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

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 00:00:05 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 SOCIAL Breedlove Twitter: https://twitter.com/Breedlove22 WiM? Twitter: https://twitter.com/WhatisMoneyShow LinkedIn: https://www.linkedin.com/in/breedlove22/ Instagram: https://www.instagram.com/breedlove_22/ TikTok: https://www.tiktok.com/@breedlove22?l... All My Current Work: https://linktr.ee/breedlove22​ WRITTEN WORK Medium: https://breedlove22.medium.com/ Substack: https://breedlove22.substack.com/ WAYS TO CONTRIBUTE Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7 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... 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... 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/