3min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

BTC099: Michael Saylor's Deep Dive on Bitcoin Energy Misconceptions (Bitcoin Podcast)

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

The Second Order Problem With Circulating Credit

The underlying assets, the euro, the dollar, the peso, their credit and they're not backed by energy. All of them lapsing in energy content anywhere from 10% a year to 50%. So over time, the entire system is collapsing because there's no energy backing it. Bitcoin solves that problem by substituting Bitcoin as the base layer and lightning as the transaction layer. It will move money millions of times or billions of times more efficiently.

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