Chapter
The Different Definitions of Money
1:56:18 - 2:06:46 (10:27)
The podcast discusses different definitions of money and how gold became money because of its relative scarcity.
Clips
Bitcoin's durability is reliant on its distributed format, making it virtually infinitely durable, similar to the distribution of the Bible.
1:56:18 - 1:57:25 (01:06)
Summary
Bitcoin's durability is reliant on its distributed format, making it virtually infinitely durable, similar to the distribution of the Bible. However, it relies on computing infrastructure which can also make it vulnerable.
ChapterThe Different Definitions of Money
Episode#176 – Robert Breedlove: Philosophy of Bitcoin from First Principles
PodcastLex Fridman Podcast
Michael Saylor discusses the security of Bitcoin, comparing it to gold, and how the transparency of the blockchain technology makes it easier to verify transactions and audit the total supply of Bitcoin.
1:57:25 - 1:59:25 (01:59)
Summary
Michael Saylor discusses the security of Bitcoin, comparing it to gold, and how the transparency of the blockchain technology makes it easier to verify transactions and audit the total supply of Bitcoin.
ChapterThe Different Definitions of Money
Episode#176 – Robert Breedlove: Philosophy of Bitcoin from First Principles
PodcastLex Fridman Podcast
The push for increased transaction throughput in Bitcoin was not just about buying coffee, but also about increasing the computing power necessary to run a full node, which could compromise decentralization.
1:59:25 - 2:02:06 (02:40)
Summary
The push for increased transaction throughput in Bitcoin was not just about buying coffee, but also about increasing the computing power necessary to run a full node, which could compromise decentralization.
ChapterThe Different Definitions of Money
Episode#176 – Robert Breedlove: Philosophy of Bitcoin from First Principles
PodcastLex Fridman Podcast
The benefits of using perfect information and the influence of money on the market.
2:02:06 - 2:06:46 (04:39)
Summary
The benefits of using perfect information and the influence of money on the market.