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 Trailer
00:01:06 - Swan Bitcoin
00:03:22 - Robert’s Intro
Economics
00:06:46 Science of Infectious Disease, Sterilization, & Antibiotics
00:08:33 Economics with Dirty Money
Defective Money is Toxic
00:09:33 Meditations on Toxicity as a threat to life
00:11:33 Inflation Myths & Misconceptions
00:12:33 Jedi Mind Tricks in Economics –“No Inflation Here”
00:13:33 Early Retirement in your Consumer Basket
00:15:06 Questioning Basic Premises of Economics
00:15:23 “We can’t tell people what to think, but we can tell them what to think about”
00:15:33 30 year Bond calc – Mistake
Inflation & Interest Rates
00:17:09 Inflation Coefficients & Drivers
00:18:49 Scarcity in Real Estate & Goods
00:19:59 Agreement on bleeding George Washington to death
00:20:33 Energy content in products, services, & assets
00:23:33 Cherry Picking the Inflation Bucket for CPI
00:25:02 Obscene Asset Inflation
00:26:33 Scarce= High Energy Value
00:27:07 Inflation is Theft, but most don’t realize this
00:28:26 Inflation is Freezing to Death
00:31:00 Real Yields vs. Asset Inflation Rates
00:31:52 Storing Value in Equity & Debt
00:34:47 Why do Stocks always go up?
00:37:27 Big Tech vs. the entire Equity market
00:38:14 Darwinian Competition
00:40:04 Humility & Stoicism
00:41:54 Challenges of Competing & Commercializing Acquisitions
00:43:52 The Law of Decimation & Murphy’s Law
00:45:14 Underestimating the cost of maintenance on assets
00:45:47 Dangers of Youthful Ambition & Empire Building
00:47:33 10% tithe as a continuing theme
00:49:11 Words don’t matter – Actions matter
00:49:31 Paradox of Marcus Aurelius & Imperial Virtue
00:52:03 Marcus Aurelius & the Crypto Keys to Empire
00:53:53 There is always time to snatch defeat from the jaws of victory
Natural Competition
00:54:50 Darwinian Vitality & Antifragilty
00:55:29 Terrifying Natural Beauty
00:56:11 Everything is at its finest when tomorrow is uncertain.
00:56:23 Ants at War on a Sunny Day
00:57:52 Lions & Antelope on Television
00:59:18 Dynamic Equilibrium & Ecosystem Health
01:00:53 Paradox of the Engineer vs. Zookeeper
01:01:30 Easter Island Ecosystem Collapse
01:02:10 Free Market is Economic Expression of Darwinian Equilibrium
01:03:33 - Robert's Outro
01:42:27 - End
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