Balaji Srinivasan

@balajis

15 days ago

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This review discusses one of the most important points: network states are not city states. Why? City states were defeated by nation states. They lacked the scale. But network states combine the agility of city states with the scale of nation states. From 1 to 1 million. t.co/So9rhUnMu9 t.co/El43qtHMll

To beat fiat one can’t return to gold. Why? Because gold was defeated by gold seizures. So Satoshi needed to invent bitcoin: a v3 combining the benefits of gold (v1) and electronic fiat (v2). The same logic applies to countries. City states → Nation states → Network states

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