Bitcoin at 10,000 is an industry. Bitcoin at 100,000 is a world power. And Bitcoin at a million is a global

government. It's just not the one that anybody expected. It's funny to put it that way.

A lot of people thought about a global government in different ways. And essentially,

there's been two factions, those people who are pro freedom and don't want a global government.

And those people who are, let's say, pro order or pro state who do want a global government. But Bitcoin

at a million is like a pro freedom global government, which seems like a paradoxical thing that

neither group really understands. Welcome back to the breakdown with me, NLW.

It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.

The breakdown is sponsored by Nidig and produced and distributed by CoinDesk.

What's going on, guys? It is Monday, September 6th, and that means it's Labor Day. Because it's Labor Day, we're doing a rerun of an interview that I did that was extremely popular and is one of

the interviews that I have the most people still come ask me about to this day. Unsurprisingly,

it's an interview with Balai's Srinivasa.

Bologi is an angel investor, an entrepreneur. He's the former CTO of Coinbase, a former general

partner of Andreessen Horowitz, and mostly people just know him for his incredibly expansive,

synthesizing brain and perspective. Bologi is the type of guy who I love to talk with about how different things intersect,

not just about trends, but about the broad patterns of history that shape where we've been,

where we are, and where we might be going.

In this conversation, we talk about networks and how they take a power role once reserved

for God and the state.

We talk about why pre-internet institutions will not survive the internet.

We talk about one of his most intriguing concepts, woke capital versus communist capital

versus crypto capital.

...