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/
Michael's twitter: https://twitter.com/saylor
Michael's company: https://www.microstrategy.com/en
Michael's website: https://www.hope.com/
Podcast Website: https://whatismoneypodcast.com/
Apple Podcast: https://podcasts.apple.com/us/podcast...
RSS Feed: https://feeds.simplecast.com/MLdpYXYI
00:00:00 “What is Money?” Intro
00:00:08 The Relative Energy and Technology Intensity of Bitcoin Mining
00:03:58 Encrypted Energy is Used to Secure the Network
00:06:24 Bitcoin Mining Evolves from Energy to Technology Intensity
00:09:25 Bitcoin Miners Face Continuous Darwinian Pressures
00:12:05 Approaching Bitcoin Mining Peak Energy Consumption?
00:14:06 Adam Smithian and Darwinian Aspects are Critical Advantages
00:17:48 An Open, Competitive Market is an Honest Market
00:19:57 Bitcoin Mining Profitability: A Function of Hash to Hodl Rates
00:23:12 The World is in a “Digital Gold Rush” Until 2035
00:26:48 The Evolution of Bitcoin Mining Business Models
00:28:41 Misunderstanding the Economics of Bitcoin Mining
00:30:06 Proof of Work is Synchronization with Political and Physical Reality
00:33:11 The Layered Scaling of Bitcoin
00:39:07 The Lightning Network as a Logical Scaling Layer
00:42:28 Layer 2 Protocols Tradeoff to Gain Performance or Functionality
00:45:19 Centralization and Decentralization at Layer 2
00:47:27 Higher Layer Applications and Regulatory Compliance
00:50:34 The Range of Bitcoin Financial Applications
00:54:36 Bitcoin Technical Applications: Mobile Money and Finance
01:00:17 Robert's Outro
Breedlove Twitter: https://twitter.com/Breedlove22
WiM? Twitter: https://twitter.com/WhatisMoneyShow
All My Current Work: https://linktr.ee/breedlove22
WAYS TO CONTRIBUTE
Sats via Strike: https://strike.me/breedlove22
Sats via Tippin.me: https://tippin.me/@Breedlove22
Dollars via Paypal: https://www.paypal.com/paypalme/RBree...
Dollars via Venmo: https://venmo.com/code?user_id=178435...
The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=328431...
Worldclass Bitcoin Financial Services: https://nydig.com/
Join Me At Bitcoin 2022 (10% off if paying with fiat, or discount code BREEDLOVE for Bitcoin): https://www.tixr.com/groups/bitcoinco...
Put your Bitcoin to work. Earn up to 12% interest back on Bitcoin with Tantra: https://bit.ly/3h3lL0j
IBAC assists central banks and sovereign wealth funds succeed in their digital asset investments: https://www.ibac.io/
Automatic Recurring Bitcoin Buying: https://www.swanbitcoin.com/breedlove/