Chapter
The Debate Over Creating Competitors to Bitcoin
2:29:42 - 2:40:46 (11:03)
The debate centers around whether to create applications on top of Bitcoin or try to create a competitor to it that may be considered as a security by the Bitcoin community, particularly when it comes to financing a new application idea through token issuance.
Clips
In this podcast episode, the speaker discusses how Bitcoin can be seen as hope due to its ability to provide an engineered monetary asset and a bank on a mobile phone which doesn't require trust in a government or counterparty.
2:29:42 - 2:33:15 (03:32)
Summary
In this podcast episode, the speaker discusses how Bitcoin can be seen as hope due to its ability to provide an engineered monetary asset and a bank on a mobile phone which doesn't require trust in a government or counterparty.
ChapterThe Debate Over Creating Competitors to Bitcoin
Episode#276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money
PodcastLex Fridman Podcast
The debate is focused on whether to create applications on top of Bitcoin or launch a competitor.
2:33:15 - 2:36:37 (03:21)
Summary
The debate is focused on whether to create applications on top of Bitcoin or launch a competitor. The common interpretation of Web3 involves creating a token along with the application to finance and build support for it.
ChapterThe Debate Over Creating Competitors to Bitcoin
Episode#276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money
PodcastLex Fridman Podcast
There is a fine line between trading a cryptocurrency as a commodity while knowing it is a security and committing an ethical violation punishable by the law.
2:36:37 - 2:40:46 (04:08)
Summary
There is a fine line between trading a cryptocurrency as a commodity while knowing it is a security and committing an ethical violation punishable by the law.