Balaji Srinivasan, says a proverbial 'giant robot' of supportive governing bodies and crypto proponents is needed to do battle with the 'giant monster' of the U.S. federal government.
emphasized to attendees that difficult economic and societal changes are coming, but he is also optimistic about the tools crypto and the larger community focused on “network states,” already provide to weather the storm.
The author noted he is working on a follow-up to his book The Network State, and creating videos to go along with it, because “a lot of those things that I thought were going to come in ten years might be coming in a few years.” Once we have digital lockdown, which is coming, and that’s capital controls, wage controls, price controls, CBDCs that get rolled out [to] try to block the exits. That’s actually easier in some ways to roll out than physical lockdown. Digital lockdown — the alternative to that … is freedom, is cryptocurrency, is bitcoin, and I believe it is what you guys are also building.
Srinivasan said the shift will go from people thinking Web3 is “this stupid thing” in an adversarial environment to where it becomes an “absolutely necessary thing.”Addressing American politics repeatedly in his presentation and in the Q&A session after, Srinivasan said that “the farther you are away physically, financially, and socially from Blue America the better off you are.
“Find jurisdictions like El Salvador. Find jurisdictions like Palau. Find places where the state is actually supporting the network. Do deals with them … And then you’ve got state support and you’ve got, you know, a government in your corner.” The author brought up the Hollywood film Pacific Rim, where he noted that humans were unable to fight a massive monster that had emerged from the sea:
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