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

Robert Breedlove
201K subscribers
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100K views 4 years ago The "What is Money?" Show
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 …...more
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Episode Trailer

0:00

Swan Bitcoin

1:06

Bitcoin as Digital Gold – Harder, Smarter, Stronger, & Faster

6:23

Bitcoin is Harder & Antifragile

7:13

The Fragility of the Great Wall of China

8:05

Military Wisdom - The best defense is a good offense

10:05

Gold is a dumb rock – Bitcoin is a living, dynamically evolving ecosystem

11:05

Importance of Pain to Antifragility of Bitcoin

13:43

Quantum Threats to Bitcoin

14:17

Crashing the World with Photon Bullets

16:34

Managing Political Threats

17:25

Survival of the Hydra – Fight or Flight

17:48

Geopolitical Balance of Power

18:44

Bitcoin Ethos & Hatred of Gatekeepers

19:59

Roman Military Doctrine & Views on Defense

20:43

Proof of Work vs. Proof of Stake

21:20

“There is no such thing as a free lunch”

22:18

Immune response of the network to an attacker

24:09

Merits of embracing pain rather than running from it.

25:20

Developing the immunity critical to life

26:25

The Mongolian Horde & Genghis Khan

27:18

The hardness of a hornet’s nest

28:50

Merits Private Nodes & Private Keys

30:45

Game Theory & Benefits of Key Optionality & Competition of Custodians

32:05

Drive to improve client/server hardware on Bitcoin network

33:37

Upgrade cycles of Bitcoin vs. Gold

35:05

Bitcoin is Smarter

37:47

Software applications to improve utility of Bitcoin

38:35

Creating the smartest bank in the world via software

39:38

Creating smart money for a mobile device

40:55

Magical money via software

41:48

Insurance applications

42:38

Problems with Gold & Tokenized Gold

42:50

Betting on dynamics rather than statics

43:49

Developing a Yield Curve on Bitcoin

44:50

Free market interest rates

45:50

Bitcoin is Stronger

47:14

Channeling money with force & acceleration

48:05

Strength Limits of Gold, Stock, Bonds

49:50

Challenges of getting interest on Stocks

50:43

Merits of Competition to create Stronger Money

51:57

Strength from Self-Custody across jurisdictions

52:34

Bitcoin is Faster

53:03

E=MC2 and Benefits of Virtualizing Gold

53:15

Cost of move $100 million around the Earth

53:36

High Frequency Transactions at the Speed of Light

54:08

Ebay of Social Finance

54:48

Systems & Compliance Impedance to Monetary Velocity

55:08

Algorithms to make money while you are sleeping

56:20

Robert's Outro

57:07

End

1:23:42
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Digital Gold: Harder, Smarter, Stronger, and Faster | The Saylor Series | Episode 6 (WiM006)
2.7KLikes
100,310Views
2020Dec 28
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 00:57:07 - Robert's Outro 01:23:42 - End SOCIAL Breedlove Twitter:   / breedlove22   WiM? Twitter:   / whatismoneyshow   LinkedIn:   / breedlove22   Instagram:   / breedlove_22   TikTok: https://www.tiktok.com/@breedlove22?l... All My Current Work: https://linktr.ee/breedlove22​ WRITTEN WORK Medium:   / breedlove22   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... BUSINESSES I LIKE: Automatic Recurring Bitcoin Buying: https://www.swanbitcoin.com/breedlove/ Use Discount Code "Breedlove" for Bitcoin Custody w/ Casa: https://keys.casa/#plans Buy Bitcoin in a Retirement Account w/ DAIM: https://daimio.typeform.com/to/oU5OHXMZ Worldclass Bitcoin Financial Services: https://nydig.com/
The "What is Money?" Show
Robert Breedlove

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Robert Breedlove

201K subscribers