Former Coinbase Chief Technology Officer Balaji Srinivasan He has drawn a provocative parallel between Bitcoin's BTC/USD role in wealth preservation and the pursuit of longevity in health care, both framed as resistance against state control.
What happened:In a interviewSrinivasan said: “Bitcoin is about preventing the state from slowly draining your wealth, and Don't Die is about preventing the state from slowly draining your health.”
He argues that these concepts are “very parallel” in their opposition to the gradual deterioration sanctioned by the State.
Srinivasan criticized the current financial system’s embrace of inflation, saying: “In the traditional system, you assume a base rate of inflation of 2%. I mean, yes, hyperinflation is bad, but actually deflation is bad too. So a little bit of inflation, a little bit of wealth loss every year is good.”
Read also: Caitlin Long says 'progressives are actually big bank corporatists' as GOP lawmakers urge SEC to repeal cryptocurrency accounting rule
Making a controversial comparison to healthcare, he added: “This current system, the medical system says, oh yeah, sudden death is bad. But trying to live forever, that’s weird. So you should die a little bit every year.”
Srinivasan concluded with a harsh indictment: “It’s really the same logic as the Federal Reserve. The Federal Reserve wants you to get killed a little bit every year. And that’s why we resist that. We oppose that.”
What's next?: For those interested in exploring these ideas further, Benzinga's Future of Digital Assets event on Nov. 19 will feature discussions on the potential for cryptocurrencies to reshape financial systems and personal autonomy.
Read next:
Image: Shutterstock
Market news and data provided by Benzinga APIs
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.