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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 network 00:11:56 - 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 & DeFi 00:40:04 - Crypto Theory - Emergence of Magic in Cyberspace00:40:23 - Crypto Networks vs. Digital Networks00:41:14 - Crypto is for Immortal Sovereignty & Antifragility Crossing 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 Tradeoffs 00:46:10 - 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 Mutations 00:54:48 - 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 Management 20th 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/Breedlove22 - Default - 3171

The Saylor Series | Episode 8 | Bitcoin and Immortal Sovereignty

The Saylor Series | Episode 8 | Bitcoin and Immortal Sovereignty

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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
00:03:22 - Robert’s Intro

00:05:48 - 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 system
00:09:15 - Networks further the human race
00:09:59 - The highest calling of humanity is to extract order from the chaos
Engineering – the honorable profession

00:11:07 - Bitcoin as a Medium of Exchange
00:11:28 - Peer to peer cash means settlement network
00:11:56 - High frequency transactions are unnecessary & irrelevant
00:13:12 - Centralized networks are best for MoE
00:14:06 - Privacy & Compliance
00:14:38 - Large transactions are more valuable
00:15:08 - High Frequency SoV, Low Frequency MoE
00:16:23 - Tax Challenges to MoE
00:17:38 - Accounting System Challenges to MoE
00:18:48 - Treasury Strategy for BTC
“Put it in the vault and throw away the key”
00:19:48 - Challenges of paying employees in Bitcoin
00:22:18 - Tax treatment is controls currency selection
00:23:28 - Bitcoin not practical as currency
00:24:00 - The option to settle is more important than the action itself
00:24:33 - “An armed society is a polite society” R.A. Heinlein
00:25:35 - The ability to cash settle is the deterrent
“Absolute power corrupts absolutely”
00:26:48 - The optionality keeps everyone honest in a free market
00:28:08 - “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 Gangster
00:28:48 - No need to flaunt power
Don’t get distracted by shiny objects.
00:29:38 - SoV is much more valuable than MoE
00:30:45 - Challenges of Privacy Coins
Meyer Lansky, Pablo Escabar examples

00:31:55 - Bitcoin as a Unit of Measure
00:31:58 - Bitcoin is a universal language of economic truth
00:32:49 - Bitcoin will always be a standard unit of economic energy
Bitcoin vs. Ounce of Gold
00:34:24 - Too much emphasis on MoE UoM, Not enough on SoV
00:34:48 - Non-constructive Crypto debates
00:35:17 - $300 billion Crypto Pond vs. $300 trillion Asset Ocean
00:36:48 - Crypto Market Segmentation
00:39:18 - Alt-coin experiments & DeFi
00:40:04 - Crypto Theory - Emergence of Magic in Cyberspace
00:40:23 - Crypto Networks vs. Digital Networks
00:41:14 - Crypto is for Immortal Sovereignty & Antifragility

Crossing Time & Domains
00:43:18 - Limitations of Crypto Architecture
00:44:36 - “If you want to go fast, go alone. If you want to go far, go together.”
00:45:48 - Plants vs. Animals – Genetic Tradeoffs
00:46:10 - Trust in Man, Company, Government, or Crypto?
00:46:28 - Solving problems with combination of tools
00:46:58 - Crypto Network is a life form in cyberspace
00:48:38 - One shot to create new form of crypto life
00:49:38 - Genetic similarities – no recalls allowed
00:50:23 - Ethereum Challenges
00:51:32 - Competition between Crypto Assets, Applications, & Currencies
00:52:28 - Defective Genetic Mutations
00:54:48 - Bitcoin Network Dominance among Crypto Assets
00:55:14 - Challenges of Proof of Stake
00:56:02 - Stablecoins as Crypto-Currencies
00:57:48 - Regulatory Arbitrage
01:00:07 - Crypto-Applications
01:00:50 - Digital Exchanges vs. Crypto Exchanges
01:00:50 - Risk Management & Crossing the Street
01:02:18 - Digital Network Advantages when integrated with Bitcoin
01:02:48 - Essence of the Crypto Value Proposition – Longevity
01:03:48 - Powering Digital Networks with a Crypto Network
01:05:48 - Rockefeller Estate Management

20th Century Approaches to Immortal Sovereignty
01:07:48 - Bitcoin is to Banking what YouTube is to Broadcasting
01:09:08 - Bitcoin Trust Structure
01:10:58 - Hybrid Solutions with People, Digital, & Crypto Networks
01:12:28 - Cyber Guild System
01:14:08 - Domains in Perpetuity – Monuments in Cyberspace
01:14:48 - Perpetuating Values – What do you love?
01:15:58 - Endowments via Bitcoin
01:17:04 - Tragedy of the Commons -Park in the Port of Naples
01:19:33 - Casting a Magic Spell with Crypto
01:20:48 - Bitcoin can be the source of “Magic Power”
01:22:24 - Fantasy Magicians, Spells, Curses, & Limits of Power
01:22:48 - Money is Power
01:23:48 - The power & reach of John D. Rockefeller
01:26:48 - Dominant Digital Networks & Bitcoin
01:28:12 - Market Forces & Ideology will Define the Future
01:28:48 - Role of the Maximalists & Citizen Soldiers

01:30:56 - Robert's Outro
02:12:13 - End

--

See My Work: https://linktr.ee/breedlove22

Contribute Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7

Stack sats: https://www.swanbitcoin.com/breedlove/

Twitter: https://twitter.com/Breedlove22

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