It was easier to found Bitcoin than to reform the Fed. It is easier to start a n... | by Balaji

Balaji

@balajis

3 months ago

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It was easier to found Bitcoin than to reform the Fed. It is easier to start a new city than to reform San Francisco. t.co/xKQxfPkIPW

Tech's model is based on a clean slate, with empowered management, and venture returns. You get all of those in a startup city, and none of them in a failed state.

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