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#276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money
Lex Fridman Podcast
Is There a Layer Two?
If you create an open protocol that uses the Bitcoin token as the, as the fee, then it becomes a layer two. But why do you think of them as layer two as opposed to contending for layer one? Layer three is a custodial layer. So if you want to move Bitcoin in milliseconds for free, you move it through Binance or Coinbase or cash app. And we can have this debate about custodial, non-custodial.
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