Bitcoin Magazine Podcast ✓
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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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