Layer One

Michael Saylor: Yeah. So the layer one is the foundation for the entire cyber-economy. And we don’t want it to move fast. What we want is immortal, incorruptible, indestructible. That’s what you want: integrity from the layer one.

So if I give you a million dollars and you want to hold it for a decade, you might go buy a house with it. And the house is low frequency money — you converted the million dollars of economic energy into a structure called a house. Maybe after a decade you might convert it back into energy — you might sell the house for currency, and it’ll be more worth more or less depending upon the monetary climate.

property is low frequency money.

Bitcoin is going to go up forever?

In terms of ethics, I want to make one more point: I might say to you Lex, I think Bitcoin is the best, most secure, most durable crypto-asset network in the world, is going to go up forever, and there’s nothing better in the world. I might be right, I might be wrong, but the point is: because it’s property, it’s ethical for me to say that. I