Balaji Srinivasan: Bitcoin and the Search for Truth

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We suppose it’s becoming that this, the fiftieth episode of “Money Reimagined,” is being revealed inside a historic week for the crypto group, when the launch of a futures-focused bitcoin exchange-traded fund helped drive the main cryptocurrency to a brand new all-time excessive simply shy of $67,000.

This episode is sponsored by Quantstamp.

It’s additionally becoming that at this second in time – one that’s actually trying like a “crypto moment,” outlined not solely by hovering bitcoin costs but in addition explosive curiosity in non-fungible tokens (NFT) and decentralized finance (DeFi) – the “Money Reimagined” visitor this week is somebody who’s been concerned in the crypto journey for nearly a decade.

Joining Michael Casey and Sheila Warren for this particular “OG edition” is Balaji Srinivasan, a serial entrepreneur, investor and influential essayist. Srinivasan is a former CTO of Coinbase, a former basic companion at Andreessen Horowitz and the founding father of 21.co, earn.com and quite a lot of different startups. His eclectic pursuits vary from genetics – through which he led analysis at Stanford – to finance, to political historical past, to the way forward for journalism.

Last 12 months, Srinivasan was acknowledged as certainly one of CoinDesk’s “Most Influential,” as a lot as for his prescient warnings about COVID-19 and for mobilizing the crypto group to answer it as for his insights into the course of the blockchain know-how. More not too long ago, he has grow to be a considerably controversial critic of media organizations and an advocate for new, decentralized fashions of reality.

That latter subject is the place this week’s dialog ended up. What started as a dialogue about Srinivasan’s early pursuits in bitcoin and the way it noticed it taking part in into his view of technological disruption as historical past’s principal driver of financial and social transformation moved into a good deeper consideration of the nature of “truth” and who will get to outline it.

Have a hear as Srinivasan breaks down his arguments for why the future lies in trusting distributed “cryptographic truth” relatively than the values of centralized information organizations.

This episode was produced and edited by Michele Musso with bulletins by Adam B. Levine. Our theme track is Shepard.