AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
3min chapter
#276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money
Lex Fridman Podcast
Bitcoin Is a Singularity
Frequency means what here? How quickly it changes state? How quickly does something vibrate? So if I transfer $10 for me to you for a drink, and then you turn around and you buy another, we're vibrating on a frequency of every few hours. But it's not likely that you sell and buy houses every few hours, right? The frequency of a transaction in real estate is every 10 years, every five years. It's a much lower frequency transaction. And so when you have extremely low frequency things, which we'll call property, then you have mid frequency things, I'm going to call them money or currency. And then you have high frequency, and that
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode