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.
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...
RSS Feed: https://feeds.simplecast.com/MLdpYXYI
Transcript:
OUTLINE
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
00:37:59 NYDIG
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
SOCIAL
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WRITTEN WORK
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WAYS TO CONTRIBUTE
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RECOMMENDED BUSINESSES
Worldclass Bitcoin Financial Services: https://nydig.com/
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