The Ethics of Cryptocurrency Mining

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Eath is an unregistered security and it's unethical, right? So a lot of people have an objection. It's unethical to murder the entire eth mining industry just because you want to be able to sell something as commodity. The second issue is, which is economic, is 't economically sound. And then technically, technically it's just too ambitious. I mean, starting with you could see the writing on the wall. Have you gos read the cryptobians? You should read the topians, right?"

Michael Saylor joins the podcast to discuss:

Bitcoin's killer app
Thoughts on Ethereum & ethics
Impact of inflation
Adding bitcoin into objects & magic cars
What would change his opinion on Bitcoin?
Advice on progressing in your career

For the full Saylor experience, watch on YouTube:

https://youtu.be/B1PI7BCjopk

Timestamps:

(00:00:00) Intro
(00:00:17) Michael Saylor went to MIT with Peter Diamandis
(00:01:47) Knowing Enough To Hurt Yourself
(00:05:36) Misunderstanding What Bitcoin Is + What Is Money?
(00:12:14) Bitcoin’s Killer App, iPhone Comparison & Layers of Bitcoin
(00:20:57) Magic car that drives itself & life insurance
(00:28:22) Stablecoins vs Bitcoin in the developing world
(00:36:01) Sri Lanka riots, inflation & how to crash an economy
(00:38:38) What would make Saylor change his opinion on Bitcoin?
(00:45:10) Talent working on Bitcoin vs ethereum and others
(00:50:34) Michael Saylor's take on Ethereum & its ethics
(00:55:34) “What's the yield schedule on staked ETH?…”
(00:57:42) Bilal challenges ETH POV & evolving technology
(01:08:43) Advice on starting your career in the modern world
(01:14:21) The theme & cure for everything
(01:18:00) Is Bitcoin stored or spent energy?
(01:23:07) Virtual vs Real Systems

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