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
00:03:23 - Robert's Intro
00:06:08 - Channeling Monetary Energy thru Time & Space
00:09:08 - Shipping Energy via Rubber Raft vs. Wooden Ship vs. Steel Tanker
00:11:34 - Vacuum sealing food energy & encrypting monetary energy
00:13:01 - Creating a wall encrypted energy
00:14:07 - “Money is Power” Monetary Energy is a highest form of power.
How much power can flow into Bitcoin? Price is Voltage.
00:16:12 - Thoughts on S2F model.
00:17:12 - Bitcoin Power= function of Adoption, Utility, Productivity, & Inflation
00:17:48 - Adoption -Measuring & defining (Hodlers, Treasury Reserves)
Mercenary Traders vs. Citizen Owners – Degree of Commitment
00:24:39 - Bitcoin is a closed thermodynamic system
00:26:02 - Degrees of Commitment to Adoption of Bitcoin (True Adoption Rate)
00:26:49 - Perils of leveraging with insurance vs. BTC treasury reserves
00:39:54 - Perils of leveraging with debt vs. BTC treasury reserves
00:33:59 - Inflation drives debt drives fragility
00:35:04 - Currency wars make cash toxic -inflation vs. hyperinflation
(chemotherapy, diabetes, metabolic disease, organ death)
00:39:03 - Calculating overall adoption of monetary network & progression
00:41:54 - Comparison to (and limits of) Facebook, Apple networks
00:43:49 - Adoption by NGOs, Governments, Institutions, Investors, Companies
00:45:39 - Teamwork, Syndicated Energy, & Historic Examples
00:46:49 - Bitcoin adoption organizes & channels energy participants
00:47:55 - Perils of Trading Bitcoin & Benefits of Hodling Bitcoin
High Frequency SoV, Low Frequency MoE
00:59:49 - “Nothing wrong with living forever”
00:51:49 - Benefits of Never Selling an Asset & Using it for Debt
00:55:04 - The ideal holding period of an asset is forever
00:55:59 - Avoiding fragility from leverage, risk models
01:01:59 - Impact of Interest Rates on Financing
01:02:19 - Increasing the Utility of the Bitcoin Network
01:06:13 - Impact of Productivity Growth on the Bitcoin Network
Sweeping cash flows into the network
01:09:17 - Creating the first cyber economy via Bitcoin
01:10:34 - Comparison to American economy
01:12:49 - “A swarm of military assets behind a wall of water”
01:14:39 - Crucibles of Innovation require an Insulator to preserve Energy
01:15:20 - Impact of Inflation on Power of the Bitcoin Network
Translating energy into fiat frame of reference
01:18:31 - Value of Bitcoin varies by Domain,
Inflation Rate drive rate of Adoption
01:19:49 - Final Thoughts of Bitcoin Network Power Equation & Adoption
01:23:04 - Bitcoin is the first conservative monetary energy system
Energy is truth…can be neither created nor destroyed
01:24:09 - Final Thoughts on Bitcoin
Energy is the ultimate scarce asset in the university
Laws of Thermodynamics. You can’t cheat.
There is no such thing as a free lunch.
Newtons Laws are the basis of all mechanics.
Bitcoin is the first time Technology crashed into Economics
01:30:14 - Robert's Outro
02:10:27 - End
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