5min 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 Use of Energy Doesn't Guarantee It's a Scarcity, Right?

Bitcoin is a digital commodity. It doesn't necessarily make them regulatory commodities or ethical commodities. But Bitcoin's special because it has a provenance of Satoshi disappears, that Satoshi coins never move. The only hope you have of something based on software becoming a commodity is you write the software once you gift it to the world and then you stop changing it. And if everybody can run the software and if no one organization controls it, now it becomes sufficiently decentralized.

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