Is Bitcoin a Proof of Work?

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/

GUEST
Michael's twitter: https://twitter.com/saylor
Michael's company: https://www.microstrategy.com/en
Michael's website: https://www.hope.com/

CHANNEL
Podcast Website: https://whatismoneypodcast.com/
Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400
Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1
RSS Feed: https://feeds.simplecast.com/MLdpYXYI
Transcript:

OUTLINE
00:00:00 “What is Money?” Intro
00:00:05 NYDIG
00:01:23 Analog vs. Digital Monetary System
00:03:21 Dematerializing Accountants and Auditors
00:05:13 Dematerializing the Compliance Function
00:07:46 Dematerializing Information Technology
00:08:25 Dematerializing Human Resources
00:10:15 Dematerializing Security and Facilities
00:13:56 Bitcoin is Apex Property: Self-Security and Non-Locality
00:16:09 The Game Theory of Stealing Bitcoin
00:17:26 “Property that Encourages Peaceful Resolution”
00:19:07 Physical Property Invites Violence
00:22:13 The Game Theory of Bitcoin makes it Anti-Violence
00:22:56 Bitcoin Dematerializes Bank and Government Functions
00:24:36 Dematerializing Police and Military
00:25:48 Bitcoin as a Multinational Money Network
00:27:29 Settling Geopolitical Disputes Without War
00:29:11 The Economic Crystallization of Consensus on Property
00:32:33 Bitcoin as “The Spoils of Peace”
00:34:08 The Proof of Work Model
00:36:22 Bitcoin is a Microcosm of Capitalism
00:39:20 Bitcoin as a First-Order Negative Feedback Loop
00:40:53 Capitalism is Based on Nature
00:42:46 Bitcoin Outcompetes Due to its Adaptivity
00:45:06 Bitcoin: A Self-Correcting Adaptive Control System
00:48:41 Nature is Thermodynamically Conservative, Fiat is Not
00:52:16 “Bitcoin is Cybernetic Life” that Cannot be Caged
00:55:24 Robert’s Outro

SOCIAL
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WRITTEN WORK
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Worldclass Bitcoin Financial Services: https://nydig.com/
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