E172: @Saylor: Why Hard Work Won't Make You Rich
Michael Saylor is the chairman of @Strategy - the world's largest corporate holder of Bitcoin with over 840,000 BTC and $65+ billion deployed. He bought his first Bitcoin in 2020 when the Fed cut rates to zero hasn't stopped since.
With WSH, I always want to go much deeper than the current narrative and thatโs exactly what we did here. We gradually moved past the surface and into the things that really shaped Michael. We talked about his childhood, growing up in a military family, buying domain names in the 1990s and flipping them for tens of millions, losing $6 billion of his net worth in a single day during the dot-com bubble, his great Apple bet in 2012, why working hard won't make you rich, why you should mortgage your house but probably not sell your kidney to buy BTC, why "THERE IS NO SECOND BEST", and a lot more. The conversation lasted more than two hours, much longer than originally planned, and it was just amazing. I hope you enjoy it as much as I did.
Timestamps:
00:00 - Intro
03:05 - Explain what you do to an Uber driver
05:35 - Advice for Rick, the struggling Uber driver
07:07 - Who is Michael Saylor?
11:02 - Sponsors @Trezor & @Bitwise
11:48 - Kevin's Business Intelligence Company
13:14 - Michael's childhood and chip on the shoulder
17:56 - Has Michael conquered the world yet?
19:49 - Just because you can, doesn't mean you should
28:23 - Sponsors @KASTxyz & @sumsub
30:02 - Low time preference and scarcity
43:50 - Buying and flipping domain names for tens of millions
55:11 - Bitcoin is a lifeboat
1:01:31 - Should you mortage your house to buy Bitcoin?
1:09:50 - The great $60B in Bitcoin bet: risks
1:15:32 - Sponsors @JupiterExchange , @ethena
1:16:16 - Sell the kidney if you must but keep the Bitcoin
1:20:14 - What's the endgame for Strategy?
1:28:16 - Where does Bitcoin price end?
1:29:36 - Where would Bitcoin price be without Michael Saylor?
1:31:06 - What is STRC?
1:35:34 - Should my mom put her life savings in STRC?
1:37:12 - How do you always invent new ways to buy more Bitcoin?
1:49:19 - From God to Madman every 6 months: handling insane volatility
1:51:49 - How Michael lost $6 Billion of his net worth in one single day in 2000 and then watched MSTR go down another 99%
1:59:09 - Why Michael doesn't have children
1:59:44 - Why working hard is the worst advice you can get
2:07:37 - Why THERE IS NO SECOND BEST, there is only one crypto asset
2:15:03 - Thanking Michael from the whole crypto industry
Dug deep into $ALPH Alephium and I'm honestly shocked more people aren't talking about it.
Been testing it on my Raspberry Pi - this thing processes 20k transactions per second. That's wild for a POW chain.
What really got me was the security. No flash loan drama, no wallet drains, none of that mess. Plus it's got native stablecoin support and actually gets more scarce over time.
You know what's crazy? It's doing all this with sharding that actually works. Not just promises - it's live right now.
Been in crypto since 2017 and this might be the most slept-on Layer 1 I've seen.
Big upgrade dropping soon too. Anyone else checking this out?
Feels like finding Ethereum back in 2016. For real.
This team doesnโt do token deals with KOLs. I had a call with them back in March for BD and technical Q&A after Jamieโs intro. If anything, their launch was a true example of how to fairly bring a project token to market and give equal opportunity to everyone who believed early. Jamie is one of the very few people with extreme integrity - someone I will always defend and support 100% ๐ซถ
Exciting to share that the Danube upgrade release for @Alephium testnet is out!
We've worked and tested hard on this upgrade - it's way bigger than I initially thought. You can find all the exciting changes here:
https://t.co/d886ON0oLn
Make sure to upgrade your testnet full node before the activation time: May 5, 2025, at 12:00 GMT.
Next up: mainnet launch! I will keep you all updated on the process, so follow along ๐
$OOGA Launchpad and Pool Seeding FDV: $30M FDV -> $10M FDV
Launchpad participants will receive additional tokens and the pool will be seeded at a $10M FDV, securing entries below the previous $25M VC round.