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/GUESTMichael's twitter: https://twitter.com/saylorMichael's company: https://www.microstrategy.com/enMichael's website: https://www.hope.com/CHANNELPodcast 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/MLdpYXYITranscript:OUTLINE00:00:00 “What is Money?” Intro00:00:08 The Relative Energy and Technology Intensity of Bitcoin Mining00:03:58 Encrypted Energy is Used to Secure the Network00:06:24 Bitcoin Mining Evolves from Energy to Technology Intensity00:09:25 Bitcoin Miners Face Continuous Darwinian Pressures00:12:05 Approaching Bitcoin Mining Peak Energy Consumption?00:14:06 Adam Smithian and Darwinian Aspects are Critical Advantages00:17:48 An Open, Competitive Market is an Honest Market00:19:57 Bitcoin Mining Profitability: A Function of Hash to Hodl Rates00:23:12 The World is in a “Digital Gold Rush” Until 203500:26:48 The Evolution of Bitcoin Mining Business Models00:28:41 Misunderstanding the Economics of Bitcoin Mining00:30:06 Proof of Work is Synchronization with Political and Physical Reality00:33:11 The Layered Scaling of Bitcoin00:37:59 NYDIG00:39:07 The Lightning Network as a Logical Scaling Layer00:42:28 Layer 2 Protocols Tradeoff to Gain Performance or Functionality00:45:19 Centralization and Decentralization at Layer 200:47:27 Higher Layer Applications and Regulatory Compliance00:50:34 The Range of Bitcoin Financial Applications00:54:36 Bitcoin Technical Applications: Mobile Money and Finance01:00:17 Robert's OutroSOCIALBreedlove Twitter: https://twitter.com/Breedlove22WiM? Twitter: https://twitter.com/WhatisMoneyShowLinkedIn: 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/breedlove22WRITTEN WORKMedium: https://breedlove22.medium.com/Substack: https://breedlove22.substack.com/WAYS TO CONTRIBUTEBitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Sats via Strike: https://strike.me/breedlove22Sats via Tippin.me: https://tippin.me/@Breedlove22Dollars 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 BUSINESSESWorldclass 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/3h3lL0jIBAC 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/

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“What did the council decide on item 42?” — answered with the speaker and the moment.

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