The "What is Money?" Show WiM044 - The Saylor Series | Episode 10 | The Death of Gold
What is Money?
- Money is tokenized energy within a sociopolitical framework.
- Bitcoin is the first digital money, a paradigm shift from analog/political money.
Ideal Money
- Ideal money is a shared, immutable, and correct ledger, allocating ownership.
- A perfect money system would update this ledger telepathically with every transaction.
Engineered Money
- Money is transitioning from a socially engineered construct to a scientifically engineered one.
- Bitcoin exemplifies this shift by prioritizing engineering principles over political influence.
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/
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Transcript:
00:00:00 “What is Money?” Intro
00:00:05 NYDIG
00:02:06 Money is Tokenized Sociopolitical Energy
00:05:23 Bitcoin is the First Digital Money
00:07:21 The Ideal Model of Money
00:09:34 Money is the Apex Property
00:11:35 From Political Money to Engineered Money
00:12:54 Ancient Coin Networks
00:15:17 Money Changers and Energy Loss
00:17:33 Problems with the Gold Standard
00:22:33 Custody of Gold is Expensive
00:26:00 Gold is Too Easy to Manipulate
00:27:21 Gold is Difficult to Transport and Distribute
00:28:20 Gold’s Divisibility is Limited in Practice
00:31:17 Final vs. Deferred Settlement
00:34:35 Gold Applications are Difficult and Dangerous
00:38:54 Gold Invites Violence
00:43:51 The Gold Standard: Dying a Slow Death
00:47:19 Performance of Gold vs. Bitcoin
00:49:55 To Stay Alive in a Darwinian World…
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/bitcoinconference/events/bitcoin-2022-26217
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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/