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Money, as a socioeconomic energy system, can be corrupted when monopolized or centralized by political organizations. Throughout history, civilizations have risen and fallen due to corrupt monetary systems. While other engineered systems, like aqueducts or airplanes, cannot be easily corrupted or cheated, money is a different story. When monetary systems are corrupted, it leads to economic inefficiency and societal collapse. Bitcoin presents the potential for a global standardization onto an incorruptible form of money. With standardization, the gains for humanity could be significant, potentially doubling economic output by eliminating the trillions of dollars inefficiency caused by a broken monetary system.
Standardization is crucial for creating efficient systems. Gravity serves as an example of a universal standard that allows for consistency and predictability. In the context of money, gold provided a proxy for standardized protocols, but it was not immune to corruption. The gold standard, too, was corrupted by political influences. Bitcoin offers the potential for global standardization onto an incorruptible form of money. By eliminating corruption and inefficiencies in the monetary system, humanity can unlock tremendous gains in economic output and societal progress.
A global standard based on an incorruptible form of money like Bitcoin can have far-reaching benefits for humanity. It can address the trillions of dollars lost annually due to inefficiencies in the current monetary system. With an uncorruptible standard in place, economic output could potentially double, leading to greater prosperity and progress. Standardization allows for consistency, predictability, and fairness, making it easier to build efficient systems and structures. By transitioning to an uncorruptible money standard, humanity can break free from the limitations imposed by a broken monetary system and unlock new levels of economic and societal growth.
The podcast highlights the structural problem with fiat currency and the detrimental effects of monetary inflation. It explains how the economy is crippled due to the defective nature of money. The continuous expansion of the money supply and distorted metrics like CPI and GDP contribute to the economic decline. The summary emphasizes the bleeding of the monetary system, leading to a crippled worldwide economy.
The podcast discusses how Bitcoin offers a level playing field and acts as a natural and healthy monetary system. It compares Bitcoin to a language of value that is beyond corruption. Bitcoin's design subjects itself to natural rigor through proof-of-work mining, making it uncorruptible and resilient. The summary emphasizes the importance of plugging monetary systems into nature and achieving a thermodynamic relationship, ensuring the virtue and long-term success of the financial system.
Michael Saylor joins me for a synopsis of our 17-episode series together titled "The Saylor Series." For those who don't have time for the ~25 hours of content contained in The Saylor Series, this ~1 hour episode crystallizes many of its key insights.
Be sure to check out Swan Private, the trusted Bitcoin financial services provider for high-net-worth individuals and businesses worldwide: https://www.swanprivate.com/breedlove
Guest
"The Saylor Series" book: https://www.amazon.com/What-Money-Saylor-Michael/dp/B0B9Z629BL
"The Saylor Series" playlist: https://www.youtube.com/playlist?list=PL2jAZ0x9H0bQFY6wIbQfnrnIlqMcSHd6X
Michael Saylor's Twitter: https://twitter.com/saylor
Michael Saylor's Website: https://www.michael.com/
Bitcoin is Hope Website: https://www.hope.com/
Michael Saylor's Company: https://www.microstrategy.com/
The Saylor Academy: https://www.saylor.org/
PODCAST
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:
Outline
00:00:00 “What is Money?” Intro Music
00:00:08 “What is Money?” Intro Message
00:00:54 Learn about Bitcoin with Swan Private at SwanPrivate.Com/Breedlove
00:01:48 Do More with Your Digital Assets with Ledn
00:02:33 Setting Up the Synopsis of The Saylor Series
00:04:48 Money is the Highest Form of Energy Humans Can Channel
00:09:41 Bitcoin as an Appropriately Engineered Monetary System
00:12:22 Ancient Energy Technologies: Fire, Missiles, and Hydraulics
00:20:00 How Does Monopolization Destroy Monetary Networks?
00:27:11 “You Cannot Fly a Corrupted Airplane”
00:32:59 Take Control of Your Healthcare with CrowdHealth
00:34:01 A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet
00:34:36 Join me at The Pacific Bitcoin Conference 2022 in LA!
00:35:15 Join me at Bitcoin Conference 2023 in Miami!
00:36:00 Invest in the Fine Art Market with Masterworks
00:36:36 Hold Bitcoin is the Most Secure Custody Model with Casa
00:37:24 Currency Debasement Collapses Civilization
00:41:32 The Problems and History of Politicized Money
00:45:58 Present-Day Currency Debasement and the Road Ahead…
00:49:18 Ayn Rand’s Mission: “To Separate the Economy from The State”
00:54:09 What are the Potential Benefits of a Global Incorruptible Money?
01:01:30 The Costs of Chronic Energy Leakage on Complex Systems
01:05:40 Defective Money Cripples the Economy
01:08:19 How to Free Ourselves from the “Fiat Zoo”
01:17:23 “What is Money?” Outro Music
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
Swan Private guides high-net-worth individuals and businesses in all areas of Bitcoin strategy: https://www.swanprivate.com/breedlove
Ledn lets you do more with your digital assets: https://www.ledn.io/
CrowdHealth offers an innovative health insurance model based on Bitcoin and community: https://www.joincrowdhealth.com/breedlove
Wasabi Wallet is a Bitcoin wallet with privacy built-in by default: https://wasabiwallet.io/
Okcoin is an innovative and education-focused cryptoasset exchange platform—earn $50 in free Bitcoin by signing up at: https://okcoin.com/breedlove
Join me at Pacific Bitcoin Conference 2022 in LA, use discount code BREEDLOVE: https://www.pacificbitcoin.com/
Join Me At Bitcoin 2023 in Miami, and use discount code BREEDLOVE for a chance to win 10M sats: https://b.tc/conference/2023
Masterworks let you access the fine art market at more affordable price points (use discount code BREEDLOVE): https://www.masterworks.com
Casa is the most secure way to custody your Bitcoin (use discount code BREEDLOVE): https://keys.casa/
Automatic Recurring Bitcoin Buys and Withdrawals: https://www.swanbitcoin.com/breedlove/
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