Michael Saylor: Bitcoin, Inflation, and the Future of Money | Lex Fridman Podcast #276

59 topics
3h 56m 54s

Topics

  • 00:00:00 - George Washington's death and the practice of bloodletting by physicians

  • 00:00:14 - Inflation of money supply and its effects on the free market

  • 00:01:00 - Introduction of Michael Saylor

  • 00:01:43 - Human understanding of money, economics, and other big questions

  • 00:02:12 - Comparison of engineering and economics

  • 00:03:40 - Impact of philosophy, politics, and technology on human condition

  • 00:05:22 - Technological advancements and increased life expectancy

  • 00:07:05 - The role of energy in improving the human condition

  • 00:08:20 - The flaws in economic models and the scalar view of economics

  • 00:09:50 - The concept of money velocity

  • 00:11:13 - Gauge theory and other approaches to economics

  • 00:11:31 - System dynamics and multidimensional economic models

  • 00:12:49 - The capture of economic dialogue by scalar arithmetic

  • 00:13:50 - Inflation during the pandemic

  • 00:17:12 - The failing of economists in understanding asset inflation

  • 00:19:20 - Manipulation of the market basket and hedonic adjustments

  • 00:21:02 - Definition of assets and their inflation

  • 00:23:21 - The impact of conventional inflation view on the working class

  • 00:28:52 - Expansion of money supply and printing money

  • 00:32:19 - Adiabatic lapse and its relation to currency supply

  • 00:36:32 - Government policy and inflation

  • 00:40:02 - Laser eyes on Twitter and the importance of focus

  • 00:42:00 - Inflation as a monetary phenomenon

  • 00:46:42 - The need for multivariate computer simulations in economics

  • 00:52:15 - George Washington's death and its analogy to inflating the money supply

  • 00:54:47 - The nature of humans and the origin of human civilization

  • 00:58:03 - Engineering and the predator-prey dynamic

  • 01:02:21 - The pursuit of power through technology

  • 01:04:21 - The rejection of new ideas and the collapse of empires

  • 01:05:57 - Digital information and digital energy

  • 01:11:42 - The impact of digital transformation on education

  • 01:15:34 - The importance of technological breakthroughs

  • 01:18:43 - S-curves and technological advancements

  • 01:22:23 - Advancements in propulsion technology

  • 01:26:08 - Moore's Law and the digital revolution

  • 01:29:01 - Digital transformation of maps

  • 01:32:28 - Social media and the spread of ideas

  • 01:37:41 - Digital energy and Bitcoin

  • 01:40:03 - Digital assets and monetary value

  • 01:45:47 - Ethics laws and the promotion of securities

  • 01:52:07 - Bitcoin as property

  • 01:58:00 - Layer one, layer two, and layer three of Bitcoin

  • 02:07:47 - Custodial and non-custodial layers of Bitcoin

  • 02:15:28 - The role of Bitcoin in war

  • 02:20:14 - Jack Dorsey and the adoption of Bitcoin

  • 02:25:29 - Digital property and artificial intelligence

  • 02:29:25 - Web3 and the debate between Jack Dorsey and Marc Andreesen

  • 02:36:30 - Conflict of interest and the promotion of Bitcoin

  • 02:43:19 - Satoshi Nakamoto and the anonymity of Bitcoin's founder

  • 02:52:25 - Government adoption of Bitcoin

  • 02:59:14 - Self-custody assets and stablecoins

  • 03:01:08 - Bitcoin price and volatility

  • 03:08:02 - Advice for young people

  • 03:17:16 - Conservation of energy in cyberspace

  • 03:22:16 - The second best cryptocurrency

  • 03:27:58 - Elon Musk's effect on Bitcoin

  • 03:38:02 - Advice for young people and the importance of focus

  • 03:42:00 - The value of specialization

  • 03:52:29 - The meaning of life