Friday, 29 October 2021

Today it is my task to present to you a bird's eye view of The Saylor Series


This is all in Michael Saylor's own words from the full transcripts (bottom):“It all started for us with channeling energy…releasing a latent energy in matter—we’re converting matter into energy.”“Technologies that are dominating today, they’re dominating because they’re able to deliver force faster, harder, stronger, smarter...if it’s got the characteristic that it can be made harder, smarter, stronger, faster, there’s something compelling about it!""The Roman Empire is a great model for the way that human beings interact with technology and the way that they interact with a competitive world and become both antifragile and get harder, smarter, faster, and stronger!""The Roman way: there’s a certain submission to nature and the organism is greater than any one individual and any one family. It’s continually refreshing itself. We have to have a constant flow of new talent, new leadership.""It’s not that the Romans invented everything, it’s just that the Romans stole every good idea from every civilization from the Greeks, from the Carthaginians, from the whatever that they crushed.""The basic credo of the engineer is: I look at nature and I look at the circumstances that I’m surrounded by and I use my intellect and every material and technique at hand in order to construct a better world for everyone and everything that I love.""The Romans were healthy as long as they kept tension and dynamism and this incredible competition in their ecosystem, and when they lost it, they lost their edge.""Everywhere on Earth where you see a big city, it was the center of an empire. Everywhere where you see a city that’s fallen upon hard times, that’s been destroyed—its empire lapsed. [It once had economic density but then lost economic density].""Where there’s an explosion of innovation and an explosion of vitality, somebody tapped into 1,000x more energy or figured out how to deliver the energy.""Everyone that’s succeeded [in the history of technology]—every empire, individual, company—they all found a way to be harder, smarter, faster, stronger.""Humans triumph throughout history by channeling energy. Since 1mm years ago to today—it’s really the story of intelligent people looking around for Where is the energy coming from? How do I channel it in a network in order to achieve something harder, smarter, faster, stronger?""I want to replace 'monetary network' with energy network, because monetary energy is energy! What is money? Money is the highest form of energy that human beings can channel.""Humans prosper by channeling energy. [#Bitcoin is about to be] the most efficient energy network in the history of the world. Because the challenge of humanity is: how do I store energy and transmit energy across time and space and domain?""I think the success of #Bitcoin and the network power ultimately is a function of the adoption, the utility, the productivity, and the inflation...If there’s a lesson of history, the lesson of history is: the most organized team always wins.""Everybody that’s marketing #Bitcoin, everyone working on Bitcoin technology, everyone simply HODLing Bitcoin, everybody that hates it, everybody attacking every other asset, every time another asset fails or another currency weakens it, [the passage of time]—contributes to it.""#Bitcoin is the best system in the history of the world for controlling, storing, and channeling energy, and that’s why it’s destined to be successful.""[On #Bitcoin as a swarm of cyber hornets]: When something is a decentralized, organic creature that is rapidly evolving and adapting, it becomes excessively antifragile because every time you kill an element of it, the elements you don’t kill get that much stronger.""Ultimately, the strength of #Bitcoin comes from the fact that an individual can self-custody...in any of 200 different regulatory jurisdictions, find a jurisdiction where they will have the strongest money where they can generate the most yield and...move to that jurisdiction.""#Bitcoin's strength comes from the fact that it’s being developed—it’s not constrained by the lowest common denominator (the weak parts of the herd get culled out, they’re being deprived of their capital), it’s strengthened by the highest common denominator.""#Bitcoin is an antifragile but scalable platform serving as a store of value. The best possible circumstance would be if the entire world plunged into a war where value was dissipating in every currency everywhere at a rapid rate. And I think it describes what we have today.""Insanely great technology is when it does a thing without you doing a thing. And so if I told you: Take all your money, put it into #Bitcoin, and then you’ll be rich and happy and prosperous for all of eternity without doing a single transaction—I just need it to always work.""If I can channel my energy and put it into a network and that network can be used to fund and power an endowment that will [project my values], then that #Bitcoin network...is going to be my mechanism for achieving all of my hopes and aspirations from now to eternity.""#Bitcoin is the universal language of economic truth. I think it will evolve as a unit of monetary energy. The right way to think of it is as just a standard unit of economic energy or monetary energy. An immutable, self-sovereign unit of economic energy.""I’m probably not going to sacrifice my life for the 13th iteration on smart contracts. On the other hand, if you tell me that we’re about to suck all of the economic energy out of the civilization and plunge ourselves into the Dark Ages—that’s worth fighting for.""I’ve never seen an economist say, Why don’t we actually define the things that a working 22-year old is going to want to buy by the time they’re 32? And here’s one thing: early retirement! I want to buy early retirement by the time I’m 32. How do I do that?""The pernicious mistake everybody makes is: they don’t really think about the energy density and information density of their products, services, and assets. They’re not applying conservation of energy.""When you’re young, you overestimate the value of functionality and acquisition, you underestimate how expensive it’s going to be to maintain things, and then you really underestimate this last issue: can you enjoy it?""The great challenge is this paradox of the engineer versus the zookeeper: we see nature, we want to engineer a better world for ourselves, and it can be done. But we can also reach too far and try too hard and try to make water flow uphill and try to make time flow backwards.""Satoshi engineered money. Whereas every government has created money.""The greater the sharing, the greater the economy. The more immutable, the higher integrity. The higher the efficiency of the economy, the more [mathematically] correct. The more effective the economy—the faster the network updates—the faster the economy.""Gold fails [as money] primarily because there’s no good application protocol. It’s not conservative, it’s too difficult, too slow, too dangerous."Source material:The Saylor Series | Episode 1 | The Rise of Man through The Stone and Iron AgesThe Saylor Series | Episode 2 | The Rise of Man through the Dark and Steel AgesThe Saylor Series | Episode 3 | Technology Themes through History — Harder, Smarter, Faster, StrongerThe Saylor Series | Episode 4 | Bitcoin: The First Digital Monetary Energy NetworkThe Saylor Series | Episode 5 | Channeling Monetary Energy Across Time and SpaceThe Saylor Series | Episode 6 | Digital Gold: Harder, Smarter, Stronger, and FasterThe Saylor Series | Episode 7 | The Virtues of Strong MoneyThe Saylor Series | Episode 8 | Bitcoin and Immortal SovereigntyThe Saylor Series | Episode 9 | Economics, Inflation, Interest Rates, and Natural CompetitionThe Saylor Series | Episode 10 | The Death of GoldThe Saylor Series | Episode 11 | The Failures of Fiat via /r/Bitcoin https://bit.ly/3Gy8M1D

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