The Tech Baron Seeking to
"Ethnically Cleanse" San Francisco

If Balaji Srinivasan is any guide, then the Silicon Valley plutocrats are definitely not okay.

Raegotte Report

By Gil Duran - New Republic
 

To fully grasp the current situation in San Francisco, where venture capitalists are trying to take control of City Hall, you must listen to Balaji Srinivasan. Before you do, steel yourself for what’s to come: A normal person could easily mistake his rambling train wrecks of thought for a crackpot’s ravings, but influential Silicon Valley billionaires regard him as a genius.

“Balaji has the highest rate of output per minute of good new ideas of anybody I’ve ever met,” wrote Marc Andreessen, co-founder of the V.C. firm Andreessen-Horowitz, in a blurb for Balaji’s 2022 book, The Network State: How to Start a New Country. The book outlines a plan for tech plutocrats to exit democracy and establish new sovereign territories. I mentioned Balaji’s ideas in two previous stories about Network State–related efforts in California—a proposed tech colony called California Forever and the tech-funded campaign to capture San Francisco’s government.

The Network State: How To Start a New Country

Quotes From Balaji Srinivasans Book

Unlike an ideologically disaligned and geographically centralized legacy state, which packs millions of disputants in one place, a network state is ideologically aligned but geographically decentralized.

A key concept is to go cloud first, land last — but not land never — by starting with an online community and then materializing it into the physical world.

"We've started new currencies. Now The Network State shows us how to start new cities and new countries." — Vitalik Buterin, cofounder of Ethereum

"Balaji is a visionary, and one of the most original thinkers of our time. Many have had the experience of hearing him say something, thinking it was crazy, and then a year or two later realizing 'Balaji was right.' I think Balaji will be right about The Network State." — Brian Armstrong, cofounder and CEO of Coinbase

"The future convergence of networks and governments, from one of the most brilliant thinkers alive." — Naval Ravikant, cofounder of AngelList


Balaji, a 43-year-old Long Island native who goes by his first name, has a solid Valley pedigree: He earned multiple degrees from Stanford University, founded multiple startups, became a partner at Andreessen-Horowitz and then served as chief technology officer at Coinbase. He is also the leader of a cultish and increasingly strident neo-reactionary tech political movement that sees American democracy as an enemy. In 2013, a New York Times story headlined “Silicon Valley Roused by Secession Call” described a speech in which he “told a group of young entrepreneurs that the United States had become ‘the Microsoft of nations’: outdated and obsolescent.”

 “The speech won roars from the audience at Y Combinator, a leading start-up incubator,” reported the Times. Balaji paints a bleak picture of a dystopian future in a U.S. in chaos and decline, but his prophecies sometimes fall short. Last year, he lost $1 million in a public bet after wrongly predicting a massive surge in the price of Bitcoin.

Still, his appetite for autocracy is bottomless. Last October, Balaji hosted the first-ever Network State Conference. Garry Tan—the current Y Combinator CEO who’s attempting to spearhead a political takeover of San Francisco—participated in an interview with Balaji and cast the effort as part of the Network State movement. Tan, who made headlines in January after tweeting “die slow motherfuckers” at local progressive politicians, frames his campaign as an experiment in “moderate” politics. But in a podcast interview one month before the conference, Balaji laid out a more disturbing and extreme vision.

What I’m really calling for is something like tech Zionism,” he said, after comparing his movement to those started by the biblical Abraham, Jesus Christ, Joseph Smith (founder of Mormonism), Theodor Herzl (“spiritual father” of the state of Israel), and Lee Kuan Yew (former authoritarian ruler of Singapore). Balaji then revealed his shocking ideas for a tech-governed city where citizens loyal to tech companies would form a new political tribe clad in gray t-shirts. “And if you see another Gray on the street … you do the nod,” he said, during a four-hour talk on the Moment of Zen podcast. “You’re a fellow Gray.”

The Grays’ shirts would feature “Bitcoin or Elon or other kinds of logos … Y Combinator is a good one for the city of San Francisco in particular.” Grays would also receive special ID cards providing access to exclusive, Gray-controlled sectors of the city. In addition, the Grays would make an alliance with the police department, funding weekly “policeman’s banquets” to win them over.

“Grays should embrace the police, okay? All-in on the police,” said Srinivasan. “What does that mean? That’s, as I said, banquets. That means every policeman’s son, daughter, wife, cousin, you know, sibling, whatever, should get a job at a tech company in security.”

In exchange for extra food and jobs, cops would pledge loyalty to the Grays. Srinivasan recommends asking officers a series of questions to ascertain their political leanings. For example: “Did you want to take the sign off of Elon’s building?”

This refers to the August 2023 incident in which Elon Musk illegally installed a large flashing X logo atop Twitter headquarters, in violation of building safety codes. City inspectors forced him to remove it. 

This has been a summary Read the Full Article @ New Republic

 

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On Friday, Balaji Srinivasan, a man who wields considerable influence in the tech and crypto worlds, made a jaw-dropping bet: $2 million that bitcoin would skyrocket from the mid-$20,000 range to $1 million per coin within 90 days. With this wager setting tongues wagging, the question on the lips of everyone outside the Silicon Valley club is: who exactly is Balaji Srinivasan?   Full Article @ Forbes

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