## What is The DeFi Matrix Balaji Srinivasan Explains The Tim Ferriss Show ### What is The DeFi Matrix? Balaji Srinivasan Explains | The Tim Ferriss Show ![rw-book-cover](https://readwise-assets.s3.amazonaws.com/static/images/article1.be68295a7e40.png) #### Metadata * Author: [[Clarity Notes]] * Full Title: What is The DeFi Matrix? Balaji Srinivasan Explains | The Tim Ferriss Show * Category: #articles * URL: <https://www.youtube.com/watch?v=BKfnj9SrzCY> #### Highlights * The two business models of the state in the future would be subscription and inflation. #### Bitcoin and Fiat * Bitcoin is short term volatile, fiat is not. * Most of them hold BTC and some USD. Some stable, and rest is appreciating over time. Long term appreciation of fiat provides the stability. #### Order Book Digital wallets not just hold fiat, but can also hold BTC, NFTs etc Order books mean price discovery. Billion items in a digital wallet. Foreign exchange, currency versus currency. DeFi, everything gets repriced all the time. Every newspaper is competing against every other newspaper. Every asset will compete against every other asset. You will hold minimum necessary cash. # What is The DeFi Matrix? Balaji Srinivasan Explains | The Tim Ferriss Show ![rw-book-cover](https://readwise-assets.s3.amazonaws.com/static/images/article1.be68295a7e40.png) ## Metadata - Author: [[Clarity notes]] - Full Title: What is The DeFi Matrix? Balaji Srinivasan Explains | The Tim Ferriss Show - Category: #articles - URL: https://www.youtube.com/watch?v=BKfnj9SrzCY ## Highlights - The two business models of the state in the future would be subscription and inflation. ## Bitcoin and Fiat - Bitcoin is short term volatile, fiat is not. - Most of them hold BTC and some USD. Some stable, and rest is appreciating over time. Long term appreciation of fiat provides the stability. ## Order Book Digital wallets not just hold fiat, but can also hold BTC, NFTs etc Order books mean price discovery. Billion items in a digital wallet. Foreign exchange, currency versus currency. DeFi, everything gets repriced all the time. Every newspaper is competing against every other newspaper. Every asset will compete against every other asset. You will hold minimum necessary cash.