with that. But everything can be on Bitcoin blockchain as Bitcoin is built in layers as internet is. I guess these guys are heavily invested in crypto and therefore love the broader crypto space. Sure crypto will come up with stuff fast (and break stuff) but everything they make up will be more secure on Bitcoin.. so just a matter of time before it comes to bitcoin. It’s just a question of “do you want secure or pretty secure”..”eh I think I’ll go for secure thank you “

[@martinlutherkingjr.5582]

In principle that makes sense but in practice centralized blockchains have utility for the time being unless similar infrastructure is built on top of bitcoin. For example, stable coins are incredibly valuable to people in 3rd world countries. Yes, there’s a chance the centralized blockchains they’re hosted on shut down but they cannot get a US bank account and even those who can are more restricted on how they can transact within the banking system than on a centralized blockchain. Good software doesn’t build itself so it could be we end up in a world where some good tools are developed on centralized blockchains and they exist as an alternative to the centralized fiat system because of its added flexibility the banking system will never offer.

[@4nxy]

goats

[@eugeniocg3079]

!!!

[@KevinFisch]

Auger? Zcash? This is from 2016...

[@raw-bot9251]

I feel bad for the "boy in Bangladesh". Everyone talks of him!

[@scottbambacigno3066]

“Digitized”. Anything in a database is inherently “digital”. Having a “blockchain” doesn’t make something more “digital” than a standard database.

[@Texas_Uncut]

Xrp will be that bridge reserve currency

[@raw-bot9251]

Balaji, don't talk up India. the rods are shit...and it's too crowded...just be real

[@4nxy]

computers can't be creative? ummm...... lmao

[@julioneira1211]

There's only 1 blockchain that's provably decentralized and provably secure and entirely open to all. The "crypto" stuff is not any of those. Bitcoin is BOTH the money AND the blockchain, they don't exist without each other.

[@bitcoinguerilla]

BITCOIN NOT BLOCKCHAIN.

[@onetwokaafour]

BLOCKCHAIN NOT BITCOIN!

[@Nick_Leo]

BITCOIN AND BLOCKCHAIN BUT NOT SHITCOINS*** Lol blockchain has uses outside of BTC, but BTC is the only perfect money we have.

[@mickywes3733]

YHIS IS SIX YEARS OLD🖕

[@kboyle1127]

How do you still not know how to pronounce Balaji’s name? So cringeworthy and disrespectful

[@knnmran]

Naval is on the wrong side of the history here! Time will show!