The "What is Money?" Show

WiM059 - The Saylor Series | Episode 15 | Bitcoin’s Seven Layers of Security #2

Episode Notes

Michael Saylor joins me to discuss anthropology, energy, and technology from first principles as we build the intellectual foundation necessary to truly grasp the historic significance of Bitcoin.

Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/

GUEST
Michael's twitter: https://twitter.com/saylor
Michael's company: https://www.microstrategy.com/en
Michael's website: https://www.hope.com/

CHANNEL
Podcast Website: https://whatismoneypodcast.com/
Apple Podcast: https://podcasts.apple.com/us/podcast...
Spotify: https://open.spotify.com/show/25LPvm8...
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Transcript:

OUTLINE
00:00:00 “What is Money?” Intro
00:00:05 NYDIG
00:01:25 The Fourth Layer: Financial
00:04:16 Bitcoin Mining’s Capital Intensity Recruits Large Investors
00:08:04 The Fifth Layer: The Mining Network
00:10:01 Bitcoin Miners as an Early Warning System
00:11:35 Bitcoin Miners as “Motors of Sovereignty”
00:12:55 The First Five Layers: Inertia, Antifragility, and Capital Attraction
00:15:00 “Bitcoin is a Swarm Creature”
00:16:43 Proof of Work as a Thermodynamic Bridge Between Worlds
00:18:54 The Sixth Layer: Spatial
00:20:38 Proof of Work as a Self-Distributing Security Model
00:21:28 Proof of Work Self-Decentralizes Away from Attack Vectors
00:23:26 The Seventh Layer: Temporal
00:24:59 Bitcoin’s Spacetime Parameters: “You Only Get to Play God Once”
00:26:29 What Happens if you Change Gravity?
00:29:29 “Bitcoin is Like the Granite Underlying Manhattan”
00:31:06 The Universal Consequences of Spacetime Constants
00:33:17 “A Shockwave is When You Attack the Air Faster than it Moves”
00:35:05 “Foolish to Risk the Immortality of Bitcoin for Bigger Blocks”
00:36:40 Proof of Stake: A Closed, Controlled, Non-Darwinian System
00:39:50 There Are No Successful Proof of Stake Networks
00:42:11 Central Banks as Proof of Stake Networks
00:44:52 Bitcoin is Both Digital Money and Digital Property
00:45:42 Robert's Outro

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RECOMMENDED BUSINESSES
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Join Me At Bitcoin 2022 (10% off if paying with fiat, or discount code BREEDLOVE for Bitcoin): https://www.tixr.com/groups/bitcoinco...
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Automatic Recurring Bitcoin Buying: https://www.swanbitcoin.com/breedlove/