Michael Saylor's Deep-Dive on Bitcoin Energy Misconceptions (BTC099)
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- เผยแพร่เมื่อ 20 พ.ค. 2024
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Preston Pysh interviews billionaire Michael Saylor about Bitcoin's energy use. Michael provides insights on why Bitcoin's energy consumption is "worth it", and why many people misunderstand its use.
IN THIS EPISODE, YOU’LL LEARN:
00:00:00 - Intro
00:01:02 - Why does Michael believe that if the money isn't scarce, every desirable good on the planet will become scarce?
00:08:57 - What is irrational urgency and why does it exist with a fiat system?
00:19:21 - Is it possible to not inject energy into money and keep it sound?
00:30:33 - Why do so many people miscalculate how much energy Bitcoin will use in the future?
00:39:29 - Why is it so hard for people to wrap their head around Bitcoin mining in general?
00:45:10 - Is the environmental and energy issues currently playing out in the world connected to what Bitcoin is solving for?
01:01:35 - Where should we start when we think about the energy and environmental impact that's currently plaguing the world?
01:16:18 - Why is it important to keep the monetary constants unchanged?
01:32:14 - What is Bitcoin really solving for, versus every other crypto asset?
02:23:42 - Is Bitcoin the best ESG incentive in the world right now?
02:37:17 - Michael's overall thoughts on why Bitcoin is so important to get right.
🖊️ Access the transcript and learn more about the guest here: www.theinvestorspodcast.com/b...
💡 OTHER RESOURCES
- The article from Baseload BTC, ‘Green-Shaming No More’: bit.ly/3TbsmGD
- Michael's resources on Bitcoin: www.hope.com/
- Seeking Alpha is a crowd-sourced content service for financial markets. Take control of your financial future - Use our link here for a 14-day free trial: www.sahg6dtr.com/59QC8Z/R74QP/
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On Bitcoin Fundamentals, Preston Pysh talks about the fundamentals of bitcoin, investing in bitcoin, news, deep dives and more on interviews with prominent people in blockchain technology.
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THIS is one of those episodes so good, that I have to play it twice and take notes...
CAN YOU ASSIST ME? I'M LOSING MONEY IN TRADING. HOW CAN I TURN A PROFIT?
Achieving profitability in crypto and forex investments demands extensive reading and expertise in market analysis, coupled with mastering the psychology of market management.
I used to face ongoing losses in my account until I crossed paths with Hailey Gassmann, a reliable expert. Now, she oversees my portfolio and ensures I receive steady weekly profits.
I'm familiar with Hailey as well. A coworker suggested her, and her analysis has been a game-changer for me. I've been consistently making $9,000 per week from my initial $3,000 deposit. I can't thank her enough
It's wonderful to spot Hailey's name right here. She's the same person I watched on TV. I invested with her, and her expertise has kept my profits consistent.
I saw testimonies about her but I was skeptical about it but I decided to give her a head start. She' indeed the answer to my secret prayers. My profit is sure every week. Bye to losses lol
3 hours of pure heaven. I can listen to Saylor talk forever
Forever Laura.
@@roberthodgson3574 😂
I bet you one of those people that listen to sermons for fun
I love listening to saylor 💕💕🙌👏
... Lol, and he can talk forever!
This is Saylor at his absolute best. Saved for future reference.
Thanks! Your video calms me down everyday I watch it when the market is pumping! I'm going with your insights. It makes the most sense with where we are at in the cycle. The only thing that would make me think this cycle could be slightly different is the overall increased adoption of crypto since 2019 and all the hype with the BTC/ETH ETF speculation. Could the market stay held up this cycle by the anticipation of ETFs and the overall awareness that a bull run is coming? The surge is speculated to possibly be the beginning of a massive new uptrend, making it a crucial time for investors to pay attention, I've personally benefited from following Elizabeth Rose trading tactics, amassing 23 bitcoins in a short four weeks period, which speaks volumes about his expertise...
she's mostly on Telegrams, using the user name.
@Rose116 💯 ..that's it
I wish I could explain BTC to my mates like @Michael Saylor... pure brilliance.... love this man !
So Great !!!! Michael is back on your show ! Thank you, Preston . I felt in love with M. Saylor over the last two years ! He is so rational, honest and he transformed into a real bitcoiner. He is the best 🧡🧡🧡
👆👆👆For investing guidelines🚀,.
"A person without energy is a ghost." - Saylor always has the best metaphors.
Fantastic, high IQ discussion, Preston and Michael! Worthy of a listen even more than once.
Try once a week
Michael Saylor is so good at explaining bitcoin! Great podcast!
It isn’t hard, the white paper is 9 pages, of which 4 are not required by the average human.
Michael Saylor talking to Preston Physh about Jeff Booth. And we’re only 15 mins in!! Mind. Blown. Thank you!!!!
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Hit me up............
Michael vs Vitalik debate would be glorious.
Non certamine
Thank you Preston and Michael.
I want an alarm clock where when it goes off it's just Michael rattling off analogies and metaphors.
Man Saylor is such a visionary. For sure one of the best things to happen to bitcoin for ngu as well as philosophical and engineering thought explorations.
Lol a guy running a bankrupt software company is a visionary for engineering thought. Can't agree more
@@drxkalishnakov2464 bankrupt software company?! Lol. You sound like an eth developer hahah
@@mh0072 MSTR's earnings are nowhere near enough to even cover their interest obligations, that sounds bankrupt to me. What do you consider bankrupt?
@@drxkalishnakov2464you are being disingenuous because you aren’t not taking into account their pivot in strategy. They aren’t just a software company anymore so you cant factor in interest on their bitcoin.
Fantastic stuff! And may I say, Preston, you asked some very well thought through questions! Loved it 👌🏻
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Thanks Preston, thanks for everything you're doing mate! It's very much appreciated!! Cheers
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I am only 12 mins in and my mind is blown. Saylor is an absolute genius.
To think we have access to this information for free. This is better than 80-90%of what they teach in school.
I'm going to have to listen to this episode over and over again. The amount of gems and wisdom in this episode is almost unparalleled. Saylor + Preston = You better pay fucking attention.
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This is one of the best interviews of Michael Saylor 👌 ❤
Preston, pls tell Michael how much he is changing the world with these podcasts of yours. Kudos to you too. Thnx
Every time I listen to PP and his guests, my brain grows. I could not be more grateful. thx PP
👆👆👆For investing guidelines🚀,..
An incredible peek into the beautiful mind of a caring genius!
yes!
(as always) I must retrieve my brain from the floor-Michael is a deep thinker.
Michael Saylor is so good at explaining bitcoin! Great podcast! Thanks for sharing us 😊
Great episode, feels kind of strange being on par with what Saylor says before he says it. In respect to the new sincerity in a post modern culture and more specifically in defense of bitcoin and the energy fud.
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Listening to Michael Saylor is superior to all of the university lectures that cost me thousands of dollars.
What an excellent interview . Thanks for that
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Thank you for this video, I must say that after my successful experience with expert Christopher Scott, I can boldly say that investing in Bitcoin profitably has a winning pattern.
I have to say this, Mr. Scott is one of the best traders in the cryptocurrency world. I have gained many benefits from the strategy recommended by him.
Please, how can I contact you? I mean this Mr. Christopher Scott
He's on instagram
CHRISTOPHER SCOTT TRADING
Are you saying that he is very good when it comes to trading and that he is also a professional?
3 hours of pure intellectual discoveries & rediscoveries. Preston & Saylor énergies shoot my brain up to new philosophics highs. STACK SATS ... 🙏U2. ♾
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The 737 Max example is a great example of a “soft” control gone wrong - they tried to extend the life of 737 by putting on heavier, more powerful engines. The problem was this shifted the centre of gravity to the point that the aircraft was prone to stalling. To compensate for this, they added some sensors and software to correct the stalling if it started happening, yet there was no manual override. Clearly the software didn’t always work as intended. It’s mind-boggling how this band-aid approach was allowed to be implemented - only in a fiat world.
To listen to several times ... Thank you for so much information and popularization.
👆👆👆For investing guidelines🚀,..
One of the best Saylor interviews.
I’ve seen them all 4x+ each👑
Thanks, great stuff. I’m becoming more of a bitcoin maximalist with each month as I learn and truly understand what it is
👆👆👆For investing guidelines🚀,..
Listening to Saylor explain conceptual ideas is just amazing. He seems to know just how to explain anything he wants in an efficient example. An amazing mind.
I can honestly vouch for DD, he has been honest and realistic. Despite not been on You Tube as he has been focusing on his personal projects and helping those in need, he has consistently shared over 2000 posts since entering the bear market. His dedication keeping his Patreon group informed while working on his projects demonstrates his commitment and transparency. Thank you DD you are loved and appreciated. ❤
My favorite, long-toothed, analogist and master of metaphor. BTC is king and Michael Saylor is its messenger.
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A illustrative video of the $500T is needed for the masse. explaining how any system that loses so much energy is not sound and taking this illustration down to the individual and how they are impacted.
So appreciative of your time and errors Michael and Preston!
👆👆👆For investing guidelines🚀,..
Wow! Thanks so much for the Phd level interview here. For some reason I've never seen this but so glad I found it. Thank you Preston. Keep 'em coming.
This is brilliant! Thank you Michael and Preston. So much to take in
👆👆👆For investing guidelines🚀,.
Saylor is like a poet for engineer.
👆👆👆For investing guidelines🚀,.
I can't get enough of hearing Mr. Saylor
👆👆👆For investing guidelines🚀,..
We need an update of 10 hours of Michael Saylor speaking under the rainstorm.
Fantastic last couple of episodes. You are crushing it Preston!
👆👆👆For investing guidelines🚀,..
This is the type of intellectual integrity we desperately need in leadership.
The insight about "economic energy" is incredible. The fiat paradigm is like a swamp that drains our economic energy, including work, technology, cooperation, and more.
Brilliant and importand discussion about the future of humanity. Yes, it's that important. Thanks.
Can’t wait to check this out. Saylor is the best.
BTC blocks are zeros and ones stored as electrical charges on magnetic media across a universe of N full nodes. Each block contains information that effectively proves the work performed to create that block - proof of work for that block. In effect, the stored blockchain is stored potential electrical energy that represents the electrical energy output (work) of every block.
Satoshi’s protocols and constants can be changed, but to do so requires a >50% consensus of mining node operators. Extremely difficult to get changes introduced today given the tens of thousands of active mining nodes. That’s the beauty of peer-to-peer, open source, consensus software. It’s as close to a natural commodity as humans can produce.
How not to be all in after such a convincing interview?
Michael Saylor is the Philosopher King of Bitcoin.😊❤
I want to buy more Bitcoin every time I hear Saylor on a podcast.
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I love how Saylor makes a perfect argument for $BTC and $KAS.
If we could equate gold being a POW system uses energy to create a physical commodity that sits statically in vaults with bicoins POW system that converts energy into a digital commodity then maybe people like Schiff could get their heads around it!...and your Jason Laury interview was absolutely facinating!
Brilliant. Thank you both. I learned so much.
Michael Saylor is my favourite podcaster and he doesn't even have his own channel.
Thank you ☺️
This is an incredible interview. Well done sir… Great questions! Michael Saylor is absolutely phenomenal…it’s like a university class on how the world works
👍 Coupons will expire! At least Gov. can see it now, hence ETF structure. When you see light after your entire life in darkness, it cannot be unseen. Great interview, uncanny insight from Mr. Saylor! When tides shift in bodies of water there is a point when the water vibrates at different frequencies!
Preston you’re on a roll! These last two shows will make history.
👆👆👆For investing guidelines🚀,..
Thank you for educating us! 🙏 🙌 💕
I’ve been watching the price action on Iris Energy since the January pullback. Friday 800,000 shares crossed the tape at the close signaling a capitulation. After watching this interview 2x I would sum it up with a quote from a business partner 35 years ago. “Good ain’t cheap and cheap ain’t good.” If you don’t own the money then buy the bank. ❤
Awsome talk, thank you both.
His gift is in his metaphors. Plain and simple
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if Einstein was alive today I could see him sitting in a small dark room doing thought experiments that if we're spoken would sound very much like this
If you interview saylor that's automatic subscription
Tremendous lessons on many levels. All of this certainty from Saylor on what Bitcoin is and its value proposition during the crypto winter when this video was produced, while Saylor's got his balls on the table with billions of dollars of his company's money worth of Bitcoin in their treasury. Today crypto moved up and out of the winter, and Saylor is saying the same thing. He's committed and understands it.
I clicked on this instantly. lol
Amazing interview, great job Pres!
I have been subscribed and watching your channel for a long time you are spot on and what you are saying I have invested a nice amount and I will hold it for long term ❤
FANTASTIC conversation from the very first minutes! I'm diving in to this convo immediately. Can't believe I get to listen to it for free! Thank you Michael and Preston!
THANKS MICHAEL AND PRESTON…. everyone has said it already…. great !! stimulating!!
👆👆👆For investing guidelines🚀,.
I sleep 💤 on this lecture 😊
michael and preston are changing my life 5 years after i bought bitcoin and buy weekly
Incredible!!
Great interview
Absolutely amazing Podcast. When are we getting part 3?
👆👆👆For investing guidelines🚀,..
great show
Wonderful interview. Please, Mr. Saylor may I challenge you that energy transfers at the speed of information - instantaneous - as opposed to the speed of light. Which is significantly slower. a seemingly minor point that underscores orders of magnitude beyond comprehension. Thank you, Mr. Pysh. reveals
legend!
Michael Saylor for President. PLEASE.
Excellent!
I was a minor from 2010 -22 and my electric bill was from 1000 - to 3000 a month
I love listening to Michael saylor
Saylor! 💪
Spectacular. 👍👍
This was a good one
Brilliant... Just brilliant!
I like the way you listen🎉
Propz man. Hyped to watch this.
Vitalik: "...and this gives us a lot more freedom to optimize the system..."
This has nothing to do with innovations or re-inventing the money, this is just about the politics now.
Awesome conversation
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With regards to energy usage "relative to what" (2:00:43), I believe the "what" question is WHAT IS THE ENERGY CONSUMPTION OF BITCOIN COMPARED TO THE TRADITIONAL FINANCIAL SYSTEM (ATM's, branch office, data centers, etc)? This comparative analysis needs to be based on the energy usage of the global financial system as Bitcoin operates globally. Opponents of Bitcoin refuse address this question as it would expose the MASSIVE energy consumption of the current financial system.
But Michael does know it is true that we did trust a private company (central bank called the Federal Reserve) to issue our money, for the love of god I hope people will learn how suicidal if that is not fixed/revised/corrected this time around.
How to buy fractional bit coin
You don't want to build on a swamp, but build on granite. so many great lines
Preston this is a great interview, I have a question: Recently, Elon Musk had an interview with Lex Fridman (MIT) about money. During the explanation Elon said "Crypto" can reduce the error in the money database (he highlights that the FED updates the database by running a typical batch process).
When talking about "Crypto", Elon compares Bitcon with Dogecoin, and he says that since Dogecoin is "lightly" inflationary, it is ideal to make transactions, more than Bitcoin and/or the Lightning Network.
If you can talk about that with Michael or any other of your great guests, would be great.
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Who is John Galt?
Thank you Preston and saylor for a constructive way to spend the first 3 hrs of the halving year! 2024 is the year of bitcoin
Cash in cash out , what? What happens to the energy (ETF)
"Ghost parties" is amazing