Saylor: Bitcoin Is A Fundamental Engineering Advancement For The Progression Of Humanity
He also advises against trading Bitcoin, and makes a case for doing good things in a very careful manner. In his words:
"Bitcoin Is A Fundamental Engineering Advancement That Underpins The Progression Of The Human Race."
Timestamps of the video:
0:40 Mission of Saylor.org – free education for everyone forever.
2:00 Middle class struggle to obtain higher education
3:05 Rationale of Online, Open, Free Education
6:19 Decomposing the Components of a College Education
6:50 Making Education Cheaper, Smarter, Stronger, Faster
9:20 Need to produce 1 billion Masters & PhDs
11:00 Solving the $500 Trillion problem with education technology
13:00 Gatekeepers as impediments to Education & Progress
14:00 Benefits of Education Simulations & Cultivating Genius
15:30 Plans for Saylor Academy
16:30 Surfing the Virtual Wave vs. the Mobile Wave – Benefits of Action
19:00 What is the Virtual Wave?
19:30 Impact on Education Industry – Dematerialization & Disruption
21:00 Zooming at the Speed of Light & Bending Time & Space
23:00 Productivity Explosion due to Omniscience & Acceleration
24:39 Meetings for Interrogation, Collaboration, & Negotiation
26:00 Renaissance of Home Schooling & path to Excellence
27:00 Irritation at Interactions IRL – In Real Life/Real Time
28:25 Trillions of hours of mediocre education & time wasted
30:30 Three Components of Education
33:00 Impact of Virtual Wave across Industries
33:40 Redefining the concept of Local – You speak my language in my time zone
36:00 Embracing the Virtual Wave & Bitcoin – Job of the CEO
38:39 Accelerating Rate of Adoption & Network Growth via Proof of Work
40:20 Engineering Credo & the Gift of Steel
42:20 Investing 20 years of work into Bitcoin – Investment Hash Function
44:00 Facebook of Money – The Investment Idea of the Month
46:00 The Fire of Bitcoin – Campfire to Bonfire to Forest Fire
48:00 Bitcoin Evangelism – Don’t trade Bitcoin
51:25 MicroStrategy Bitcoin Strategy & Plans
54:13 Bitcoin, Privacy & Market Opportunities
57:00 Store of Value is the Killer Use Case for Bitcoin
58:50 Payment Network Options -Don’t need crypto to buy a Pizza
1:01:00 Risks of Privacy Crypto Networks
1:03:30 Privacy Discounts & the Two Tier Market
1:08:00 Fear of Wealth Disclosure – Existing Bitcoin Privacy
1:10:25 We should do good things in a very careful fashion
1:11:00 Benefits of Network Diversity & Technology Partners
1:13:00 Make it Easy for the Warren Buffets & Casual Users
1:15:00 Inclusivity & Empathy with the Institutional Investor
1:17:30 Market Opportunities for Bitcoin Technology Partners
1:19:00 If you had one Orange Pill who would you give it to?
1:20:00 Would you ever sell Bitcoin?
1:21:20 Would you ever pay employees with Bitcoin?
1:24:00 Medium of Exchange is worth nothing to Bitcoin
1:26:15 Bitcoin is not a payment network, nor is it a currency, it’s a reserve asset.
1:28:00 Settlement transactions contribute to integrity & trust as deterrence
1:31:00 Will you ask your Employees to run their own node?
1:32:45 Inspired by Tahini & the Bitcoin Standard
1:33:00 The World’s First Digital Monetary Network – An Engineering Wonder
1:35:00 Like Steel, Bridges, Dams, Aqueducts, Electricity, Airplanes
The interview was published on November 13, 2020.