WiM050 - The Saylor Series | Episode 12 | Why Bitcoin Succeeds

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: 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 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?lang=en 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/RBreedlove Dollars via Venmo: https://venmo.com/code?user_id=1784359925317632528 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... 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/