Billionaire Tim Draper: “We are moving towards a decentralized future”

Billionaire Tim Draper: “We are moving towards a decentralized future”

“Actually I believe we are moving towards a decentralized world. We are moving towards a more open and global world, ”said the founder and CEO of Draper Associates in a live interview. “It will be great.” The rise of borderless currencies like bitcoin, which are open technology standards that anyone can use, will create jobs and improve living standards for large numbers of people, ”Draper explained. He also sets the stage for a world where centralized governments are irrelevant.
“The fact that [bitcoin] is so frictionless means that the whole world will get richer because, as we all know, the more friction in our currency, the less wealth in a society,” he said. What Draper calls “frictionless” sounds a lot like an accelerator of the neoliberal reforms of the last 50 years. Neoliberalism is a political philosophy born from the ideas of economists including Milton Friedman and Friedrich Hayek, who advocated deregulation and globalization of markets.

Discussing trade wars and strict immigration policies, Draper said the US Empire was voicing the “last roar of the dying lion” and making one last claim of “relevance” on the world stage. “The rest of the world is saying, ‘Hey, look, we have global trade. We will go wherever we feel there is enough freedom and trust “.
Draper says he first sensed the geopolitical significance of bitcoin after the collapse of Mount Gox in 2013, the largest cryptocurrency exchange at the time. He lost money but gained respect in the failure of the market. Now, he expects all other currencies except bitcoin to collapse.

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