1:10:38
Balaji Srinivasan[ So, I'd say three or four things. One is: Arguably, we've been under the best hypnotizers for a long time. In the sense of mass media, or what have you. And so, there's always storytelling is how any society comes together. You can frame it negatively, or frame it positively. Let me give something to your point though. And, let me see if I can relate it to one of my fundamental laws of physics. Which is the intranet increases variance. So, there's more upside and more downside in everything. And, that's a phenomenological observation. I think the underpinning of that is that the intranet disintermediates. So, it removes mediators, so it removes moderators, so it removes moderation, because every node can connect to each other P2P. So, the centralizing systems that were enforcing mediation, moderation, mediocrity, each of which are terms that have a different connotation and tone to them. Some like, "Oh, moderation is good, but mediocrity is bad." Each of those things, these centralized entities, now all the nodes can just connect to each other outside of them. And so, you get, as you said, some clusters that are terrible, and some clusters that are Ethereum, or The Polymath Project, orY Combinator, or things like that. And so, it is like-]