The "What is Money?" Show ✓ Claim

Key Takeaways

Money is energy; a monetary system is an energy system
“The civilization that channels energy most effectively wins.” – Michael Saylor
Debasing the currency is equivalent to energy leaking out of the system; at a 7% debasement rate, half of the energy leaks from the system every ten years
Engineers design systems with the laws of thermodynamics in mind, but economists do not
You cannot cheat mother nature; an energy system cannot cheat the laws of physics
As the currency leaked 7-14% of its energy per year over the past several decades, market participants realized that the US dollar was not a store of value, so they monetized other assets, such as the S&P 500 and real estate, to preserve their purchasing power
Leakage destroys energy systems; in the context of a monetary system, leakage is monetary inflation
When money works perfectly, it is economic energy. But when it is captured by politics and becomes corrupted, it becomes imperfect energy
Satoshi Nakamoto created an engineering solution to monetary debasement and central banking
The recipe for creating virtue in a monetary system is to plug it into nature; proof-of-work mining subjects Bitcoin to the virtues of nature
“Just like we can’t expect to advance without mastering the flow of water, or mechanics, or fire, or electricity, we can’t really expect to drive forward the socio-economic-political systems of humanity without mastering money, or monetary engineering.” – Michael Saylor

Michael Saylor joins me for a synopsis of our 17-episode series together titled "The Saylor Series." For those who don't have time for the ~25 hours of content contained in The Saylor Series, this ~1 hour episode crystallizes many of its key insights.

Be sure to check out Swan Private, the trusted Bitcoin financial services provider for high-net-worth individuals and businesses worldwide: https://www.swanprivate.com/breedlove

Guest
"The Saylor Series" book: https://www.amazon.com/What-Money-Saylor-Michael/dp/B0B9Z629BL
"The Saylor Series" playlist: https://www.youtube.com/playlist?list=PL2jAZ0x9H0bQFY6wIbQfnrnIlqMcSHd6X
Michael Saylor's Twitter: https://twitter.com/saylor
Michael Saylor's Website: https://www.michael.com/
Bitcoin is Hope Website: https://www.hope.com/
Michael Saylor's Company: https://www.microstrategy.com/
The Saylor Academy: https://www.saylor.org/

PODCAST
Podcast Website: https://whatismoneypodcast.com/
Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400 Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1
RSS Feed: https://feeds.simplecast.com/MLdpYXYI
Transcript:

Outline
00:00:00 “What is Money?” Intro Music
00:00:08 “What is Money?” Intro Message
00:00:54 Learn about Bitcoin with Swan Private at SwanPrivate.Com/Breedlove
00:01:48 Do More with Your Digital Assets with Ledn
00:02:33 Setting Up the Synopsis of The Saylor Series
00:04:48 Money is the Highest Form of Energy Humans Can Channel
00:09:41 Bitcoin as an Appropriately Engineered Monetary System
00:12:22 Ancient Energy Technologies: Fire, Missiles, and Hydraulics
00:20:00 How Does Monopolization Destroy Monetary Networks?
00:27:11 “You Cannot Fly a Corrupted Airplane”
00:32:59 Take Control of Your Healthcare with CrowdHealth
00:34:01 A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet
00:34:36 Join me at The Pacific Bitcoin Conference 2022 in LA!
00:35:15 Join me at Bitcoin Conference 2023 in Miami!
00:36:00 Invest in the Fine Art Market with Masterworks
00:36:36 Hold Bitcoin is the Most Secure Custody Model with Casa
00:37:24 Currency Debasement Collapses Civilization
00:41:32 The Problems and History of Politicized Money
00:45:58 Present-Day Currency Debasement and the Road Ahead…
00:49:18 Ayn Rand’s Mission: “To Separate the Economy from The State”
00:54:09 What are the Potential Benefits of a Global Incorruptible Money?
01:01:30 The Costs of Chronic Energy Leakage on Complex Systems
01:05:40 Defective Money Cripples the Economy
01:08:19 How to Free Ourselves from the “Fiat Zoo”
01:17:23 “What is Money?” Outro Music

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RECOMMENDED BUSINESSES
Swan Private guides high-net-worth individuals and businesses in all areas of Bitcoin strategy: https://www.swanprivate.com/breedlove
Ledn lets you do more with your digital assets: https://www.ledn.io/
CrowdHealth offers an innovative health insurance model based on Bitcoin and community: https://www.joincrowdhealth.com/breedlove
Wasabi Wallet is a Bitcoin wallet with privacy built-in by default: https://wasabiwallet.io/
Okcoin is an innovative and education-focused cryptoasset exchange platform—earn $50 in free Bitcoin by signing up at: https://okcoin.com/breedlove
Join me at Pacific Bitcoin Conference 2022 in LA, use discount code BREEDLOVE: https://www.pacificbitcoin.com/
Join Me At Bitcoin 2023 in Miami, and use discount code BREEDLOVE for a chance to win 10M sats: https://b.tc/conference/2023
Masterworks let you access the fine art market at more affordable price points (use discount code BREEDLOVE): https://www.masterworks.com
Casa is the most secure way to custody your Bitcoin (use discount code BREEDLOVE): https://keys.casa/
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Synopsis of The Saylor Series with Michael Saylor (WiM221)

Podcast Notes Playlist: Business