The "What is Money?" Show

WiM044 - The Saylor Series | Episode 10 | The Death of Gold

Sep 6, 2021

01:20:16

Creator website

AI Summary

Highlights

AI Chapters

Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Money is tokenized energy within a socio-political framework, involving the voluntary exchange of value between individuals.

Bitcoin represents a paradigm shift in monetary systems by combining cryptography and computing to create a shared, immutable, and correct ledger.

Gold's limitations as a monetary asset, including custodial difficulties, counterfeiting vulnerabilities, and transport challenges, highlight the advantages of Bitcoin as a superior monetary system.

Deep dives

Money as tokenized energy within a socio-political framework

Money is described as tokenized energy within a socio-political framework. It involves the voluntary exchange of value between individuals, creating economic value. The socio aspect refers to social interaction and trade, while the political aspect involves the imposition of willpower. The purpose of politics and government is to protect economic enclaves from involuntary exchange and coercion, allowing for productive trade.

Sociate Political - What Is It?

05:20

The Evolution of Money in the World

03:05

Bitcoin - A New Tool for the Market Process

02:46

Introduction

2min

What Is Money?

4min

The Paradime Shift in Cryptocurrency

4min

The Essence of Property

2min

Were Were Moving From Political to Scientifically Engineered Money?

4min

The Problem With the Gold Standard

3min

The Problem With Gold Mining

4min

The Security Cost of Moving Gold Everyday

2min

Coinage Is Not a Currency, Is It?

2min

10.

The Gold Myth

4min

11.

The Implications of a Gold Standard

2min

12.

Why Does Gold Fail in Theory?

5min

13.

We Sacked the City, We Burned It, We Taked Their Gold

3min

14.

The Myth of Gold

5min

15.

Is Gold a Store of Value?

2min

16.

Is There a Proof of Work Necessary to Produce Gold?

5min

17.

The Death of Gold

2min

18.

Sociate Political - What Is It?

5min

19.

Bitcoin - A New Tool for the Market Process

3min

20.

The Evolution of Money in the World

3min

21.

Coinage and the History of Money

3min

22.

The Problem With the Gold Standard

6min

23.

The Core Problem With Gold Is Its Physicality

3min

24.

The Importance of a Fixed Supply

3min

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
00:02:06 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
Breedlove Twitter: https://twitter.com/Breedlove22
WiM? Twitter: https://twitter.com/WhatisMoneyShow
LinkedIn: https://www.linkedin.com/in/breedlove22/
Instagram: https://www.instagram.com/breedlove_22/
TikTok: https://www.tiktok.com/@breedlove22?lang=en
All My Current Work: https://linktr.ee/breedlove22

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

WAYS TO CONTRIBUTE
Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7
Sats via Strike: https://strike.me/breedlove22
Sats via Tippin.me: https://tippin.me/@Breedlove22
Dollars via Paypal: https://www.paypal.com/paypalme/RBreedlove
Dollars via Venmo: https://venmo.com/code?user_id=1784359925317632528
The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=32843101&fan_landing=true

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
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/

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

The "What is Money?" Show

WiM044 - The Saylor Series | Episode 10 | The Death of Gold

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Money as tokenized energy within a socio-political framework

Bitcoin as the first digital money

Gold's limitations and the need for a better monetary system

Gold's Limitations and the Need for Credit Systems

The Evolution from Gold to Bitcoin

Sociate Political - What Is It?

The Evolution of Money in the World

Bitcoin - A New Tool for the Market Process

Get the Snipd
podcast app

AI-powered
podcast player

Discover
highlights

Save any
moment

Share
& Export

AI-powered
podcast player

Discover
highlights

The "What is Money?" Show

WiM044 - The Saylor Series | Episode 10 | The Death of Gold

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Money as tokenized energy within a socio-political framework

Bitcoin as the first digital money

Gold's limitations and the need for a better monetary system

Gold's Limitations and the Need for Credit Systems

The Evolution from Gold to Bitcoin

Sociate Political - What Is It?

The Evolution of Money in the World

Bitcoin - A New Tool for the Market Process

Get the Snipdpodcast app

AI-poweredpodcast player

Discoverhighlights

Save anymoment

Share& Export

AI-poweredpodcast player

Discoverhighlights

Get the Snipd
podcast app

AI-powered
podcast player

Discover
highlights

Save any
moment

Share
& Export

AI-powered
podcast player

Discover
highlights