2min chapter

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#276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money

Lex Fridman Podcast

CHAPTER

Layer One Is the Foundation for the Entire Cyber Economy

The layer one is the foundation for the entire cyber economy. And we don't want it to move fast. What we want is immortality, immortal, incorruptible, indestructible. Right? That's what you want integrity from the layer one. Now there's layer two and layer three. I would define as an open permissionless non-costotial protocol that uses the underlying layer one token as its gas fee.

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