Michael Saylor Interview: The Future of Bitcoin

Bitcoin Magazine Podcast
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Podcast Notes Key Takeaways Money and currency are two different thingsMoney is economic energy, while a currency is a method of moving economic energy across time and space that is typically designated by a government Fiat currencies are a method of moving economic energy, but they dissipate energy over timeFor example, the US dollar dissipates energy at a rate of about 15% per year, and the Turkish Lira dissipates about 70% of its energy per yearBitcoin could become a $250 trillion ecosystem without threatening any nation state by demonetizing gold, then real estate, then corporate bonds, equities, etc.It doesn’t have to “replace” anything; it can partner with people, companies, and nations and improve them “If you want to watch how Bitcoin Hyperization happens, watch how dollarization happens … and does it happen with bloodshot or without bloodshed.” –  Michael SaylorHe doesn’t think it’s practical for the world to collectively adopt a Bitcoin standard anytime in the next few decadesAs Bitcoin grows and becomes more understood, rational nations will embrace Bitcoin holders, miners, and companies, which will result in more favorable policies toward Bitcoin“Sound money in the 19th century was gold. Sound money in the 21st century is bitcoin.” – Michael SaylorBitcoin is just the introduction of a better technology; it is not “coming to get” anyone or anythingThere don’t have to be losers if Bitcoin adoption continues; everyone can winInstead of “Bitcoin fixes this”, the more appropriate meme is “Bitcoin improves this”

Read the full notes @ podcastnotes.org

Michael Saylor (@Saylor) and Aleks Svetski (@GhostofSvetski) have a long-form conversation about the implications of Bitcoin and its effects on the world we live in today.

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