YouSaid · the spoken record

Michael Saylor

lines on the record: 260
first: 2022-04-14
most recent: 2022-04-14
sittings or episodes: 1
sources: podcast

Every line below is reproduced as it was said and linked to the record it came from. Nothing here is summarised or generated. Directory · Search · Corrections

“Sell their house or sell their cash and buy Twitter stock is that ethical? Not really, but at that point you've entered into a conflict of interest because what you're doing is you're promoting an asset which is substantially controlled by a small group of people, the board of directors or the CEO of the company. How would you feel if the president of the United States said, I really think Americans should all buy apple stock?”
2022-04-14 · Lex Fridman Podcast · #276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money · IDENTIFIED FROM THE TRANSCRIPT · source
“Because if it's a security, a security would be an example of a share of a stock or a crypto token controlled by a small team. And in the event that something is a security because some small group or some identifiable group can control its nature, character, supply. Then it really only becomes ethical to promote it or sell it pursuant to fair disclosures. So I give you maybe practical example. I'm the mayor of Chicago. I give a speech. My speech, I say, I think everybody in Chicago should own their own farm and have chicken in the backyard and their own horse and an automobile. That's ethical Give the same speech and I say, I think everybody in Chicago should buy Twitter stock.”
2022-04-14 · Lex Fridman Podcast · #276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money · IDENTIFIED FROM THE TRANSCRIPT · source
“Right? And it doesn't matter what the premier in Japan or the mayor of Miami Beach thinks about your bill. They cannot wave their hand and make it not a barrel of oil or a quart of wood, right? And so property is just a naturally occurring element in the universe, right?”
2022-04-14 · Lex Fridman Podcast · #276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money · IDENTIFIED FROM THE TRANSCRIPT · source
“Ethical durable fashion. The ethical innovation is I want it to be property and not a security. A bushel of corn, an acre of land, a stack of lumber, and a bar of gold and a bitcoin are all property. And that means they're all commonly occurring elements in the world. You could call them commodities, but commodity is a little bit misleading, and I'll tell you why in a second, but they're all distinguished by the fact that no one entity or person or government controls them. If you have a barrel of oil and you're in Ukraine versus Russia versus Saudi Arabia versus the US, you have a barrel of oil.”
2022-04-14 · Lex Fridman Podcast · #276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money · IDENTIFIED FROM THE TRANSCRIPT · source
“I would call it a crypto asset network. The goal is to create a billion dollar block of pure energy in cyberspace. One that I could then move with no friction at the speed of light. It's the equivalent to putting a million pounds in orbit. How do I actually launch Something into orbit, right? How do I launch something into cyberspace such that it moves friction free? And the solution is decentralized proof of work network, right? Satoshi's solution was I'm going to establish protocol running on a distributed set of computers that will maintain a constant supply of never more than 21 million Bitcoin subdividable by 100 million Satoshis each transferable via transferring private keys. Now the innovation is to create that in a”
2022-04-14 · Lex Fridman Podcast · #276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money · IDENTIFIED FROM THE TRANSCRIPT · source
“And you have all forms of energy, all frequencies, all layered, all moving through different medium. And how you perceive the world is the question of at what frequency do you want to perceive the world? And I think that once you start to think that way, you're catalyzed to think about what would digital energy look like and why would I want it? And what is it? So Why don't we just start right there? What is it? The most famous manifestation of digital energy is Bitcoin. Bitcoin's a crypto asset. It's a crypto asset that has monetary value.”
2022-04-14 · Lex Fridman Podcast · #276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money · IDENTIFIED FROM THE TRANSCRIPT · source
“Four and a half billion years ago, the sun, maybe the earth or form. Continents are 400 million years old, the schist that New York City is on is some hundreds of millions of years, but the Hudson River is only 20,000 years. There's a building that's probably fifty years old. There's a company operating that disco or that club, which is five to ten years old. There's a person, a customer walking in there for an experience for a few hours. There's music that's oscillating at some kilohertz, and then there's light.”
2022-04-14 · Lex Fridman Podcast · #276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money · IDENTIFIED FROM THE TRANSCRIPT · source
“So I'll start with Tesla. He had a very famous quote. He said, if you want to understand the universe, think in terms of energy, vibration, and frequency. And it gets you thinking about what is the universe. And of course, the universe is just all energy. And then what is matter? Matter is low frequency energy. And what are we? We're vibrating, ashes to ashes, dust to dust. I can turn a tree into light. I can turn light back into a tree. If I consider the entire universe, and it's very important because we don't really think this way. Let's take the New York disco model. If I walk into a nightclub and there's loud music blaring in New York City, what's really going on there? If you blast out 15, 14 billion years ago, the universe is formed. Okay, that's a low frequency thing the universe.”
2022-04-14 · Lex Fridman Podcast · #276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money · IDENTIFIED FROM THE TRANSCRIPT · source
“Multi trillion 10, 20, $50 trillion worth of opportunities in the digital information realm yet to be obtained. But there's hundreds of trillions of dollars of opportunities in the digital energy realm that not only are they not obtained, the majority of people don't even know what digital energy is. Most of them would reject the concept. They're not looking for it. They're not expecting to find it. It's inconceivable because it is a paradigm shift. But in fact, it's completely practical right under our nose. It's staring at us and it could make the entire civilization work dramatically better in every respect.”
2022-04-14 · Lex Fridman Podcast · #276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money · IDENTIFIED FROM THE TRANSCRIPT · source
“They squandered trillions and trillions of dollars and achieved nothing. Whereas if they pursue a practical objective or if they simply get out of the way and do nothing and they allow the free market to pursue the practical objectives, then I think you can have profound impact on the human civilization. If I look at World we're in today, I think that there are”
2022-04-14 · Lex Fridman Podcast · #276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money · IDENTIFIED FROM THE TRANSCRIPT · source
“United States government, if they took 1% of the money they spend on the Department of Education and they simply poured it into digital education and they gave degrees to people that actually met those requirements, they could provide 100X as much education for one one hundredth of the cost and they could do it with no new technology. That's a marketing and political challenge. So I don't think every objective is equally practical. And I think the benefit of being an engineer or thinking about practical achievements is when the government pursues an impractical objective or when anybody, an entrepreneur, not so bad with an entrepreneur because they don't have that much money to waste. When a government pursues an impractical objective.”
2022-04-14 · Lex Fridman Podcast · #276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, Twitter can be made 10 times better. If we take YouTube or take education. We could generate a billion PhDs. And the question is, do you need any profound breakthrough in materials or technology to do that? And the answer is not really. So if you want to, you could make Apple Amazon, Facebook, Google, Twitter, all these things better.”
2022-04-14 · Lex Fridman Podcast · #276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money · IDENTIFIED FROM THE TRANSCRIPT · source
“This is where money is useful as a metaphor for significance because if money is the economic energy of the civilization, then something that's extraordinarily lucrative that's going to generate a monetary or a wealth increase is a way to increase the net energy in the civilization. And ultimately, if we had 10 times as much of everything, we'd have a lot more free resources to pursue all of our advanced scientific and mathematical and theoretical endeavors. So let's take Twitter. Twitter is something that could be 10 times more valuable than it is. Twitter could be made 10 times better.”
2022-04-14 · Lex Fridman Podcast · #276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money · IDENTIFIED FROM THE TRANSCRIPT · source
“You would say, you know, it's not going to work till you get to aluminum, and you're not going to get to aluminum till you work out the steel and certain other things. And you're not going to get to that until you work out the calculus of variations and some metallurgy. And there's a dude Newton that won't come along for quite a while, and he's going to give you the calculus to do it. And until then, it's hopeless. So you might be better off to work on the aqueduct or to focus upon sales or something. So if I look at this today, I say, There's massive, profound environment, civilization advances to be made through digital transformation of information. And you can see them like that. This is the story of today. This is not the story of today, right?”
2022-04-14 · Lex Fridman Podcast · #276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money · IDENTIFIED FROM THE TRANSCRIPT · source
“I would say if half the civilization dropped what they were doing tomorrow and eagerly started working on launching a rocket to Alpha Centauri. Might not be the best use of our resources because it's kind of like if half of Athens in the year 500 BC eagerly started working on flying machines, if you went back and you said, what advice would you give them?”
2022-04-14 · Lex Fridman Podcast · #276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money · IDENTIFIED FROM THE TRANSCRIPT · source
“But then I start to put telemetry into the map and I keep track of the traffic rates on the roads. And I tell you whether you'll be in a traffic jam if you drive that way. And I tell you which way to drive. And then I start to get feedback on where you're going and I tell you the restaurant's close and people don't like it anyway. And then I put an AI on top of it, and I have it drive your car for you. And eventually the implication of digital transformation of maps is I get into self-driving car and I say, take me someplace cool where I can eat. And how did you get to that last step, right? It wasn't simple engineering. There's a bit of fantasy in there, a bit of magic.”
2022-04-14 · Lex Fridman Podcast · #276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money · IDENTIFIED FROM THE TRANSCRIPT · source
“They call for creativity in their own, I think the interesting thing about, let's take digital maps. When you conceptualize something as a dematerialized map, it becomes a map because I can put it on a display, like an iPad, or I can put it in a car, like a Tesla. But if you really want to figure it out, you can't think like an engineer. You need to think like a fantasy writer. Like this is where it's useful if you studied, if you read, played Dungeons& Dragons and you read Lord of the Rings and you studied all the fantasy literature because Because when I dematerialize the map, first I put 10 million pages of satellite imagery into the map, right? That's a simple physical transform.”
2022-04-14 · Lex Fridman Podcast · #276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money · IDENTIFIED FROM THE TRANSCRIPT · source
“Hard to radio protocols, mobile protocols, the batteries. CPUs and the displays, right? Those four components are pretty critical. They're all critical in the creation of an iPhone. I wrote about it in the book, The Mobile Wave, and they catalyzed this entire mobile revolution because they have advanced and continued to advance They created a very fertile environment for all these digital transformations. And the digital transformations themselves”
2022-04-14 · Lex Fridman Podcast · #276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money · IDENTIFIED FROM THE TRANSCRIPT · source
“Humility dictates that nobody knows when the S curb kicks off and you could be 20 years earlier, 100 years early Leonardo da Vinci, you know, they were Michelangelo, they were designing flying machines hundreds and hundreds of years ago. So humility says you're not quite sure when you really hit that commercial viability. And it also dictates you don't know when it ends. Like, when will the party stop? When will Moore's Law stop? And we'll get to the point where they're exponentially diminishing returns on silicon performance. And just like we got exponentially diminishing returns on jet engines, you know, and it just takes an exponential increase in effort to make it 10% better. But while you're in the middle of it, then you know you can do things. So the reason that the digital revolution is so important is because the underlying platforms, the bandwidth and the performance of the components, and I say the component.”
2022-04-14 · Lex Fridman Podcast · #276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money · IDENTIFIED FROM THE TRANSCRIPT · source
“So, the point is we're year zero in 2013 and we're still year zero in 2022 on that augmented reality. And when somebody puts out a set of glasses that you can wear comfortably without getting vertigo, without any disorientation that managed to have the stability and the bandwidth necessary to sync with the real world, you'll be in year one. And from that point, you'll have a 70-year-old, some interesting future until you slam into a limit to growth. And then it'll slow down. And this is the story of a lot of things, right? I mean, John D. Rockefeller got in the oil business in the 1860s. And the oil business, as we understood it, became fairly mature by the 1920s to 30s. And then it actually stayed that way until we got to fracking, which was like 70 years later. And then it burst forward.”
2022-04-14 · Lex Fridman Podcast · #276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money · IDENTIFIED FROM THE TRANSCRIPT · source
“Of jet engines had doubled every three years. In the last 40 years, where we'd be right now, right? So I think that if you're a business person, if you're looking for commercially viable application of your mind, then you have to find that S curve and ideally you have to find it in the first five, six, ten years, but people always miss this. Let's take Google Glass. Google Glass was an idea 2013. The year is 2022, and people were quite sure this was going to be a big thing.”
2022-04-14 · Lex Fridman Podcast · #276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money · IDENTIFIED FROM THE TRANSCRIPT · source
“When we figure out how to operate a spaceship on the water in your water bottle for a year. Now, then you've got a breakthrough. So, the bottom line is propulsion technology propellants and the materials technology, they were critical to getting on that aviation S-curve. And then we slammed into a wall in the 70s in the Boeing 747, the Global Express, the Gulf Stream. These things were, the space shuttle. They were all pretty much reflective of that. And then we kind of Then we stopped. And at that point, you have to switch to a new S curve. So the next equivalent to the internal combustion engine was the CPU and the next aluminum equivalent was silicon. So when we actually started developing CPUs, transistor gave way to CPUs. And if you look at the power, right, the bandwidth that we had on computers and Moore's law, right? What if the efficiency”
2022-04-14 · Lex Fridman Podcast · #276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money · IDENTIFIED FROM THE TRANSCRIPT · source
“So tell me the last big advance in jet engines. There hasn't been one. The last big advance in rocket engines hasn't been one. The big advances in spaceship design from what I can see are in the control systems, the gyros and the ability to land. Right in a stable fashion, that's pretty amazing landing a rocket.”
2022-04-14 · Lex Fridman Podcast · #276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money · IDENTIFIED FROM THE TRANSCRIPT · source
“Okay, so 1900, we made massive advances in metallurgy, right? I mean, that was U.S. steel, that was iron to steel, aluminum, massive fortunes were created because this was a massive technical advance. And then we also had the internal combustion engine. And, you know, the story of Ford and General Motors and Daimler Chrysler and the like is informed by that. So you have no jet engines, no rocket motors, no internal combustion engines. You have no aviation. But even if you had those engines, if you were trying to build those things with steel, no chance. You had to have aluminum. So there's like two pretty basic technologies. And once you have those two technologies, stuff happens very fast.”
2022-04-14 · Lex Fridman Podcast · #276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money · IDENTIFIED FROM THE TRANSCRIPT · source
“The National Gallery of Art was endowed by a very rich man, Andrew Mellon, and you know how he made his money? Alum Okay, and so, and you know what kind of airplanes you can create without aluminum? Nothing right”
2022-04-14 · Lex Fridman Podcast · #276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money · IDENTIFIED FROM THE TRANSCRIPT · source
“Right question is so why does a guy that went to MIT that got an aeronautical engineering degree spend his career in software? Like, why is it that I never a day in my life, with the exception of some Air Force Reserve work, I never got paid to be an aeronautical engineer and I worked in software engineering my entire career?”
2022-04-14 · Lex Fridman Podcast · #276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money · IDENTIFIED FROM THE TRANSCRIPT · source
“We slammed into a brick wall around 69 to 75. Like, in fact, the Global Express, the Gulf Stream, these were all engineered in the 70s, some in the 60s. The actual fuselage silhouette of a Gulf Stream, of a G5, was the same shape as a G4, is the same shape as a G3, is the same shape as a G2. And that's because they were afraid to change the shape for 40 years because they worked it out in a wind tunnel. They knew it worked. And when they finally decided to change the shape, it was like a 10 billion dollar exercise with modern supercomputers and computational fluid dynamics.”
2022-04-14 · Lex Fridman Podcast · #276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money · IDENTIFIED FROM THE TRANSCRIPT · source
“In 1900, you could have got any number of learned academics to give you 10,000 reasons why humans will never fly. And in 1903, the Wright brothers flew. And by 1969, we're walking on the moon. So the advance that we made in that field was extraordinary. But for the hundred years and 200 years before, they were just back and forth and nobody was close. And that's the happy part, the happy part is we went from flying 20 miles an hour or whatever to flying 25,000 miles an hour. In 66 years. The unhappy part is I studied aeronautical engineering at MIT in the 80s. And in the 80s, we had Gulfstream aircraft. We had Boeing 737s. We had the space shuttle. And you fast forward 40 years. And we pretty much had the same exact aircraft. The efficiency of the engines was 20, 30 percent more.”
2022-04-14 · Lex Fridman Podcast · #276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money · IDENTIFIED FROM THE TRANSCRIPT · source
“Touching on those points, you'd love for the 500,000 algebra teachers to become 500,000 math specialists and maybe they clump into 50,000 specialties as teams and they all pursue 50,000 new problems and they put their algebra teaching on autopilot. That's the same as when I give you 11 cents worth of electricity and you don't have to row a boat eight hours a day before you can eat, right? It would be a lot better that you would pay for your food in the first eight seconds of your day and then you could start thinking about other things, right? With regard to technology, one thing that I learned studying technology when you look at S-curves is until you start the S curve, you don't know whether you're a hundred years from viability, a thousand years from viability or a few months from viability”
2022-04-14 · Lex Fridman Podcast · #276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money · IDENTIFIED FROM THE TRANSCRIPT · source
“Hundred times more efficiently as a start, but a million times more efficiently is probably, you know, that's hopeful. Maybe you have a chance. And if you look at all of these space endeavors and everything we're thinking about getting to Mars, getting off the planet, getting to other worlds, number one thing you got to do is you got to make a fundamental breakthrough in an engine. People dreamed about flying for thousands of years, but until the internal combustion engine, you didn't have enough energy, enough power in a light enough package in order to solve the problem. And the human race has all sorts of fundamental engines and materials and techniques that we need to master. And each one of them is a lifetime. Experimentation of someone capable of making seminal contribution to the body of human knowledge.”
2022-04-14 · Lex Fridman Podcast · #276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money · IDENTIFIED FROM THE TRANSCRIPT · source
“I love them. I mean, please don't take offensive your analytcher. But instead of 500,000 algebra teachers going through the same motion over and over again, what you need is like one or five or ten really good algebra teachers and they need to do it a billion times a day or a billion times a year for free. And if we do that No reason why you can't give infinite education, certainly in science, technology, engineering, and math, right? Infinite education to everybody with no constraint. And I think the same is true, right? With just about every other thing. If you want to bring joy to the world, you need digital music. If you want to bring enlightenment to the world, you need digital education. If you want to bring anything of consequence in the world, you got to digitally transform it. And then you got to manufacture it something like...”
2022-04-14 · Lex Fridman Podcast · #276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money · IDENTIFIED FROM THE TRANSCRIPT · source
“Don't solve the problem, right? If I put $10 trillion on the table and I said, educate everybody, give them all a PhD, you still wouldn't solve the problem. Harvard University can't educate 18,000 people simultaneously or 87,000 or 800,000 or 8 million. So you have to dematerialize the professor and dematerialize the experience. So you put it all as streaming on demand, computer generated education, and you create simulations where you need to create simulations and you upload it Like the human condition is being held back by 500,000 well-meaning average algebra teachers.”
2022-04-14 · Lex Fridman Podcast · #276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money · IDENTIFIED FROM THE TRANSCRIPT · source
“Million to a billion highly educated people, all of them specializing in, and I don't have to tell you how many different fields of human endeavor there are. I mean, your life is interviewing these experts and there's so many, right? You know, it's amazing. So how do I give a multi-million dollar education to a billion people? And there's two choices. You can either endow a scholarship, in which case you pay $75,000 a year, okay, $75,000. Let's pay a million dollars and a million dollars a person. I can do it that way. And you're never even if you had a trillion dollars, if you had $10 trillion to throw at the problem and we've just thrown ten trillion dollars at certain problems.”
2022-04-14 · Lex Fridman Podcast · #276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money · IDENTIFIED FROM THE TRANSCRIPT · source
“You need people with postgraduate level education. You need PhDs. And I know this sounds kind of elitist, but you want to cure cancer and you want to go to the stars fusion drive. We need new propulsion, right? We need extraordinary breakthroughs in every area of basic science, be it biology or propulsion or material science or computer science. You're not doing that with an undergraduate degree. You're certainly not doing it with a high school education. But the cost of a PhD is like a million bucks. There's like 10 million PhDs in the world. If you go do the, if you check it out, there's 8 billion people in the world. How many people could get a PhD or would want to? Maybe not 8 billion, but a billion, 500 million. Let's just say 500 million to a billion. How do you go from 10?”
2022-04-14 · Lex Fridman Podcast · #276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money · IDENTIFIED FROM THE TRANSCRIPT · source
“I went on scholarship. I was lucky to have a scholarship. But on the other hand, I sat in the back of the 801 lecture hall and I was like right up in the rafters. It's an awful experience on these like uncomfortable wooden benches and you can barely see the blackboard and you got to be there synchronously. And the stuff we upload, you can start it and stop it and watch it on your iPad or watch it on your computer and rewind it multiple times and sit in a comfortable chair and you can do it from anywhere on earth and it's absolutely free. So I think about this and I think you want to improve the human condition.”
2022-04-14 · Lex Fridman Podcast · #276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money · IDENTIFIED FROM THE TRANSCRIPT · source
“Like a hundred years worth of my father, my grandfather, my great grandfather, they saved every penny they had after 100 years. They could have paid for one week or two weeks of MIT. That's how fiendishly expensive and inefficient it was.”
2022-04-14 · Lex Fridman Podcast · #276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money · IDENTIFIED FROM THE TRANSCRIPT · source
“I would say if you're a technologist philosopher, The impact of a technology is so much greater on the civilization and the human condition than a non-technology that is almost not worth your trouble to bother trying to fix things a conventional way. So let's take an example. I have a foundation, the sailor academy and the sailor academy gives away free education, free college education to anybody on earth that wants it. And we've had more than a million students. And if you go and you take the physics class, the lectures were by the same physics lecture that taught me physics at MIT. Except when I was at MIT, the cost of the first four weeks of MIT would have drained my family's collective life savings for the first hundred years.”
2022-04-14 · Lex Fridman Podcast · #276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money · IDENTIFIED FROM THE TRANSCRIPT · source
“So the first wave of digital transformation was the dematerialization of all of these informational things, which were non-conservative. That is, you know, I could take Beethoven's Fifth Symphony, played for by the best orchestra in Germany, and I could give it to a billion people and they could play it a thousand times each at less than the cost of the one performance, right? So I deliver culture and education and erudition and intelligence and insight to the entire civilization over digital rails. And the consequences of the human race are first order, generally good, right? The world is a better place. It drives growth. And you create these trillion dollar entities like Apple and Amazon and Facebook and Google and Microsoft. That is the first wave. The second wave.”
2022-04-14 · Lex Fridman Podcast · #276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money · IDENTIFIED FROM THE TRANSCRIPT · source
“Billion people. That's the explosion in prosperity that comes from digital transformation. And when we do it with maps, I transform the map, I put it into a car, you get in the car and the car drives you where you want to go with the map, right? And how much better is that than a Ram McNally Atlas right here? It's like a million times better.”
2022-04-14 · Lex Fridman Podcast · #276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money · IDENTIFIED FROM THE TRANSCRIPT · source
“If I can dematerialize music books, education, entertainment, maps, right, that is an incredibly exothermic transaction. It's a crystallization when we collapse into a lower energy state as a civilization. We give off massive amounts of energy. If you look at what Carnegie did, the richest man in the world created libraries everywhere at the time. And he gave away his entire fortune. And now we can give a better library to every six-year-old for nothing. And so what's the value of giving a million books to a...”
2022-04-14 · Lex Fridman Podcast · #276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money · IDENTIFIED FROM THE TRANSCRIPT · source
“Think there's two big ideas. The first wave of ideas were digital information, and that was the internet wave been running since 1990 or so for 30 years. And the second wave is digital energy. So, if I look at digital information, This idea that we want to digitally transform a book. Going to dematerialize every book in this room into bits and then I'm going to deliver a copy of the entire library to a billion people and I'm going to do it for pretty much de minimis electricity.”
2022-04-14 · Lex Fridman Podcast · #276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money · IDENTIFIED FROM THE TRANSCRIPT · source
“Ever persistent theme in the history of science is the paradigm shift and the paradigms shift when the old guard dies and a new generation arrives or the paradigms shifts when there's a war and everyone that disagrees with the idea of aviation finds bombs dropping on their head or everyone that disagrees with whatever your technology is has a rude awakening and if they totally disagree their society collapses and they're replaced by that new thing”
2022-04-14 · Lex Fridman Podcast · #276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money · IDENTIFIED FROM THE TRANSCRIPT · source
“Most organized society wins. When the Romans were dominating everybody, they were the most organized civilization in Europe. And as long as they stayed organized, they dominated. And at some point, they overexpanded and got disorganized and they collapsed. And I guess you could say that the struggle of the human condition, it catalyzes the development of new technologies one after the other. It penalizes anybody that rejects ocean power, right, gets penalized, you reject artillery, you get penalized, you reject atomic power, you get penalized, if you reject digital power, cyber power, you get penalized. And the underlying control of the property keeps shifting hands from one institution or one government to another based upon how rationally they're able to channel that energy and how well organized or coordinated they are.”
2022-04-14 · Lex Fridman Podcast · #276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money · IDENTIFIED FROM THE TRANSCRIPT · source
“They could have stood off 500 meters and put a hole in your head, right? And so there was never a time. Humanity wasn't vying to come up with an asymmetric form of projecting their own power via technology.”
2022-04-14 · Lex Fridman Podcast · #276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money · IDENTIFIED FROM THE TRANSCRIPT · source
“It is that, and it does remind you that the winner is always the most powerful. And we throw that phrase out, but no one thinks about what that phrase means. Like, who's the most powerful or the most powerful side won, but they don't think about it. And they think about power. Delivered in a period of time, and then you think. A guy with a spear is more powerful than someone with their fist and someone with a bow and arrow is more powerful than the person with the spear. And then you realize that somebody with bronze is more powerful than without and steel is more powerful than bronze. And if you look at the Romans, they persevered with artillery and they could stand off from 800 meters and blast you to smithereens. You study the history.”
2022-04-14 · Lex Fridman Podcast · #276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money · IDENTIFIED FROM THE TRANSCRIPT · source
“That one hill going back since time immemorial. And you scratch your head and you think it seems like it's like just this never-ending.”
2022-04-14 · Lex Fridman Podcast · #276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money · IDENTIFIED FROM THE TRANSCRIPT · source
“And you talk to people, and the story is oh, yeah, well, that was a British cash all before it was a Scottish castle, before it was a pick castle, before it was a Roman castle, before it was some other Celtic castle, before, you know, then they found 13 prehistoric castles buried one under the other under the other. And you get to conclusion that 100,000 years ago, somebody showed up and grabbed the high point, the apex of the city, and they built a stronghold there and they flourished and their family flourished and their tribe flourished until someone came along and knocked them off the hill and has been a non stop never ending fight by the aggressive, most powerful entity, family, organization, municipality, tribe, whatever.”
2022-04-14 · Lex Fridman Podcast · #276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money · IDENTIFIED FROM THE TRANSCRIPT · source
“The answer that came back was human beings. I was shocked. I couldn't believe it, right? It says apparently, if we're just looking at mammals, the answer was human beings are the most common, which was very interesting to me. I almost didn't believe it, but I was trying to figure it out. You know, eight billion or so human beings. There's no other mammal that's got more than eight billion. Walk through downtown Edinburgh and Scotland, and you look up on this hill and this castle up on the hill”
2022-04-14 · Lex Fridman Podcast · #276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money · IDENTIFIED FROM THE TRANSCRIPT · source
“Record the Apex Predator on the planet, and I Googled something the other day, what's the most common form of mammal? Life on the earth”
2022-04-14 · Lex Fridman Podcast · #276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money · IDENTIFIED FROM THE TRANSCRIPT · source
“Ship. I mean, look at the intricacy of those sails. I mean, it's just the model is intricate. Now think about all of the experimentation that took place to figure out how many sales to put on that ship and how to rig them and how to repair them and how to operate them.”
2022-04-14 · Lex Fridman Podcast · #276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money · IDENTIFIED FROM THE TRANSCRIPT · source