Balaji
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Balaji· 2025-07-29 04:59
Decentralized Data Layer - The ledger of record is defined as the collection of cryptographically signed feeds of on-chain data [1] - This ledger encompasses various data sources, including social media feeds, data APIs, event streams, newsletters, and RSS [1] - The industry anticipates that building this decentralized layer of facts will take years [1] - Ultimately, it will serve as the foundation for all narrative [1]
X @Balaji
Balaji· 2025-07-29 04:57
As blockspace increases, the idea of the ledger of record is becoming more feasible.As AI progresses, the ledger of record is becoming more necessary.It means the only truly verifiable citations are links to onchain data via block explorers.Crypto is what AI can’t fake.a16z (@a16z):.@balajis says AI is widening the verification gap. A massive number of jobs will be needed to close it.Prompting floods the world with fakes. Crypto brings back proof.“You're gonna need cryptographically hashed posts and crypto ...
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Balaji· 2025-07-28 02:59
Military equipment will be bought at whatever price. It’s a non-negotiable spend for any regime. That’s why North Korea spends 25%+ of its GDP on the military.So it’s not totally crazy to reboot manufacturing with a military-first approach. It may work over the very long run. The issue is that those armaments need to be price-competitive abroad to win any war of attrition abroad.For example, if their drones cost $2000 and your missiles cost $2M, that can only be sustained so long as the money printer keeps ...
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Balaji· 2025-07-28 02:48
If your manufacturing is not price-competitive abroad, your military is not price-competitive abroad.Because the wartime economy is just a subset of the peacetime economy. You can only turn plowshares into swords if you’re cranking out plowshares at low cost and high quality. ...
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Balaji· 2025-07-27 09:35
Core Argument - The report posits that nearly all valuable assets will eventually be secured onchain using blockchain technology [8] - This transition is driven by the superior security of blockchains compared to traditional systems, as evidenced by frequent hacks of entities like the Pentagon [9] - The shift towards onchain security will enable a code-based global economic system, offering universal access to advanced monetary policies and contractual fairness [10] Key Enablers - The existence of trillions of dollars worth of digital gold, such as Bitcoin, already secured onchain demonstrates the feasibility of this concept [1] - The potential legalization of stablecoins paves the way for tokenizing and securing various financial assets like stocks and bonds onchain [2] - Onchain smart locks can secure physical assets like doors, cars, and capital equipment, extending blockchain's reach beyond digital assets [3][4][5] Scope and Limitations - The scope includes financial assets, capital equipment (cranes, drones), and electronically controlled devices (robots, self-driving cars) [5][6] - The exceptions are tangible goods like food and clothing, which constitute a negligible fraction of global value [7]
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Balaji· 2025-07-26 17:41
Venona proved there really was a communist conspiracy to infiltrate the US government.Though even that is an understatement, as there were bidirectional sympathies between the progressives in America and the communists in Russia.https://t.co/h2YJmVunJQ https://t.co/zQ6WXWisxP ...
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Balaji· 2025-07-26 17:37
Political Analysis - Before 2016, claiming Russian spies infiltrated the US government was considered right-wing extremism, but after 2016, it became mainstream, though potentially false [1] - The shift occurred because Russia transitioned from the communist left to the nationalist right around 2016 [1] - The concept of a Russian conspiracy became useful to the left after 2016 [2] Ideological Shift - The received wisdom has shifted from concerns about communists to concerns about Russian influence operations [2]