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WiM050 - The Saylor Series | Episode 12 | Why Bitcoin Succeeds

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Sep 21, 2021

01:40:45

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INSIGHT

Bitcoin's Superiority

Bitcoin is the best money because it solves the flaws of gold and fiat.
It achieves this with a shared, immutable, and correct ledger secured by proof-of-work.

insights

INSIGHT

Bitcoin's Layered Approach

Bitcoin's base layer provides security and a 21 million coin limit, like digital gold.
Its application layer, using Bitcoin and Lightning wallets, enables efficient transactions.

insights

INSIGHT

Bitcoin's Resistance to Inflation

Inflation destroys fiat and gold, but Bitcoin is a mathematically conservative system.
This system, combined with proof-of-work, prevents inflation and depletion of value.

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A Bikhoin Is an Engineered Monetary System

03:01 • 4min

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Do You Need Lightning or Not?

07:03 • 2min

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The Lightning Network Is Critical to Bit Coin Success

09:20 • 3min

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Is Bick Coin the Best Moot System?

12:11 • 3min

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Building as Property, Land as Property

15:07 • 4min

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Bit Coin Is the First Property Right Fully Independent of the Government

19:21 • 5min

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Is Bicoin Going to Succeed?

24:23 • 3min

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The Fourth Dimension of a Virtue for Bitcoin

27:42 • 5min

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How to Design a Tornado With London Good Delivery Bars

32:21 • 3min

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How to Distribute Bit Coin

35:08 • 4min

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Is There a Skin in the Game?

39:08 • 4min

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Bihoin, a Way to Eliminate a Fraud on Youtube

43:33 • 3min

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The Bikcoin Standard Discussion

47:02 • 3min

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The Future of Credit Cards Is Here, Right?

50:17 • 3min

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The Costodial Risk of Bit Coins

53:24 • 1min

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The Second Best Property in the Universe Is Own the Bit Coin

54:52 • 5min

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The Speed of Light Is the Speed Limit, Right?

01:00:04 • 5min

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Is There a Liquidity Coefficient for Ideas?

01:05:10 • 2min

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What Do You Think of Google?

01:07:15 • 2min

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Proof of Work Is the Only Thing You Can't Counterfeit, Right?

01:09:31 • 5min

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The Lightning Network Is a Really Deep Invention

01:14:47 • 5min

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Taking Bit Coin - It's a Non Physical Property Right

01:19:46 • 2min

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The Hypothecation of Bit Coin

01:21:44 • 3min

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Authentication of Bit Coin

Bitcoinis, Is It a Social Media Platform?

What's Going on With Bicoin?

01:37:06 • 4min

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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/the-what-is-money-show/id1541404400
Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1
RSS Feed: https://feeds.simplecast.com/MLdpYXYI
Transcript:

00:00:00 “What is Money?” Intro
00:00:05 NYDIG
00:01:23 21M: A Base Layer Monetary Protocol
00:05:21 The Bitcoin Application Layer Protocol
00:08:20 Base and Application Layers are Complementary
00:10:50 Acceleration of the Lightning Network
00:12:31 Bitcoin Frees Us from Inflation
00:13:47 Private Keys are the Strongest Property Right
00:18:33 Bitcoin is Impairment-Resistant Property
00:21:19 Theft-Proof Property: A Real Game-Changer
00:24:21 “All Stress Accelerates the Adoption of New Technology”
00:26:44 Bitcoin Mitigates Hypothecation
00:29:08 Bitcoin Optimizes Authentication
00:30:49 Bitcoin: Hyper-Transportable Capital
00:35:05 “There is a Dance Between Counterparties”
00:36:15 Bitcoin is the Most Distributable Money
00:37:36 Bitcoin is the Most Divisible Money
00:37:59 Bitcoin Fixes Spamming and Scamming
00:44:26 Bitcoin Functions Across All Scales
00:46:22 “Making Cyberspace Safe for 8 Billion People”
00:48:09 Why Does Bitcoin Succeed in Theory?
00:55:55 Different Ways to Own Bitcoin
00:58:16 Bitcoin is a Shared, Immutable, and Correct Ledger
01:00:25 The Speed at Which a Profound Idea can Spread
01:08:36 Robert's Outro

SOCIAL
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WRITTEN WORK
Medium: https://breedlove22.medium.com/
Substack: https://breedlove22.substack.com/

WAYS TO CONTRIBUTE
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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/

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