The 3 Layers of Bitcoin Explained | Michael Saylor and Lex Fridman

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GUEST BIO:
Michael Saylor is the CEO of MicroStrategy and a prominent holder and proponent of Bitcoin.

PODCAST INFO:

SOCIAL:

[tracywilliams]

"What company started a 100 years ago is still relevant today? " Saylor asked. Both he and Fridman had no answer. Both Saylor and Fridman had cans of Coca-Cola in front of themselves😂

[whatThaWho]

You know you're a baller when you can put a Coke can on a piece of wood like that without a coaster and not care.

[Ducotevision]

The bots…. My lord man… youtube what the hell

[OnurYenigun-ohwy]

I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Veronica Hoy.

[TubatsiM]

Layer 3 are apps like Zebedee wallet and Taro protocol layer 2 are non custodial like Muun Wallet

[tracywilliams]

Listening to this the day after the Ramapo Fault 4.7 earthquake. Our Manhattan bedrock certainly did shake. What an experience! So it does tickle me when he compares Layer One BTC to the solidity of Manhattan Schist.😅

[rufuspipemos]

Saylor has become so good at using analogies for the Bit-o-verse.

[danielmiddleton]

How would scheduled direct debits work on bitcoin?

[themossinator]

Layer 1 is the defining character, that alone is the genius creation

[akydvbtrc]

Michael gets one thing wrong with layer 2s. His definition of them is kind of narrow. Layers 2 can have their own token (like Optimism), but usually also accept the Layer 1 as a gas token.

[clavo]

EXCELLENT VIDEO !!! This needs to be on some kind of permanent basic educational index regarding cryptocurrency!

[rickyreyes]

Layer 1 is the only secure way to contain value. Layer 2 and layer 3 are experimental. Layer 2 is how to transfer value efficiently with micro transactions. Nothing does this efficiently without sacrificing security and decentralization at the moment. Layer 3 is a hypothetical connected system similar to the internet. A web of connected systems that can interconnect different digital assets to value without relying on any servers, just nodes and information.

[AstroBlack]

Beside explaining blockchain, this is the best description of Bitcoin I’ve heard so far.

[JuliusEchoForever]

Came for the 3 layers, left aware of the 4 layers

[marcw.]

Once the Layer 2 or 3 is working and your Bitcoin Account is available to the digital world, why is it not available to the political or cyber evil ?

[konradcomrade]

11:26 "an armed society is a polite society!" ... Washingtin DC, Brussels, Bonn, HH, former Chancellor of BRD_DE, Moscow, Tel Aviv ... let that sink in!!!

[psypolux]

Youtube is dead with so many bot comments...its ridiculous ZERO control

[SeRadoful]

When the big money goes in
You know
Your missing out

[davidcardano]

Not a fan of product placement, specially that red one.

[Bit-while_going]

It's all about the base 'bout the base, no treble