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 Trailer00:01:06 - Swan Bitcoin00:06:23 - Bitcoin as Digital Gold – Harder, Smarter, Stronger, & Faster00:07:13 - Bitcoin is Harder & Antifragile00:08:05 - The Fragility of the Great Wall of China00:10:05 - Military Wisdom - The best defense is a good offense00:11:05 - Gold is a dumb rock – Bitcoin is a living, dynamically evolving ecosystem00:13:43 - Importance of Pain to Antifragility of Bitcoin00:14:17 - Quantum Threats to Bitcoin00:16:34 - Crashing the World with Photon Bullets00:17:25 - Managing Political Threats00:17:48 - Survival of the Hydra – Fight or Flight00:18:44 - Geopolitical Balance of Power “Show me the incentive & I’ll show you the outcome” – Munger00:19:59 - Bitcoin Ethos & Hatred of Gatekeepers00:20:43 - Roman Military Doctrine & Views on Defense “Gatekeepers are your weakness”00:21:20 - Proof of Work vs. Proof of Stake00:22:18 - “There is no such thing as a free lunch”00:24:09 - Immune response of the network to an attacker00:25:20 - Merits of embracing pain rather than running from it.00:26:25 - Developing the immunity critical to life00:27:18 - The Mongolian Horde & Genghis Khan00:28:50 - The hardness of a hornet’s nest00:30:45 - Merits Private Nodes & Private Keys00:32:05 - Game Theory & Benefits of Key Optionality & Competition of Custodians00:33:37 - Drive to improve client/server hardware on Bitcoin network Wallets, Miners, Exchanges in Aggressive Competition00:35:05 - Upgrade cycles of Bitcoin vs. Gold “Humans move mountains” 00:37:47 - Bitcoin is Smarter00:38:35 - Software applications to improve utility of Bitcoin00:39:38 - Creating the smartest bank in the world via software00:40:55 - Creating smart money for a mobile device00:41:48 - Magical money via software00:42:38 - Insurance applications00:42:50 - Problems with Gold & Tokenized Gold00:43:49 - Betting on dynamics rather than statics00:44:50 - Developing a Yield Curve on Bitcoin00:45:50 - Free market interest rates00:47:14 - Bitcoin is Stronger00:48:05 - Channeling money with force & acceleration00:49:50 - Strength Limits of Gold, Stock, Bonds00:50:43 - Challenges of getting interest on Stocks00:51:57 - Merits of Competition to create Stronger Money00:52:34 - Strength from Self-Custody across jurisdictions00:53:03 - Bitcoin is Faster00:53:15 - E=MC2 and Benefits of Virtualizing Gold00:53:36 - Cost of move $100 million around the Earth00:54:08 - High Frequency Transactions at the Speed of Light00:54:48 - Ebay of Social Finance00:55:08 - Systems & Compliance Impedance to Monetary Velocity00:56:20 - Algorithms to make money while you are sleeping--See My Work: https://linktr.ee/breedlove22Contribute Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Stack sats: https://www.swanbitcoin.com/breedlove/Twitter: https://twitter.com/Breedlove22