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

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- Bitcoin & Michael Saylor - A Masterclass in Economic Calculation: • Bitcoin & Michael Sayl...
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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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ABOUT OUR SHOW 🎙
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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[@DH03USMC]

This is Saylor at his absolute best. Saved for future reference.

[@user-hb1qo6cu1z]

THIS is one of those episodes so good, that I have to play it twice and take notes...

[@sharoffrownbeatz9902]

Bitcoin is on its way to breaking records, getting closer to hitting new high prices, showing that it's gaining more value and could go even higher than we've seen before. This could mean great things for people looking to invest, suggesting now might be a good time to get involved before it jumps even higher. It's an exciting moment that could change the game in general...managed to grow a nest egg of around 3.2Biitcoin to a decent 16.4Biitcoin. At the heart of this evolution is Russell Greener, whose deep understanding of both cryptocurrency and traditional trading has been instrumental. His holistic approach to investment and commitment to staying abreast of market trends make him an invaluable ally in navigating this new era in cryptocurrency investment..

[@sharoffrownbeatz9902]

Russell Greener program is widely available on the internet...

[@marevafaucheux8245]

I have seen so many recommendations about Russell Greener, his strategy must be good for people to talk about him.

[@Stacey518]

he is all about simple technique that are highly profitable, I really admire his winning mentality.

[@BraydenEagar]

Russell Greener’s crypto knowledge is like a secret recipe for success!

[@Teodor664]

He appears to be well-educated and well-read. I ran a Google search on his name and came across his website; thank you for sharing..

[@cloudstrife543]

3 hours of pure heaven. I can listen to Saylor talk forever

[@roberthodgson3574]

Forever Laura.

[@smokeyxxl]

@@roberthodgson3574 😂

[@drxkalishnakov2464]

I bet you one of those people that listen to sermons for fun

[@XSTACI]

I love listening to saylor 💕💕🙌👏

[@DanaJumper]

... Lol, and he can talk forever!

[@siantudor-jones3438]

I wish I could explain BTC to my mates like @Michael Saylor... pure brilliance.... love this man !

[@pierrebitcan]

"A person without energy is a ghost." - Saylor always has the best metaphors.

[@russbilderback]

Thank you Preston and Michael. I want an alarm clock where when it goes off it's just Michael rattling off analogies and metaphors.

[@stereodachs]

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 🧡🧡🧡

[@habibacosmatic2364]

👆👆👆For investing guidelines🚀,.

[@simonselkirk4297]

Michael Saylor talking to Preston Physh about Jeff Booth. And we’re only 15 mins in!! Mind. Blown. Thank you!!!!

[@TeIegram_Pask_Makes]

👆👆👆,. Hit me up............

[@mkmstillstackin]

Fantastic, high IQ discussion, Preston and Michael! Worthy of a listen even more than once.

[@worldfun0909]

Try once a week

[@Twinzpark]

Fantastic stuff! And may I say, Preston, you asked some very well thought through questions! Loved it 👌🏻

[@habibacosmatic2364]

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[@snowbunny1001]

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.

[@joshpoland6225]

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.

[@habibacosmatic2364]

👆👆👆For investing guidelines🚀,.

[@waynerichardson1051]

Thanks Preston, thanks for everything you're doing mate! It's very much appreciated!! Cheers

[@habibacosmatic2364]

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[@coinborg8305]

Michael vs Vitalik debate would be glorious.

[@F3YAW]

Non certamine

[@greenerdays999]

Or a boxing match

[@jonp.1084]

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.

[@drxkalishnakov2464]

Lol a guy running a bankrupt software company is a visionary for engineering thought. Can't agree more

[@mh0072]

@@drxkalishnakov2464 bankrupt software company?! Lol. You sound like an eth developer hahah

[@drxkalishnakov2464]

@@mh0072 MSTR's earnings are nowhere near enough to even cover their interest obligations, that sounds bankrupt to me. What do you consider bankrupt?

[@copycatt2579]

@@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.

[@nathanwallace4647]

Michael Saylor is so good at explaining bitcoin! Great podcast!

[@cameronaarninkhof7116]

It isn’t hard, the white paper is 9 pages, of which 4 are not required by the average human.

[@tylerdurdenswallowedthered8142]

Every time I listen to PP and his guests, my brain grows. I could not be more grateful. thx PP

[@habibacosmatic2364]

👆👆👆For investing guidelines🚀,..

[@coolguy7080]

This is one of the best interviews of Michael Saylor 👌 ❤

[@sandymilne224]

Preston, pls tell Michael how much he is changing the world with these podcasts of yours. Kudos to you too. Thnx

[@haparoundthehouse6618]

(as always) I must retrieve my brain from the floor-Michael is a deep thinker.

[@m.vonhollen6673]

Listening to Michael Saylor is superior to all of the university lectures that cost me thousands of dollars.

[@PriyankaGhosh-oj5ot]

Michael Saylor is so good at explaining bitcoin! Great podcast! Thanks for sharing us 😊

[@my2sats260]

One of the best Saylor interviews. I’ve seen them all 4x+ each👑

[@NickNorton-xc2vy]

CAN YOU ASSIST ME? I'M LOSING MONEY IN TRADING. HOW CAN I TURN A PROFIT?

[@CrossDame]

Achieving profitability in crypto and forex investments demands extensive reading and expertise in market analysis, coupled with mastering the psychology of market management.

[@JasonAnton-tj8jx]

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.

[@CateJeffery]

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

[@GeorgePeev-ld7xi]

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.

[@DianaKrichely]

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

[@katerinao9532]

What an excellent interview . Thanks for that

[@habibacosmatic2364]

👆👆👆For investing guidelines🚀,.

To listen to several times ... Thank you for so much information and popularization.

[@habibacosmatic2364]

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[@9trogenta13]

We need an update of 10 hours of Michael Saylor speaking under the rainstorm.

[@SeedyRecords]

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.

[@habibacosmatic2364]

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[@Martin-jk2ng]

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.

[@foxate]

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.

[@Billygoat1022]

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.

[@sthurmo]

My favorite, long-toothed, analogist and master of metaphor. BTC is king and Michael Saylor is its messenger.

[@habibacosmatic2364]

👆👆👆For investing guidelines🚀,..

[@laurentscheercousse3856]

3 hours of pure intellectual discoveries & rediscoveries. Preston & Saylor énergies shoot my brain up to new philosophics highs. STACK SATS ... 🙏U2. ♾

[@habibacosmatic2364]

👆👆👆For investing guidelines🚀,..

[@MH-xq3bo]

This is brilliant! Thank you Michael and Preston. So much to take in

[@habibacosmatic2364]

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[@bitkillerjones.]

Fantastic last couple of episodes. You are crushing it Preston!

[@habibacosmatic2364]

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[@costaricaphotos]

Michael Saylor is the Philosopher King of Bitcoin.😊❤

[@stevem5580]

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!

[@habibacosmatic2364]

👆👆👆For investing guidelines🚀,..

[@logan10045]

I can't get enough of hearing Mr. Saylor

[@habibacosmatic2364]

👆👆👆For investing guidelines🚀,..

[@PeaceWithPractice]

I love how Saylor makes a perfect argument for $BTC and $KAS.

[@YAMAZAK1]

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.

[@F3YAW]

This is the type of intellectual integrity we desperately need in leadership.

[@dbrazeau1024]

Saylor is like a poet for engineer.

[@habibacosmatic2364]

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[@davidthompson8364]

Brilliant and importand discussion about the future of humanity. Yes, it's that important. Thanks.

[@bitcoinpoemspro1406]

Thanks, great stuff. I’m becoming more of a bitcoin maximalist with each month as I learn and truly understand what it is

[@habibacosmatic2364]

👆👆👆For investing guidelines🚀,..

[@jeffstewart3170]

Michael Saylor for President. PLEASE.

[@pagexx]

Michael Saylor is my favourite podcaster and he doesn't even have his own channel.

[@alejandroolmos3834]

If you interview saylor that's automatic subscription

[@fannys941]

Thank you for educating us! 🙏 🙌 💕

[@chrispmar]

Brilliant. Thank you both. I learned so much.

[@stanmanmedia]

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.

[@KamilMauel]

How not to be all in after such a convincing interview?

[@steveparis]

Can’t wait to check this out. Saylor is the best.

[@ParisGavrielides]

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...

[@ParisGavrielides]

she's mostly on Telegrams, using the user name.

[@ParisGavrielides]

@Rose116 💯 ..that's it

[@dbrazeau1024]

I want to buy more Bitcoin every time I hear Saylor on a podcast.

[@habibacosmatic2364]

👆👆👆For investing guidelines🚀,.

[@ouraniac]

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. ❤

[@scottnovitsky9253]

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

[@dek2000utube]

An incredible peek into the beautiful mind of a caring genius!

[@paulslacknoise]

yes!

[@russelljonesOu812]

👍 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!

[@lupic3157]

Awsome talk, thank you both.

[@Emilyleestrong]

Thank you ☺️

[@Miguel-rj2hc]

Amazing interview, great job Pres!

[@tomforstik4899]

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

[@tc96z1]

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. ❤

[@HtPt]

I sleep 💤 on this lecture 😊

[@user-vc9xt9mp2p]

I was a minor from 2010 -22 and my electric bill was from 1000 - to 3000 a month

[@ioansmarket]

Just listening to the first 7 minutes and already can summarize the world of financial problems . Gold...actually bitcoin content !

[@stevelegreid]

His gift is in his metaphors. Plain and simple

[@habibacosmatic2364]

👆👆👆For investing guidelines🚀,.

[@brackxexpressionist]

THANKS MICHAEL AND PRESTON…. everyone has said it already…. great !! stimulating!!

[@habibacosmatic2364]

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[@kha_2428]

Absolutely amazing Podcast. When are we getting part 3?

[@habibacosmatic2364]

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[@CryptoGrady]

This was a good one

[@cliftonwayne7673]

Excellent!

[@cornwallsunny8453]

Incredible!!

[@moriartyco]

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!

[@tesegan6420]

I love listening to Michael saylor

[@JMW_JMW_JMW]

Propz man. Hyped to watch this.

[@hodlxhold4988]

great show

[@mateuspaes]

Preston you’re on a roll! These last two shows will make history.

[@habibacosmatic2364]

👆👆👆For investing guidelines🚀,..

[@davecorley5514]

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.

[@Stumptownc]

Great interview

[@RyanBlair01]

Brilliant... Just brilliant!

[@Blackwingsss]

I clicked on this instantly. lol

[@windlord7125]

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

[@kingsleywalker9794]

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.

[@EdwardMcCullen-hu5wb]

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.

[@louisspecter-pm4fc]

Please, how can I contact you? I mean this Mr. Christopher Scott

[@kingsleywalker9794]

He's on instagram

[@kingsleywalker9794]

CHRISTOPHER SCOTT TRADING

[@louisspecter-pm4fc]

Are you saying that he is very good when it comes to trading and that he is also a professional?

[@marcbriggs4449]

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!

[@chucksirois1142]

michael and preston are changing my life 5 years after i bought bitcoin and buy weekly

[@bullsvsbearsMia-mi]

I like the way you listen🎉

[@user-hy2lh4fx8t]

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 ❤

[@suunt12]

Spectacular. 👍👍

[@eviliosierra4222]

Awesome conversation

[@habibacosmatic2364]

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[@joaosas]

Preston can keep grumpy cat face for 3 hours straight

[@bethgreenberet1734]

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

[@ssylwester]

You don't want to build on a swamp, but build on granite. so many great lines

[@eaurevoir]

Great stuff

[@DiegoLSarmiento]

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.

[@habibacosmatic2364]

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[@sagi2tarius-722]

legend!

[@BatmanBoss]

Saylor! 💪

[@pdotdollarsign]

Great Name !

[@guswilson3191]

How to buy fractional bit coin

[@kevalan1042]

"Ghost parties" is amazing