from Balaji | by Balaji



over 1 year ago

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Mobility is liquidity.

Cash is king, but passport is queen.

Buffett likes cash because of its optionality. That’s also what mobility gives: optionality.

A mobility freeze — like what China has done with endless lockdowns and exit denials — is comparable to a cash seizure. Both are state infringements on freedom.

That’s the next major step after digital currency: digital passports. Telepresence and AR holograms aren’t on most people’s radars yet, but they allow people to teleport across borders for work and back. Your immigration policy becomes your firewall. All borders become digital.

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