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Question from Charles V Payne: You are at the forefront of the Bitcoin revolution and you put your money where your mouth is, I am going to ask you about that and how it is changing humanity, before that about MSTR?
Michael Saylor: Everybody in the world wants to be smarter. And our mission is to make the world more intelligent. So all our customers are looking to embed intelligence in to all of their applications, deliver to all their customers, deliver to all their employee. They want it smarter. They want it faster. They want to run it out of the cloud. And so the last two years has been really good for us. There is a surge in demand for intelligence everywhere.
Question from Charles V Payne: I feel this is going to be one of those decade long something that totally changes man kind in general.
Michael Saylor: Everybody expects to have their answers in their fingertip. To see it from their iPhone or tablet or in front of their computer it used to be I will get back to you on that, but now you are expected to know it real time. And, there is more information than ever. So, there is a real deep thirst for intelligence everywhere.
Question from Charles V Payne: What about this Metaverse? Will it coexist with this crypto revolution?
Michael Saylor: Bitcoin and the lightning layer of Bitcoin is critical to delivering cybersecurity to the metaverse and the social media in general. Right now we are beset with the challenge in the Metaverse and in the social media. The problem is span, denial of service attacks, scams, online hostility. The reason we have those problems is because we have no cost attached to attack someone online, because there is no skin in the game.
With Bitcoin you can wrap some money around your cyber persona and it is like putting a security deposit in cyberspace. There is fines, there is speed limit, there is stability. If you want to deliver safety and stability to the metaverse you are going to do it with digital property. Of course, the dominant digital property is Bitcoin.
Question: When we changed the nature and access to money obviously we are changing everything and earlier in the week, you reiterated something that has a really interesting proposition. It was a drawing on a piece of paper stating that every major asset carries a monetary premium that must be defended with human lives and that bitcoin could play a major role in changing all that. We had talked about ending wars; how would that happen?
Michael Saylor: If all of the money in the society is in the companies and in the land and gold, then that spoils a war, if you fight a war, you can take the companies, the land and the gold, but if the money in the society is a synthetic digital asset called Bitcoin, and if it is in cyberspace then it does not help you to conquer the country. You are not going to get the money.
So, the incentive when you have analog assets in the real world is violence, kill the other person and take their property, but the incentive when you have your money in cyberspace it is negotiation and peaceful resolution. It might be better to get half of your money than to kill you and get none of it. So, criminal behaviour does not work in cyberspace and nor does war. So, that is what is going on here with Bitcoin.
