Episode Show Notes
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.00:00:00 - Episode Trailer00:01:06 - Swan Bitcoin00:03:22 - Robert’s Intro00:05:48 - Life converts entropy into order “A dead thing can go with the stream, only a living thing can swim against it”00:08:17 - The first engineered monetary system00:09:15 - Networks further the human race00:09:59 - The highest calling of humanity is to extract order from the chaos Engineering – the honorable profession00:11:07 - Bitcoin as a Medium of Exchange00:11:28 - Peer to peer cash means settlement network00:11:56 - High frequency transactions are unnecessary & irrelevant00:13:12 - Centralized networks are best for MoE00:14:06 - Privacy & Compliance00:14:38 - Large transactions are more valuable00:15:08 - High Frequency SoV, Low Frequency MoE00:16:23 - Tax Challenges to MoE00:17:38 - Accounting System Challenges to MoE00:18:48 - Treasury Strategy for BTC “Put it in the vault and throw away the key”00:19:48 - Challenges of paying employees in Bitcoin00:22:18 - Tax treatment is controls currency selection00:23:28 - Bitcoin not practical as currency00:24:00 - The option to settle is more important than the action itself00:24:33 - “An armed society is a polite society” R.A. Heinlein00:25:35 - The ability to cash settle is the deterrent “Absolute power corrupts absolutely”00:26:48 - The optionality keeps everyone honest in a free market00:28:08 - “Just because you can do a thing doesn’t mean you should do a thing” -Stoics “The loudest man in the room is the weakest man in the room” – American Gangster00:28:48 - No need to flaunt power Don’t get distracted by shiny objects.00:29:38 - SoV is much more valuable than MoE00:30:45 - Challenges of Privacy Coins Meyer Lansky, Pablo Escabar examples00:31:55 - Bitcoin as a Unit of Measure00:31:58 - Bitcoin is a universal language of economic truth00:32:49 - Bitcoin will always be a standard unit of economic energy Bitcoin vs. Ounce of Gold00:34:24 - Too much emphasis on MoE UoM, Not enough on SoV00:34:48 - Non-constructive Crypto debates00:35:17 - $300 billion Crypto Pond vs. $300 trillion Asset Ocean00:36:48 - Crypto Market Segmentation00:39:18 - Alt-coin experiments & DeFi00:40:04 - Crypto Theory - Emergence of Magic in Cyberspace00:40:23 - Crypto Networks vs. Digital Networks00:41:14 - Crypto is for Immortal Sovereignty & AntifragilityCrossing Time & Domains00:43:18 - Limitations of Crypto Architecture00:44:36 - “If you want to go fast, go alone. If you want to go far, go together.”00:45:48 - Plants vs. Animals – Genetic Tradeoffs00:46:10 - Trust in Man, Company, Government, or Crypto?00:46:28 - Solving problems with combination of tools00:46:58 - Crypto Network is a life form in cyberspace00:48:38 - One shot to create new form of crypto life00:49:38 - Genetic similarities – no recalls allowed00:50:23 - Ethereum Challenges00:51:32 - Competition between Crypto Assets, Applications, & Currencies00:52:28 - Defective Genetic Mutations00:54:48 - Bitcoin Network Dominance among Crypto Assets00:55:14 - Challenges of Proof of Stake00:56:02 - Stablecoins as Crypto-Currencies00:57:48 - Regulatory Arbitrage01:00:07 - Crypto-Applications01:00:50 - Digital Exchanges vs. Crypto Exchanges01:00:50 - Risk Management & Crossing the Street01:02:18 - Digital Network Advantages when integrated with Bitcoin01:02:48 - Essence of the Crypto Value Proposition – Longevity01:03:48 - Powering Digital Networks with a Crypto Network01:05:48 - Rockefeller Estate Management20th Century Approaches to Immortal Sovereignty01:07:48 - Bitcoin is to Banking what YouTube is to Broadcasting01:09:08 - Bitcoin Trust Structure01:10:58 - Hybrid Solutions with People, Digital, & Crypto Networks01:12:28 - Cyber Guild System01:14:08 - Domains in Perpetuity – Monuments in Cyberspace01:14:48 - Perpetuating Values – What do you love?01:15:58 - Endowments via Bitcoin01:17:04 - Tragedy of the Commons -Park in the Port of Naples01:19:33 - Casting a Magic Spell with Crypto01:20:48 - Bitcoin can be the source of “Magic Power”01:22:24 - Fantasy Magicians, Spells, Curses, & Limits of Power01:22:48 - Money is Power01:23:48 - The power & reach of John D. Rockefeller01:26:48 - Dominant Digital Networks & Bitcoin01:28:12 - Market Forces & Ideology will Define the Future01:28:48 - Role of the Maximalists & Citizen Soldiers01:30:56 - Robert's Outro02:12:13 - End--See My Work: https://linktr.ee/breedlove22Contribute Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Stack sats: https://www.swanbitcoin.com/breedlove/Twitter: https://twitter.com/Breedlove22Show moreActivity
