Sardor pfp
Sardor
@sardorx
Blockchain ensures digital property. Why @balajis.eth is ultra-bullish on crypto Balaji Srinivasan: «With social media, we’re still in the kind of communist era of social media. Where whatever you earn on social media, like Google takes its cut, Twitter 100, you’re nothing for all your tweets or anything like that. You might get a little revenue share on TikTok or YouTube, you can do okay, right? But not only you earn either nothing or a little bit, you have no digital property rights, even more fundamentally. You are at the just whim of a giant corporation can hit a button and everything you work for over years gone. Okay, that is even if that is quote the current state of events the State of Affairs, rather that is not the right balance of power to be able to unperson somebody at the touch of a key and take away everything in their digital world.
3 replies
0 recast
2 reactions
Sardor pfp
Sardor
@sardorx
When we’re living more and more in the digital world. We need to check on that power and the check on that power is crypto. It's property rights and it's decentralization. When I say digital, especially in decentralization, I mean your money and your digital property is by default yours, and there has to be a due process to for someone to take that away from you. Everything, all work is online, all your money is online, your presence is online. I'm a medium and long-term bull on crypto simply because to check on this thing, and that if you think about in terms of just abstract decentralizations, one thing but you think about in terms of property rights it's quite another and um now what that also means is once you have property rights and you have decentralized social media it'll be like the explosion of trade that happened after China went from communist capitalist literally billions of people around the world are no longer giving everything to the collective they own.
0 reply
0 recast
2 reactions