Is There a Proof of Work Necessary to Produce Gold?

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:

00:00:00 “What is Money?” Intro
00:00:05 NYDIG
00:02:06 Money is Tokenized Sociopolitical Energy
00:05:23 Bitcoin is the First Digital Money
00:07:21 The Ideal Model of Money
00:09:34 Money is the Apex Property
00:11:35 From Political Money to Engineered Money
00:12:54 Ancient Coin Networks
00:15:17 Money Changers and Energy Loss
00:17:33 Problems with the Gold Standard
00:22:33 Custody of Gold is Expensive
00:26:00 Gold is Too Easy to Manipulate
00:27:21 Gold is Difficult to Transport and Distribute
00:28:20 Gold’s Divisibility is Limited in Practice
00:31:17 Final vs. Deferred Settlement
00:34:35 Gold Applications are Difficult and Dangerous
00:38:54 Gold Invites Violence
00:43:51 The Gold Standard: Dying a Slow Death
00:47:19 Performance of Gold vs. Bitcoin
00:49:55 To Stay Alive in a Darwinian World…

SOCIAL
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WRITTEN WORK
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WAYS TO CONTRIBUTE
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RECOMMENDED BUSINESSES
Worldclass 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/bitcoinconference/events/bitcoin-2022-26217
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Automatic Recurring Bitcoin Buying: https://www.swanbitcoin.com/breedlove/