The "What is Money?" Show How Bitcoin Changes Everything | The Saylor Series | Episode 17 (WiM065)
Bitcoin's Expanding Applications
- Bitcoin enables diverse financial applications, from mobile payments to complex derivatives.
- These applications cater to various needs and scales, simplifying Bitcoin access for different users.
Meeting Investor Needs
- Cater to existing financial structures and investor preferences when designing Bitcoin products.
- Offer diverse investment vehicles to meet varying risk appetites and investment strategies.
Bitcoin as Base Layer Protocol
- Bitcoin functions as a base layer monetary protocol, like gold, enabling diverse applications.
- Currency is an application of money, not the other way around.
Michael Saylor joins me to discuss anthropology, energy, and technology from first principles as we build the intellectual foundation necessary to truly grasp the historic significance of Bitcoin.
Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/
GUEST
Michael's twitter: https://twitter.com/saylor
Michael's company: https://www.microstrategy.com/en
Michael's website: https://www.hope.com/
CHANNEL
Podcast Website: https://whatismoneypodcast.com/
Apple Podcast: https://podcasts.apple.com/us/podcast...
Spotify: https://open.spotify.com/show/25LPvm8...
RSS Feed: https://feeds.simplecast.com/MLdpYXYI
Transcript:
OUTLINE
00:00:00 “What is Money?” Intro
00:00:08 Bitcoin Technical Applications: Treasury Management
00:03:40 “When the Ducks Are Quacking, Feed the Ducks”
00:06:12 Bitcoin as the Base Property Protocol
00:08:30 “Currency is an Application of Money”
00:10:26 Bitcoin Enables Universally Accessible Application Development
00:11:33 How Some Governments Can Use Bitcoin to Eliminate Taxation
00:13:13 How an Energy Company Can Play the Bitcoin Mining Game
00:15:17 The Hierarchical Nature of Wealth
00:16:30 How an Insurance Company Can Integrate with Bitcoin
00:19:03 How to “Juice” Bond Fund Returns by Blending with Bitcoin
00:21:32 How Bitcoin Can Augment Traditional Financial Structured Products
00:23:33 How Bitcoin Can Enhance Trusts and Endowments
00:25:32 “$100T of Bonds and Fixed-Income Assets are Broken”
00:26:36 Why Bitcoin Can Never be Overvalued
00:27:45 The Hardware Applications of Bitcoin
00:29:37 How Operating Systems Can Integrate with Bitcoin
00:30:58 NYDIG
00:32:06 How Cloud-Based Applications Can Integrate with Bitcoin
00:33:36 Adding Social Network User “Skin in the Game” with Bitcoin
00:36:59 Incentivizing Digital Civility with Bitcoin Security Deposits
00:39:21 Zero-Cost Spamming Leads to DDOS Attacks Ad Infinitum
00:41:15 Proof of Work Originated as an Countermeasure to Spam
00:45:44 How Bitcoin Can Change Entertainment, News, and Service Sectors
00:50:24 How Bitcoin Impacts the Legacy Credit Card Networks
00:54:08 Robert's Outro
SOCIAL
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WRITTEN WORK
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RECOMMENDED BUSINESSES
Worldclass Bitcoin Financial Services: https://nydig.com/
Join Me At Bitcoin 2022 (10% off if paying with fiat, or discount code BREEDLOVE for Bitcoin): https://www.tixr.com/groups/bitcoinco...
Put your Bitcoin to work. Earn up to 12% interest back on Bitcoin with Tantra: https://bit.ly/3h3lL0j
IBAC assists central banks and sovereign wealth funds succeed in their digital asset investments: https://www.ibac.io/
Automatic Recurring Bitcoin Buying: https://www.swanbitcoin.com/breedlove/