Digital Gold: Harder, Smarter, Stronger, and Faster | The Saylor Series | Episode 6 (WiM006)

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 Trailer
00:01:06 - Swan Bitcoin
00:06:23 - Bitcoin as Digital Gold – Harder, Smarter, Stronger, & Faster
00:07:13 - Bitcoin is Harder & Antifragile
00:08:05 - The Fragility of the Great Wall of China
00:10:05 - Military Wisdom - The best defense is a good offense
00:11:05 - Gold is a dumb rock – Bitcoin is a living, dynamically evolving ecosystem
00:13:43 - Importance of Pain to Antifragility of Bitcoin
00:14:17 - Quantum Threats to Bitcoin
00:16:34 - Crashing the World with Photon Bullets
00:17:25 - Managing Political Threats
00:17:48 - Survival of the Hydra – Fight or Flight
00:18:44 - Geopolitical Balance of Power
“Show me the incentive & I’ll show you the outcome” – Munger
00:19:59 - Bitcoin Ethos & Hatred of Gatekeepers
00:20:43 - Roman Military Doctrine & Views on Defense
“Gatekeepers are your weakness”
00:21:20 - Proof of Work vs. Proof of Stake
00:22:18 - “There is no such thing as a free lunch”
00:24:09 - Immune response of the network to an attacker
00:25:20 - Merits of embracing pain rather than running from it.
00:26:25 - Developing the immunity critical to life
00:27:18 - The Mongolian Horde & Genghis Khan
00:28:50 - The hardness of a hornet’s nest
00:30:45 - Merits Private Nodes & Private Keys
00:32:05 - Game Theory & Benefits of Key Optionality & Competition of Custodians
00:33:37 - Drive to improve client/server hardware on Bitcoin network
Wallets, Miners, Exchanges in Aggressive Competition
00:35:05 - Upgrade cycles of Bitcoin vs. Gold
“Humans move mountains”
00:37:47 - Bitcoin is Smarter
00:38:35 - Software applications to improve utility of Bitcoin
00:39:38 - Creating the smartest bank in the world via software
00:40:55 - Creating smart money for a mobile device
00:41:48 - Magical money via software
00:42:38 - Insurance applications
00:42:50 - Problems with Gold & Tokenized Gold
00:43:49 - Betting on dynamics rather than statics
00:44:50 - Developing a Yield Curve on Bitcoin
00:45:50 - Free market interest rates
00:47:14 - Bitcoin is Stronger
00:48:05 - Channeling money with force & acceleration
00:49:50 - Strength Limits of Gold, Stock, Bonds
00:50:43 - Challenges of getting interest on Stocks
00:51:57 - Merits of Competition to create Stronger Money
00:52:34 - Strength from Self-Custody across jurisdictions
00:53:03 - Bitcoin is Faster
00:53:15 - E=MC2 and Benefits of Virtualizing Gold
00:53:36 - Cost of move $100 million around the Earth
00:54:08 - High Frequency Transactions at the Speed of Light
00:54:48 - Ebay of Social Finance
00:55:08 - Systems & Compliance Impedance to Monetary Velocity
00:56:20 - Algorithms to make money while you are sleeping
00:57:07 - Robert's Outro
01:23:42 - End

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[Ghill]

This guy is unbelievable smart in his ability to grasp the complex intricacies of the crypocurrency and blockchain and being able to speak about them in simplistic metaphors that are understandable to the layman.

[giordanobruno]

Omg it's like waiting for your favourite TV show to air as a child. I can't wait to watch this later tonight.

[bernardtan]

You build your confidence in holding bitcoin by listening to the wisdom of michael saylor.

[zeebracove]

This series is a better education than my UC Berkeley degree, no cap. Thanks Robert and Michael
🙏

[kvanw]

I am a big fan of Michael Saylor, specially in the way he explains.
But you, Robert Breedlove, had some greate contributions in this interview too!

[Fourthesauri]

I love Mr Saylor’s strategic analysis of BTC, phenomenal

[shinkurt]

I never commented on YouTube before but I just want to say you guys are awesome for your determination and consistency!! Thank you so much.

[casienwhey]

Breedlove and Saylor are two of my favorite thinkers in money and bitcoin. Having them together in one show is just icing on the cake.

[CHSwes]

I'm a simple guy - I see a new episode of Saylor Series, I click and like.

[Austineasy]

Robert and Michael, keep up the great work! This is incredible content and is helping protect the network. Keep swarming.

[PeeedaPan]

I've adopted bitcoin as a treasury reserve asset

[ninohanna]

I can listen to Sylor for hours the way he explain things it’s amazing I really appreciated all the things he’s doing for the space thank you both for these amazing videos 🙏💎🙌

[bitcoinembassylondon]

Excellent episode again. Thanks you Robert and Michael for giving us all this earth shattering Bitcoin education.

[vardagshijabi]

So much wisdom. Loving it. I feel much confident as an early adopter listening to you two. The gatekeeper and wall of China point was excellent and easy to understand as well as eye opening!

[hsl-beautifulthingsinameri]

I feel like I learn so many things not just bitcoin, but this man is amazingly knowledgeable that I m having difficulty to understand everything and I will to rewatch

[rstallings]

Robert thanks so much for the series, I know there are timestamps but I think for the general populace limiting the intro to 1.5 to 2 minutes would help grow your views and subs cause many don't have the attention span to figure it out and might move on...

[miguelbertonatti]

Another incredible series. You Must listen from the 1st one

[stefanatli]

Like listening to poetry. Poetry that we ALL GONA BE RICH!

[Fourthesauri]

One of the most insightful interview I’ve heard on BTC

[omayracruz]

We are blessed To Have You Both, that you'd spend your most precious commodity with us, (time) that you care enough about humanity to put it all out there regardless of how this will impact your lives with government, we will never be able to pay you back for this, I'm unable to put into words how grateful we are for you both Thank you, I ask higher Power to protect you both.