Bitcoin Magazine Podcast

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Claim

Podcast Notes Key Takeaways

• Money and currency are two different things
  • Money 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 time
  • For 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 year
• Bitcoin 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 Saylor
  • He doesn’t think it’s practical for the world to collectively adopt a Bitcoin standard anytime in the next few decades
• As 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 Saylor
  • Bitcoin is just the introduction of a better technology; it is not “coming to get” anyone or anything
• There don’t have to be losers if Bitcoin adoption continues; everyone can win
  • Instead 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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