The next layer is going to be biccoin derivatives. If a country buys a bunch of bicoin and issues a currency, the currency becomes a bit coin derivative. Layer five would be a a bicoin products like any hardware wallet or something like open dime. Even cash ap lets you bicoin cash, tak to cash tag in a proprietary way. People aren't very creative, but i think that if you ging to do technology, my advice is, whell you want to read fiction, but also want to read fantasy, go back and read all the fantasy. That's the theme of the mobile wave, 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
What Is Not Investment Advice?
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