110: Michael Saylor – The Physics of Bitcoin
Into the Impossible With Brian Keating
Podcast Notes Key Takeaways
* The virtual wave: “You can Zoom anywhere at the speed of light and bend time and space” – Michael Saylor
* You can, from your living room, have meetings all over the world, record something, and share it across time, or share auto-translations across cultures
* Money is a technology to store and trade value. The easier something is to produce, the weaker it is as money
* Bitcoin is a decentralized system running on thousands of nodes, to overtake the Bitcoin network one has to overtake all of its nodes
* Money is stored energy, it’s the apex of all energies because anything can be converted into money
* Bitcoin is rapidly growing and capturing the monetary energy of traditional assets
* Bitcoin is a closed system, similar to mathematics and physics. In such systems, energy cannot be created or destroyed and 2+2=4
* By contrast, the fiat monetary system leaks monetary energy whenever a banker prints money, akin to sucking out temperature till you freeze
* The power to print money is the source of all wealth and power discrepancies in our society, Bitcoin fixes the Cantillon effect
* Educational curriculums should be openly available online with people progressing at their own pace
* A handful of good teachers captured online can teach the next billion people
* “Technology Fails Until It Succeeds” – Michael Saylor
Read the full notes @ podcastnotes.org
Michael J. Saylor is an American entrepreneur and business executive, who co-founded & leads MicroStrategy, a company that provides business intelligence, mobile software, and cloud-based services. Saylor, an MIT trained engineer, authored the 2012 book The Mobile Wave: How Mobile Intelligence Will Change Everything. He is also the sole trustee of Saylor Academy ( www.saylor.org ), […]