Bidcoin Mining Could Change the Distribution of Populations

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/
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Transcript:

OUTLINE
00:00:00 “What is Money?” Intro
00:00:05 NYDIG
00:01:23 The Seven Layers of Proof-of-Work Security
00:04:56 The Beauty of Proof-of-Work
00:05:27 The First Layer: Energy
00:09:58 Bitcoin Mining Impact on Global Energy Producers
00:14:22 A Future Convergence of Bitcoin Miners and Banks?
00:17:44 Bitcoin Recruits Energy Capital for Self-Defense
00:19:27 The Second Layer: Technology
00:20:40 Bitcoin Recruits Semiconductor Capital for Self-Defense
00:22:20 Rotating from Energy to Technology Intensive Security
00:27:45 Patterns of New Bitcoin Miner Deployment
00:28:50 Miner Hardware Cycles and Bitcoin Hash Rate
00:31:30 Game Theory of Entering the Bitcoin Mining Network
00:33:58 The Third Layer: Political
00:35:12 The Political Game Theory of Bitcoin Mining
00:37:08 Bitcoin Mining as a Political Lobbying Network
00:39:12 “100 Megawatts is Worth $300M per Year”
00:40:10 A Self-Distributing, Dynamic Mining Network
00:43:02 “The Market Generally Outsmarts the Smartest Person”
00:43:57 An Energetic, Technological, and Political Shock-Absorber
00:47:57 Robert’s Outro

SOCIAL
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WRITTEN WORK
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WAYS TO CONTRIBUTE
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RECOMMENDED BUSINESSES
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