Bitcoin cash is probably the closest thing to bit coin. When you start inflating the supply of the tokens by five%. That's not conservation of energy by an open, permissionless protocol. At some point, all of the tinkering, trying to reiment the wheel, is this functional? And ahnd, if it causes you to very into the practice of issuing your own unregistered security, it takes you down a dark, unethical path too. It's just stupid waste of time.
Michael Saylor joins the podcast to discuss:
- Bitcoin's killer app
- Thoughts on Ethereum & ethics
- Impact of inflation
- Adding bitcoin into objects & magic cars
- What would change his opinion on Bitcoin?
- Advice on progressing in your career
For the full Saylor experience, watch on YouTube:
https://youtu.be/B1PI7BCjopk
Timestamps:
- (00:00:00) Intro
- (00:00:17) Michael Saylor went to MIT with Peter Diamandis
- (00:01:47) Knowing Enough To Hurt Yourself
- (00:05:36) Misunderstanding What Bitcoin Is + What Is Money?
- (00:12:14) Bitcoin’s Killer App, iPhone Comparison & Layers of Bitcoin
- (00:20:57) Magic car that drives itself & life insurance
- (00:28:22) Stablecoins vs Bitcoin in the developing world
- (00:36:01) Sri Lanka riots, inflation & how to crash an economy
- (00:38:38) What would make Saylor change his opinion on Bitcoin?
- (00:45:10) Talent working on Bitcoin vs ethereum and others
- (00:50:34) Michael Saylor's take on Ethereum & its ethics
- (00:55:34) “What's the yield schedule on staked ETH?…”
- (00:57:42) Bilal challenges ETH POV & evolving technology
- (01:08:43) Advice on starting your career in the modern world
- (01:14:21) The theme & cure for everything
- (01:18:00) Is Bitcoin stored or spent energy?
- (01:23:07) Virtual vs Real Systems
What Is Not Investment Advice?
Every week, Jack Butcher, Bilal Zaidi & Trung Phan discuss what they're finding on the edges of the internet + the latest in business, technology and memes.
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