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.Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/GUESTMichael's twitter: https://twitter.com/michael_saylorMichael's company: https://www.microstrategy.com/enMichael's website: https://www.hope.com/CHANNELPodcast Website: https://whatismoneypodcast.com/Apple Podcast: https://podcasts.apple.com/us/podcast...Spotify: https://open.spotify.com/show/25LPvm8...RSS Feed: https://feeds.simplecast.com/MLdpYXYITranscript:OUTLINE00:00:00 “What is Money?” Intro00:00:05 NYDIG00:01:23 The Seven Layers of Proof-of-Work Security00:04:56 The Beauty of Proof-of-Work00:05:27 The First Layer: Energy00:09:58 Bitcoin Mining Impact on Global Energy Producers00:14:22 A Future Convergence of Bitcoin Miners and Banks?00:17:44 Bitcoin Recruits Energy Capital for Self-Defense00:19:27 The Second Layer: Technology00:20:40 Bitcoin Recruits Semiconductor Capital for Self-Defense00:22:20 Rotating from Energy to Technology Intensive Security00:27:45 Patterns of New Bitcoin Miner Deployment00:28:50 Miner Hardware Cycles and Bitcoin Hash Rate00:31:30 Game Theory of Entering the Bitcoin Mining Network00:33:58 The Third Layer: Political00:35:12 The Political Game Theory of Bitcoin Mining00:37:08 Bitcoin Mining as a Political Lobbying Network00:39:12 “100 Megawatts is Worth $300M per Year”00:40:10 A Self-Distributing, Dynamic Mining Network00:43:02 “The Market Generally Outsmarts the Smartest Person”00:43:57 An Energetic, Technological, and Political Shock-Absorber00:47:57 Robert’s OutroSOCIALBreedlove Twitter: https://twitter.com/Breedlove22WiM? Twitter: https://twitter.com/WhatisMoneyShowLinkedIn: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/TikTok: https://www.tiktok.com/@breedlove22?l...All My Current Work: https://linktr.ee/breedlove22​WRITTEN WORKMedium: https://breedlove22.medium.com/Substack: https://breedlove22.substack.com/WAYS TO CONTRIBUTEBitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Sats via Strike: https://strike.me/breedlove22Sats via Tippin.me: https://tippin.me/@Breedlove22Dollars via Paypal: https://www.paypal.com/paypalme/RBree...Dollars via Venmo: https://venmo.com/code?user_id=178435...The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=328431...RECOMMENDED BUSINESSESWorldclass Bitcoin Financial Services: https://nydig.com/Join Me At Bitcoin 2022 (10% off if paying with fiat, or discount code BREEDLOVE for Bitcoin): https://www.tixr.com/groups/bitcoinco...Put your Bitcoin to work. Earn up to 12% interest back on Bitcoin with Tantra: https://bit.ly/3h3lL0jIBAC assists central banks and sovereign wealth funds succeed in their digital asset investments: https://www.ibac.io/Automatic Recurring Bitcoin Buying: https://www.swanbitcoin.com/breedlove/