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 Trailer00:01:04 - Swan Bitcoin00:03:23 - Robert's Intro00:05:45 - Bitcoin - The first digital monetary energy network00:19:58 - Channeling energy – money as the highest form of energy00:12:47 - The most efficient way to channel energy thru time & space Challenges of channeling & storing energy on power grids Gold money as an energy network00:17:26 - Copper energy networks vs. Gold energy networks00:21:54 - Challenges of channeling energy thru time & space with Gold00:23:27 - Gold & counterparty risk. “Over a long enough timeline, the mortality rate is 100%”00:24:45 - Gold & commodity risk “Gold miners are the enemy of gold owners”00:30:37 - Gold Standard & stabilizing energy in solid state00:32:07 - Businesses always strive to avoid being commoditized00:33:07 - Facebook, Apple, Google networks vs Electricity & Water networks.00:34:09 - Challenges of using Big Tech as a Store of Value00:33:17 - Regulating Standard Oil, Electricity as utilities00:36:23 - Summary of Gold Defects over time- Mining, Banks, Centralization, Politics00:37:24 - Gold not fast enough (Bitcoin vs. Gold)00:41:32 - Bitcoin is 1000x faster than Gold, 50,000x cheaper to move00:42:22 - Bitcoin like Mass Transit system00:43:17 - Bitcoin as a superconducting energy network00:44:34 - Encrypted monetary energy has achieved escape velocity from the gravity well00:45:54 - The most efficient system for channeling energy thru time & space00:47:37 - Monetary Systems – Fiat vs. Gold vs. Bitcoin00:50:37 - Finding more Gold & fracking more Oil00:53:19 - Being a tech cynic is a losing trade “Malthusian Falacy”00:54:55 - “Technology Fails until it Succeeds”00:55:52 - Intellectual Mistake to run Money on Commodities rather than Math00:57:02 - Bitcoin channels human ingenuity constructively00:57:56 - Fiat (-99%) Gold (-95%) Bitcoin is lossless over time w/healthy friction thru space00:59:13 - Transaction fees are healthy and essential00:59:43 - Bitcoin energy network vs. Real Estate energy network Energy loss, transaction speed, fees in property network01:02:52 - Challenges of using Property as Store of Value01:03:39 - Future Bitcoin Transaction fees Comparison to bond market, credit cards01:04:37 - Cities are built at the central nodes of transaction networks Free ports, customs fees & shipping through history Real world considerations for transaction fees Bitcoin transactions fees are competitive01:08:10 - Bitcoin mining is a commodity business with risks Mining fees are consensual, competitive, & constructive01:10:35 - Robert’s Outro01:47:21 - EndContribute Bitcoin:3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Stack sats: https://www.swanbitcoin.com/breedlove/Twitter: https://twitter.com/Breedlove22See All my Work: https://linktr.ee/breedlove22