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Baner Club > Blog > Business > The cryptocurrency brethren envision crowdsourcing a new nation.
Business

The cryptocurrency brethren envision crowdsourcing a new nation.

Do you believe that democracy may be in jeopardy in light of the potential for political unrest ahead of November's US presidential election?

Last updated: 2024/09/20 at 9:58 AM
Published September 20, 2024
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A group of tech entrepreneurs with significant funding from Silicon Valley also do so. They adore it, too.
What if you could select your citizenship in the same manner as you select a fitness center membership? That’s Balaji Srinivasan’s view of the not-too-distant future. Like Madonna, Balaji is mostly known by his first name, but in the cryptocurrency world, he is a rock star. a venture capitalist and serial tech entrepreneur who thinks that technology can improve on almost everything that governments do now.
It was in a large conference hall outside of Amsterdam last autumn when I saw Balaji present his concept.

Can we create new nations if we create new businesses like Google, networks like Facebook, and currencies like Bitcoin and Ethereum? As he walked onto the stage wearing a loose tie and a little sloppy grey suit, he inquired. He had more of the appearance of a middle manager in a corporate accounts department than a rock star. But don’t fall for it. A former partner at Andreessen Horowitz, a big venture capital firm in Silicon Valley, is Balaji. His supporters are well-off.

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