Technodemocracy: Coinbase's Former CTO Balaji Srinivasan Speaks at Token2049

Coinbase's former CTO and author of "The Network State," Balaji Srinivasan, delivered a keynote speech titled "Technodemocracy" at the Token2049 conference on September 18th.

In his speech, Srinivasan argued that internet voting governance is already in existence, highlighting three existing forms:

• Social Media Voting
• DAO Voting
• Estonia's online national voting

He proposed that a fourth stage of digital governance will emerge from crypto. The same technology used to manage Discord servers can be applied to allocating DAO funds, opening doors, and even controlling drones. Srinivasan emphasized that Technodemocratic voting will not only control digital assets but also physical entities, ultimately allowing crypto wallets to control real-world resources.

Srinivasan provided examples of Technodemocracy, including:

• Crypto-verifiable voting
• Streaming voting
• Social smart contracts
• Provable limited government
• Truly global business
• Comprehensive candidate information
• Novel political movements (e.g., Elon Musk-led Mars Party, Donny Ak-led Open Source AI Party)

Srinivasan concluded by stating that while Technodemocracy is currently online-centric, it will eventually permeate the fiat world.