Chapter
The Future of Bitcoin and Layered Solutions
2:13:40 - 2:21:16 (07:35)
Exploring the benefits of implementing complexity, compliance, and customer service on layered solutions rather than on layer one for Bitcoin's scalability and security. With the big picture in mind, the goal is to serve billions with mobile phones and millions of companies handling billions of transactions an hour.
Clips
Fidelity's custodian for cryptocurrency prevents the removal of stocks, bonds, sovereign debt, and mutual funds.
2:13:40 - 2:16:21 (02:41)
Summary
Fidelity's custodian for cryptocurrency prevents the removal of stocks, bonds, sovereign debt, and mutual funds. However, users want the ability to withdraw their Bitcoins through layer threes.
ChapterThe Future of Bitcoin and Layered Solutions
Episode#276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money
PodcastLex Fridman Podcast
The layered architecture of blockchain emphasizes the importance of allowing for the implementation of complexity, compliance, and customer service while maintaining security, incorruptibility, and immortality.
2:16:21 - 2:18:54 (02:32)
Summary
The layered architecture of blockchain emphasizes the importance of allowing for the implementation of complexity, compliance, and customer service while maintaining security, incorruptibility, and immortality. By following a layered approach, the free market can determine which companies and nation-states will succeed in the industry.
ChapterThe Future of Bitcoin and Layered Solutions
Episode#276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money
PodcastLex Fridman Podcast
Lightning layer two can move assets across custodians faster, cheaper, and with less friction than traditional methods.
2:18:54 - 2:21:16 (02:22)
Summary
Lightning layer two can move assets across custodians faster, cheaper, and with less friction than traditional methods. It's a powerful tool in the world of billions of transactions and complex compliance laws.