Why Bitcoin Succeeds | The Saylor Series | Episode 12 (WiM050)

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/the-what-is-money-show/id1541404400
Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1
RSS Feed: https://feeds.simplecast.com/MLdpYXYI
Transcript:

OUTLINE
00:00:00 “What is Money?” Intro
00:00:05 NYDIG
00:01:23 21M: A Base Layer Monetary Protocol
00:05:21 The Bitcoin Application Layer Protocol
00:08:20 Base and Application Layers are Complementary
00:10:50 Acceleration of the Lightning Network
00:12:31 Bitcoin Frees Us from Inflation
00:13:47 Private Keys are the Strongest Property Right
00:18:33 Bitcoin is Impairment-Resistant Property
00:21:19 Theft-Proof Property: A Real Game-Changer
00:24:21 “All Stress Accelerates the Adoption of New Technology”
00:26:44 Bitcoin Mitigates Hypothecation
00:29:08 Bitcoin Optimizes Authentication
00:30:49 Bitcoin: Hyper-Transportable Capital
00:35:05 “There is a Dance Between Counterparties”
00:36:15 Bitcoin is the Most Distributable Money
00:37:36 Bitcoin is the Most Divisible Money
00:37:59 Bitcoin Fixes Spamming and Scamming
00:44:26 Bitcoin Functions Across All Scales
00:46:22 “Making Cyberspace Safe for 8 Billion People”
00:48:09 Why Does Bitcoin Succeed in Theory?
00:55:55 Different Ways to Own Bitcoin
00:58:16 Bitcoin is a Shared, Immutable, and Correct Ledger
01:00:25 The Speed at Which a Profound Idea can Spread
01:08:36 Robert's Outro

SOCIAL
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WRITTEN WORK
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WAYS TO CONTRIBUTE
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The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=32843101&fan_landing=true

RECOMMENDED BUSINESSES
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...
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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/