3min chapter

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

Lex Fridman Podcast

CHAPTER

Bitcoin Is Hopeless for a Lot of People

The lack of property rights is like being a type one diabetic. Most people everywhere in the world, they don't have property rights. The friction to trade cross borders is so great that you're like AI. Maybe one day, there'll be an artificially intelligent creature in cyberspace that is self sufficient and rich. Like that would have sovereignty. You mean, can a robot own money or property? How about kind of Tesla car? Can I actually put enough money in a car for it to drive itself and maintain itself forever? Or can I create an artificially intelligent creatures in cybers space that is endowed such that it would live a thousand years and continue to do its job? Right?

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