WiM006 - The Saylor Series | Episode 6 | Digital Gold: Harder, Smarter, Stronger, and Faster

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. 00:00:00 - Episode Trailer 00:01:06 - Swan Bitcoin 00:06:23 - Bitcoin as Digital Gold – Harder, Smarter, Stronger, & Faster 00:07:13 - Bitcoin is Harder & Antifragile 00:08:05 - The Fragility of the Great Wall of China 00:10:05 - Military Wisdom - The best defense is a good offense 00:11:05 - Gold is a dumb rock – Bitcoin is a living, dynamically evolving ecosystem 00:13:43 - Importance of Pain to Antifragility of Bitcoin 00:14:17 - Quantum Threats to Bitcoin 00:16:34 - Crashing the World with Photon Bullets 00:17:25 - Managing Political Threats 00:17:48 - Survival of the Hydra – Fight or Flight 00:18:44 - Geopolitical Balance of Power “Show me the incentive & I’ll show you the outcome” – Munger 00:19:59 - Bitcoin Ethos & Hatred of Gatekeepers 00:20:43 - Roman Military Doctrine & Views on Defense “Gatekeepers are your weakness” 00:21:20 - Proof of Work vs. Proof of Stake 00:22:18 - “There is no such thing as a free lunch” 00:24:09 - Immune response of the network to an attacker 00:25:20 - Merits of embracing pain rather than running from it. 00:26:25 - Developing the immunity critical to life 00:27:18 - The Mongolian Horde & Genghis Khan 00:28:50 - The hardness of a hornet’s nest 00:30:45 - Merits Private Nodes & Private Keys 00:32:05 - Game Theory & Benefits of Key Optionality & Competition of Custodians 00:33:37 - Drive to improve client/server hardware on Bitcoin network Wallets, Miners, Exchanges in Aggressive Competition 00:35:05 - Upgrade cycles of Bitcoin vs. Gold “Humans move mountains” 00:37:47 - Bitcoin is Smarter 00:38:35 - Software applications to improve utility of Bitcoin 00:39:38 - Creating the smartest bank in the world via software 00:40:55 - Creating smart money for a mobile device 00:41:48 - Magical money via software 00:42:38 - Insurance applications 00:42:50 - Problems with Gold & Tokenized Gold 00:43:49 - Betting on dynamics rather than statics 00:44:50 - Developing a Yield Curve on Bitcoin 00:45:50 - Free market interest rates 00:47:14 - Bitcoin is Stronger 00:48:05 - Channeling money with force & acceleration 00:49:50 - Strength Limits of Gold, Stock, Bonds 00:50:43 - Challenges of getting interest on Stocks 00:51:57 - Merits of Competition to create Stronger Money 00:52:34 - Strength from Self-Custody across jurisdictions 00:53:03 - Bitcoin is Faster 00:53:15 - E=MC2 and Benefits of Virtualizing Gold 00:53:36 - Cost of move $100 million around the Earth 00:54:08 - High Frequency Transactions at the Speed of Light 00:54:48 - Ebay of Social Finance 00:55:08 - Systems & Compliance Impedance to Monetary Velocity 00:56:20 - Algorithms to make money while you are sleeping -- See My Work: https://linktr.ee/breedlove22 Contribute Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7 Stack sats: https://www.swanbitcoin.com/breedlove/ Twitter: https://twitter.com/Breedlove22