5 episodes

What comes after Google, Facebook, Bitcoin, and Ethereum? Perhaps it's the startup country — the network state. Balaji interviews tech founders and policymakers from around the world on managing billions of dollars and millions of people, as well as what it might take to start a new kind of state.

The Network State Podcast Balaji Srinivasan

    • Technology
    • 4.9 • 97 Ratings

What comes after Google, Facebook, Bitcoin, and Ethereum? Perhaps it's the startup country — the network state. Balaji interviews tech founders and policymakers from around the world on managing billions of dollars and millions of people, as well as what it might take to start a new kind of state.

    #5 - India's Largest Exit

    #5 - India's Largest Exit

    The $16B acquisition of Flipkart was the largest in Indian tech history. Balaji speaks with Flipkart founder/CEO Binny Bansal on how he built the company from scratch when Indian startups weren't even a thing — and how Flipkart's rise parallels the rise of India itself.

    • 2 hr 41 min
    #4 - The Winklevoss Twins and Balaji

    #4 - The Winklevoss Twins and Balaji

    Tyler and Cameron Winklevoss talk with Balaji about how Washington, DC is losing crypto, while other countries like the UAE and Japan are winning web3.


    OUTLINE

    0:00 - I'm 6'5", 220, and there's two of me!

    0:58 - Crypto flippening from America to Asia

    7:15 - Crypto-friendly jurisdictions in the US: Wyoming, Tennessee

    8:10 - The SEC is a failed regulator

    18:45 - Crypto-friendly jurisdictions worldwide: Japan, Hong Kong, Dubai, El Salvador

    27:31 - Winklevosses expanding in India

    33:25 - What comes out of crypto?

    35:45 - Flashback to 2013 TechCrunch Disrupt

    37:01 - Crypto and AI, without the buzzword bingo

    44:14 - The Winklevoss city


    LINKS

    1) Gemini: https://www.gemini.com/careers

    2) Wyoming DAO law: https://legalnodes.com/article/wyoming-dao-llc

    3) Tennessee DAO law: https://www.natlawreview.com/article/beyond-reasonable-daoubt-tennessee-s-limited-liability-statute-decentralized

    4) UAE Virtual Asset Regulatory Authority (VARA): https://www.vara.ae/en

    5) Japan Web3 support: https://www.coindesk.com/policy/2023/04/06/japan-releases-web3-white-paper-to-promote-industry-growth-in-the-country

    6) 2013 TechCrunch with Balaji, Naval, Winklevosses: https://techcrunch.com/2013/09/10/disrupt-sf-13-bitcoin-panel


    VIDEO
    YouTube: https://youtu.be/STbYujxjk1E



    SOCIAL
    https://twitter.com/cameron

    https://twitter.com/tyler

    https://twitter.com/balajis

    https://thenetworkstate.com

    • 50 min
    #3 - The President of Palau

    #3 - The President of Palau

    The President of Palau and Balaji discuss how the tiny island country is becoming a digital leader, experimenting with everything from on-chain identity to drone delivery.  

    Despite having less than 20,000 citizens, Palau is a full UN member state. Its path to diplomatic recognition holds many lessons for aspiring founders of new communities. Joining Palau President Surangel Whipps Jr. in this chat is William Wang, founder of rns.id, the Palaun government’s crypto identity partner.



    OUTLINE 

    0:00 - Intro 

    2:03 - The Republic of Palau 

    6:18 - Palau's path to sovereignty 

    8:35 - How Palau is using crypto 

    10:40 - The President's background 

    16:51 - Returning to Palau 

    18:42 - What is RNS.ID?

    25:08 - Palau's government structure 

    27:23 - Partnerships in Palau 

    34:15 - Diplomatic relations 

    36:29 - The advantages of small countries 

    42:00 - Palau's developing technologies 

    45:04 - Gaining diplomatic recognition 

    48:59 - Outro  



    VIDEO 

    YouTube: https://youtu.be/3FuQvG2dmM4



    CREDITS 

    Editing: twitter.com/DholakiaJaydeep

    Images: twitter.com/elijah10t 



    SOCIAL 

    twitter.com/Surangeljr 

    rns.id 

    twitter.com/balajis 

    thenetworkstate.com/podcast

    • 51 min
    #2 - Tobi Lütke & Kaz Nejatian on Shopify's Country-Sized Economy

    #2 - Tobi Lütke & Kaz Nejatian on Shopify's Country-Sized Economy

    Tobi Lütke (Shopify Founder & CEO), Kaz Nejatian (Shopify COO), and Balaji review how Shopify rose from tiny startup to $180B+ global economy, with an annual GMV on par with the GDP of New Zealand. In the process they touch on Hayek, the Hanseatic League, merchant cavemen, the history of the corporation, and the optimal level of platform decentralization.

    OUTLINE
    00:00 - Introduction
    02:39 - Shopify has the scale of a small country
    08:49 - Lifestyle businesses take up your whole life
    20:52 - SMBs can be harder than startups
    27:13 - Shopify could invest in its merchants
    32:23 - Shopify's economy is on par with Greece or New Zealand
    38:40 - Money, time, risk, attention
    39:55 - Is all retail a form of arbitrage?
    47:14 - The history of the corporation informs the development of smart contracts
    56:57 - Founders start as lead engineer, end up as chief psychiatrist
    1:00:27 - Shopify is not just technology but community
    1:06:26 - The concept of computational context
    1:14:34 - Shopify as a dashboard for the global economy
    1:22:48 - Atoms are so much more complex than bits
    1:28:41 - Balancing centralized vs decentralized at Shopify
    1:43:26 - If they could start a new country, what would Tobi and Kaz build?
    2:03:28 - Kaz on working at Shopify
    2:04:31 - Tobi's parting thoughts


    LINKS
    1) 100 true fans: kk.org/thetechnium/1000-true-fans/
    2) Gobekli Tepe: smithsonianmag.com/history/gobekli-tepe-the-worlds-first-temple-83613665
    3) Shopify active merchant: github.com/activemerchant/active_merchant
    4) Fall of Civilizations: youtube.com/@FallofCivilizations
    5) Founding vs Inheriting: thenetworkstate.com/founding-vs-inheriting
    6) Shopify careers: shopify.com/careers


    VIDEO
    YouTube: youtube.com/watch?v=DfrhCGpRCPI


    CREDITS
    Editing: twitter.com/DholakiaJaydeep
    Images: twitter.com/elijah10T


    SOCIAL
    twitter.com/tobi
    twitter.com/CanadaKaz
    twitter.com/balajis
    thenetworkstate.com

    • 2 hr 7 min
    #1 - Vitalik Buterin on Starting New Countries, Upgrading Ethereum, and Improving Yourself

    #1 - Vitalik Buterin on Starting New Countries, Upgrading Ethereum, and Improving Yourself

    A discussion between Vitalik Buterin and Balaji Srinivasan on starting new countries, improving yourself, and upgrading Ethereum.

    OUTLINE
    00:00 - Introduction
    01:27 - A brief history of Ethereum
    16:54 - The DAO hack
    20:32 - The Devcon 2 attack
    33:24 - The Merge
    35:52 - Ethereum Roadmap
    47:41 - The de-OFACization of Ethereum?
    1:06:18 - Starting new countries
    1:22:20 - Svalbard
    1:27:29 - Network effects
    1:33:12 - Regulation as a bounding box
    1:35:42 - What new country would Vitalik start?
    1:39:39 - Network states and social networks
    1:43:19 - Advice on leveling up
    1:51:17 - How Vitalik learned Chinese
    1:55:14 - Learning by doing


    LINKS
    1) Ethereum Average Block Time: https://ycharts.com/indicators/ethereum_average_block_time
    2) What is EIP-1559: https://consensys.net/blog/quorum/what-is-eip-1559-how-will-it-change-ethereum
    3) Quadratic Hash problem: https://bitcoinclassic.com/devel/Quadratic%20Hashing.html
    4) The merge: https://ethereum.org/en/upgrades/merge
    5) MEV watch: https://www.mevwatch.info
    6) Sousveillance: https://en.wikipedia.org/wiki/Sousveillance
    7) Best weather cities to live in the US: https://wired.com/2014/02/see-u-s-cities-get-least-days-pleasant-weather
    8) Global passport ranking: https://passportindex.org/byRank.php?ccode=cn
    9) Longyearbyen: https://en.wikipedia.org/wiki/Longyearbyen
    10) Demography of the Roman Empire: https://en.wikipedia.org/wiki/Demography_of_the_Roman_Empire


    VIDEO
    YouTube: https://www.youtube.com/watch?v=1xhPqZZYJSE


    CREDITS
    Editing: twitter.com/DholakiaJaydeep
    Images: twitter.com/elijah10t



    SOCIAL
    thenetworkstate.com
    twitter.com/VitalikButerin
    twitter.com/balajis

    • 1 hr 57 min

Customer Reviews

4.9 out of 5
97 Ratings

97 Ratings

*clears throat* ,

Keep it up balaji!

I heard you on Lex Fridman you are such an original and deep thinker and communicator, the analogies and historical parallels you draw really make you think please release more content and don’t be afraid to do solo casts just riffing by yourself. by the way, you were great on all in podcast, and I think you should appear as a guest on that show more often.

Timmy and Carrie’s MacBook Pro ,

Amazing Podcast!

Love the interviews! You’re truly bringing on the most interesting people. Keep going!

TC2 nyc ,

This delivered the freight

Balaji and Vitalik dropping the future off right at the front door. Let’s make it happen

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