10 Rules for Life with Michael Saylor - WBD659
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 17 May 2023
⏱️ 130 minutes
🧾️ Download transcript
Summary
Michael Saylor is the CEO of MicroStrategy. In this interview, we discuss his 10 rules for lfie, the opportunities and threats of AI, the importance of Bitcoin in an automated world, the strength of ossification compared to accelerating change, and the criticality of Bitcoin miners to the Bitcoin network. We also talk about Michael's navigation of the bear market.
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Chat GPT was released a little over 6 months ago. It is arguably the most significant tech innovation since the internet. People are now routinely using chatbots to interact with technology and access information tailored to very specific needs. Whilst the impacts of this are yet to be fully understood, it is widely accepted that we have entered a new exciting and equally frightening paradigm.
The issue at hand is that the world is becoming increasingly automated. As a result, human beings are being viewed as a constraint on productivity, which AI technology can mitigate. Where does this leave humans? In a world predicated on code and efficiency and automation, what controls are in place to ensure these systems are secure such that they can not be centralised and exploited such that the general population suffers rather than flourishes?
Michael Saylor is of the opinion we need an automated tool that is secure and outside of any centralised control. Bitcoin, in this scenario, is the tool that can compete with new digital advances, but, enable humans to retain some control of their lives. As such, it is imperative that we protect the integrity of the innovation such that its utility remains available for both existing and future generations.
The question then becomes how do we best protect Bitcoin? Saylor argues that it is the Bitcoin miners that are Bitcoin's "fortresses": they provide brute force security, a cryptographic defence, and the means to marshall the means to advocate effectively for Bitcoin within the corridors of power. Bitcoin miners, therefore, need protection to ensure they continue to act as Bitcoin's standing army. We do this by ensuring stability: ossifying Bitcoin's base layer protocol.
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Transcript
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| 0:00.0 | There's this phrase Bitcoin fixes this. I'm of the opinion that Bitcoin fixes everything. |
| 0:08.5 | Hello there, how are you all? |
| 0:10.5 | Are any of you out here in Miami yet? You out here for the conference? |
| 0:13.0 | I'm here with my whole team apart from Ben. |
| 0:15.0 | Ben sadly couldn't join us but we've got Austin here first time hanging out with him. |
| 0:19.0 | New Boy Connor on his first trip. |
| 0:21.0 | We've also got Emma and Danny here. |
| 0:22.0 | We've been making loads of |
| 0:23.8 | amazing shows and I've got an absolute bang a few today. But firstly welcome to |
| 0:27.7 | the What Bitcoin did podcast which is brought to you by Iris Energy the largest |
| 0:31.6 | NASDAQ listed Bitcoin miner using 100% renewable energy. |
| 0:35.8 | Yes, a massive show today, I've got Saylor back and you know what? |
| 0:39.9 | It's not the show we planned. |
| 0:41.0 | We were sitting talking about this, thinking about how can we do |
| 0:43.2 | something different with Saylor, and you know what? It was a monster. I asked him to give a little |
| 0:48.0 | bit of a life pet talk to my son and we ended up sitting for about half an hour with |
| 0:51.4 | him giving some amazing advice and then |
| 0:53.5 | Connor sat in the show for the first half but we also covered AI and |
| 0:56.8 | Bitcoin miners and a whole bunch of other stuff. It's a brilliant show |
| 0:59.7 | absolutely loved it and just a big shout out and thanks to Michael for doing this for this |
| 1:04.3 | amazing advice you know what not just for Connor but actually for all of us now we |
| 1:08.2 | have got our live show tonight so if you're in Miami you want to head down to |
... |
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