The Balaji Fund, backed by Coinbase CEO Brian Armstrong and other wealthy tech players, aims to fund “Network States” free of overbearing regulations.
More efforts from tech bros to build Rapture.
Interesting quotes:
it had backing from tech heavyweights such as billionaire Coinbase CEO Brian Armstrong, AngelList co-founder Naval Ravikant, and venture capitalist** Fred Wilson**, a Coinbase board member who sold his shares in the company for $1.8 billion after it went public in 2021.
“Bitcoin, if it wins, completely changes the world, because it changes the ability of centralized states to do what they’ve been doing,” Srinivisan said in a presentation delivered to a Bitcoin conference in Amsterdam in October.
The Bitcoin-based Network State will be based on “internet values” such as “open source” and “peer-to-peer,” Srinivasan has written.
An utopia run on Bitcoin? What could possibly go wrong?
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Wait, they want to put all the assholes in one place? We should let them, it’ll make it easier later.
But part of it is decentralized! Can’t we just slap a blockchain on anything and declare the whole thing immune to coercion? /s