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The Investor's Podcast (We Study Billionaires)  - The Investor’s Podcast Network

BTC099: Michael Saylor's Deep Dive on Bitcoin Energy Misconceptions (Bitcoin Podcast)

The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.63.6K Ratings

🗓️ 12 October 2022

⏱️ 163 minutes

🧾️ Download transcript

Summary

IN THIS EPISODE, YOU’LL LEARN: 01:48 - Why does Michael believe that if the money isn't scarce, every desirable good on the planet will become scarce? 09:25 - What is irrational urgency and why does it exist with a fiat system? 21:07 - Is it possible to not inject energy into money and keep it sound? 30:41 - Why do so many people miscalculate how much energy Bitcoin will use in the future? 38:19 - Why is it so hard for people to wrap their head around Bitcoin mining in general? 44:53 - Is the environmental and energy issues currently playing out in the world connected to what Bitcoin is solving for? 58:51 - Where should we start when we think about the energy and environmental impact that's currently plaguing the world? 01:13:36 - Why is it important to keep the monetary constants unchanged? 01:26:42 - What is Bitcoin really solving for, versus every other crypto asset? 02:14:40 - Is Bitcoin the best ESG incentive in the world right now? 02:27:47 - Michael's overall thoughts on why Bitcoin is so important to get right. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. The article from Baseload BTC: Green-Shaming No More. Michael's Twitter. Michael's resources on Bitcoin: Hope.com. Related Episode: Proof of Stake (PoS) Versus Proof of Work (PoW) w/ Jason Lowery - BTC098. Related Episode: Masterclass In Economic Calculation w/ Michael Saylor - BTC005. SPONSORS Support our free podcast by supporting our sponsors: Bluehost Fintool PrizePicks Vanta Onramp SimpleMining Fundrise TurboTax Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0

You're listening to TI-P.

0:03.0

Hey everyone, welcome to this Wednesday's release of the Bitcoin Fundamentals podcast.

0:07.0

Back by popular demand, I have the one and only billionaire Michael Sailor.

0:12.0

This conversation is the second episode in what I would describe as a three-part series on why

0:17.0

Bitcoin's proof of work and energy use is essential for changing the world.

0:21.0

Last week, I interviewed MIT graduate student Jason Lowry,

0:25.0

where he provided an in-depth discussion on the importance of the differences between

0:29.0

proof of work and proof of stake.

0:31.0

This episode can be found as BTC-98.

0:34.0

I think it's important for people to listen to that conversation before listening to this conversation with Michael.

0:39.0

So with this conversation, Michael provides an in-depth overview of why the energy is so important for protecting

0:46.0

Bitcoin's security integrity.

0:48.0

Additionally, Michael covers numerous misconceptions and failures in critical thinking when it comes to

0:54.0

Bitcoin's energy use. This is a long conversation, but to ensure we covered the topic in a comprehensive way

1:00.0

that can serve as a resource that you can share with your family and friends,

1:04.0

we made sure that no stone was left unturned.

1:07.0

So if you ever have somebody tell you that Bitcoin uses too much energy, hopefully this episode,

1:12.0

number 99 with Michael Sailor is at the top of your list to share with them.

1:16.0

So with that, sit back and I hope you enjoy the conversation.

1:20.0

You are listening to Bitcoin Fundamentals by the Investors Podcast Network.

1:28.0

Now for your host, Preston Pish.

1:41.0

All right, so like I said in the introduction, I'm here with the one and only Michael Sailor. Welcome back to the show.

...

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