On January 1, former Coinbase CTO Balaji Srinivasan stated in an interview with the Network State Podcast that cryptocurrency serves as a backup for American values. He emphasized that cryptocurrencies are not just financial tools but also act as a contingency plan amid pressures on existing institutions. Srinivasan compared the evolution of systems from common law and constitutions to smart contracts, suggesting that individuals can achieve formal equality in rule-making within the internet and smart contract frameworks. He also discussed various practices of bringing cloud communities into the real world, asserting that digital order could continue to function amid real-world turmoil, providing a foundation for future societal restructuring.
Balaji Srinivasan: Cryptocurrency as a Backup for American Values
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