Solana Breakpoint 2021: Talk by Balaji Srinivasan - Deepstash

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L0- the legal layer

L0- the legal layer

Layer 1 blockchains, aka L1, are focused on foundational elements like consensus & validation. L2 are chains built on top focused on scaling & speed.

Balaji makes the argument that L0, or the ideas in people minds, the ideology they adhere to, is the most important layer. Because the ideology enables the technology.

Think of the L0 as the mental software that runs on our brains. It manifests in the laws we pass and those are influenced by philosophy of each individual.


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From centralised to decentralised media

From centralised to decentralised media

In the world word you had a few players, major newspapers & academia that dictate the news. Social media was an advancement but because they are centralised, the old forces put pressure on the management of companies like Facebook to align to the dogma through censorship.

The solution is to evolve to decentralised social networks. Free, censorship resistant platform are important for changing the laws.


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How to change the crypto laws

How to change the crypto laws

  • Focus subnational & international: thinking about nations is not enough. Focus on specific states, cities, or think globally.
  • Gain internal alignment first. Rough consensus over the future and avoid petty Twitter fights.
  • Write legislation: it's time for developers to start writing the code of the laws.
  • Focus on distribution
  • Get the attention of politicians and get small steps fwd: make Bitcoin legal tender or support DAOs.
  • Be globally mobile: Rent instead of buy, no Lambo, live so you can move at any time if the state turns against you.


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Life-long learner. Passionate about leadership, entrepreneurship, philosophy, Buddhism & SF. Founder @deepstash.

The biggest barrier to the decentralized crypto future is opposition from the government. Balaji proposes we take this seriously and think of it as Layer 0.


Schumacher (2021)

Schumacher (2021)

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