Naval Ravikant On How Crypto Is Squeezing VCs, Hindering Regulators And Bringing Users Choice
Unchained
00:00
The Benefits of Blockchain for Individuals
I think most people don't want to, but they want to have a choice of who manages for them. So in today's model, if I need a bank, it has to be one of the Federal Reserve regulated member banks and there's just very little innovation or competition between them. In a blockchain based model, I can choose. If I want to manage my own identity, I can. And by having the choice, I'm in charge, whereas in communism, because I have no choice, I become a vessel.
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