<aside> 💡 Big quote: Infinite frontier, immutable money & eternal life

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1. The goal of technology is to eliminate scarcity i.e. make something (new or old) cheaper, faster or better.
2. The world is transitioning from physical to digital to digital native
   1. Example: Documents were earlier physical then scanned copies and now native file formats like PDF
3. Moving from the world of big data to verifiable data
   1. Balaji has a belief that Crypto isn’t an asset class; it is a new financial system
4. Concept of Transhumanism i.e. humans have evolved due to Technology
   1. Example: Eyeglasses have made us productive into our old age
   2. Example: Fire has let us outsource metabolism to focus on growing our brains
5. Modern age concerns
   1. We take responsibility for our own exercise but don't take responsibility for our health. Latter is left to doctor but former is done by self where trainer is at most a helper
   2. We have outsourced meals from our family which tend to be nutritious to commercial establishments which have a tendency to add fats, sugars & even drugs (eg Coca Cola and Cocaine)
6. About Truth
   1. Two types of Truth - Scientific (i.e. verifiable & reproduceable) versus Political Belief (i.e. established norm by common consensus)
   2. Problem with Scientific is that many results today are peer reviewed but NOT replicable
   3. History is re-written by winners hence Truth is distorted
7. About Media
   1. Incentive problem today: If it is enraging, it is engaging. Media is ad driven.
   2. Need to move from news (for everyone) to a personal dashboard for your reader
   3. Fighting on Twitter is rewarded but fighting in the real world attracts police attention.
   4. Focus on dollowers and not followers i.e. engaged and dollar paying followers
8. Geopolitics
   1. The reason for having wars is due to finite frontiers - expanding frontiers provide room for the ambitious to expand without hurting others.
   2. Technology is the ever expanding frontier - first advances in World war then Mobile and now Crypto / AI
9. About Humanity
   1. Humans are the rate limiters on progress
   2. Paying customers are usually most tolerant of bugs. They feel invested in the product.
   3. You are what you read - e.g. Balaji follows the barbell approach of reading old books and then the cutting edge of scientific literature
10. Closing thoughts
    1. We are in the golden age of productivity - our ancestors were forced to do things by hand, we can use computers + enter button + backspace button (which is super powerful)
    2. Due to our finite life span, we value speed.