The "What is Money?" Show cover image

The "What is Money?" Show

Synopsis of The Saylor Series with Michael Saylor (WiM221)

Oct 6, 2022
01:17:32

Podcast summary created with Snipd AI

Quick takeaways

  • Bitcoin presents the potential for a global standardization onto an incorruptible form of money, eliminating the inefficiency caused by a broken monetary system.
  • Standardization is crucial for creating efficient systems, and Bitcoin offers the potential for global standardization onto an incorruptible form of money.

Deep dives

Money as an Energy System

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.

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