Ep 74 | Unleashing Blockchain’s Transformative Potential with Balaji Srinivasan

Some observers think months or even years ahead. Balaji Srinivasan thinks decades ahead. But Balaji is no mere theoretical futurist. Across a storied career that includes stints at a16z and Coinbase, the acclaimed investor and bestselling author of “The Network State” has helped build and launch some of the crypto industry’s most successful companies and assets, including a key role in developing Circle’s own USDC. In a conversation they recorded during the Singapore Fintech Festival in early November, Jeremy and Balaji discussed a wide range of topics, including solving for scale adoption, unlocking super high utility value, and new competition for fiat currencies.

Some observers think months or even years ahead. Balaji Srinivasan thinks decades ahead.

But Balaji is no mere theoretical futurist. Across a storied career that includes stints at a16z and Coinbase, the acclaimed investor and bestselling author of “The Network State” has helped build and launch some of the crypto industry’s most successful companies and assets, including a key role in developing Circle’s own USDC.

In a conversation they recorded during the Singapore Fintech Festival in early November, Jeremy and Balaji discussed a wide range of topics, including solving for scale adoption, unlocking super high utility value, and new competition for fiat currencies.

Some key ideas they discussed:

Why half the world’s population may well store a substantial portion of their assets on chain by 2040.
Why we haven’t yet accepted the idea that there ought to be no borders to economic activity.
Why companies may increasingly put their financial statements on chain.
How blockchain technology can expand property rights to marginalized populations.
Why our reality and virtual reality may increasingly be defined by digitally gated space.

Balaji and Jeremy also discuss how the Bitcoin ecosystem is comparable to the early days of the internet and how blockchain technology has the potential to revolutionize the way that companies are formed and managed.

*Balaji played a key role in developing Circle’s own USDC.

In their Money Movement conversation, Balaji and Jeremy cover:

👉 [00:01:00] Mainstreaming crypto technology
👉 [00:06:42] Leveraging the economic value of blockchain
👉 [00:08:00] The future of blockchain and its gradual success rate
👉 [00:10:50] How companies can be formed on chain
👉 [00:12:40] The global crypto economy
👉 [00:14:27] Blockchain hybrid models
👉 [00:17:52] The benefit of holding assets in digital currency
👉 [00:34:00] Digital currency vs fiat, the battle for sovereign recognition

If you’re interested in the far-reaching applications of blockchain technology, tune in to this episode of The Money Movement!

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And connect with Balaji here:

👉 Twitter: https://twitter.com/balajis
👉 LinkedIn: https://www.linkedin.com/in/balajissrinivasan
👉 Website: https://www.coincenter.org

About the show

The global economy is experiencing unprecedented challenges and change. Business leaders everywhere are grappling with how to transform their companies to become more digital, resilient, and efficient. As we face this change, a new global movement is building around the promise of digital currencies and blockchains — forming a new architecture for the global economy and creating new opportunities for companies everywhere. The

Money Movement explores the issues, ideas, and icons driving this transformation in how we spend, spend, save, and store value.

The Money Movement is brought to you by Circle. Our mission is to raise global economic prosperity through the frictionless exchange of value. Learn more about Circle Business Accounts and Platform APIs at circle.com.