Further, Shaan Puri & Ben Levy  says:

The word “exit” stood out to me. The most important products are “exits”.

For example, Tesla was an “exit”. An exit from gas guzzling cars. Airbnb was an exit from cookie cutter hotels.

Crypto is an exit. A life raft. A parachute to jump out of the traditional financial system.

Bitcoin to store your wealth. Ethereum to pay for compute. DeFi for lending & borrowing. NFTs for art and memberships. DAOs for collaboration.

There’s a **great talk by Balaj**i where he talks about the concept of “Voice & Exit.”

Voice is trying to change a system from within. Like when you file a complaint with the manager or vote for a new mayor.

Exit is when you leave the system for a better one.

One isn’t better than the other. But they are more powerful when both are an option.

For example, what good is your complaint if the person in charge knows you have no way to exit? That’s how Comcast can get away with shitty customer service, they know you don’t have an alternative.

Crypto is an exit from the financial system where governments print money and banks control who gets loans, credit, etc..

Don’t like inflation? Exit to bitcoin, with a fixed supply.

Don’t like your bank? Go Bankless and do your lending/borrowing/saving in DeFi.

Don’t like the country club? Exit to an NFT social club.

This is a powerful new mental model for me. Crypto is **exit **technology.

Thank you for reading.

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