how about this for Unique? People aren't very creative, but I think that when you, if you going to do technology, my advice is well, you want to read Science fiction, but you also want to read fantasy. Go back and read all the fantasy novels, that's the theme of the mobile wave, right? You know, when you read L, make Elric of manipulating a or you'd play Dungeons and Dragons and you combine that with everything that Heinlein Clark and Asimov wrote, and then you kind of have the best of all worlds. So what's an example of magic mirror? I'm staring at one right now. Right. We have a magic mirror brought to life by a zoom All right, like mirror isn't that kind of amazing, you know, when did that instantiate? Well, I mean, the entire world adopted, it March of 2020 before that it was like, you know, people are skeptical today. People aren't so. Skeptical, what about a magic car that drives itself forever? Okay, well, if I take a Tesla, And if I put a Bitcoin in the Tesla, what if I sell you a car with a Bitcoin embedded in the car, right? And now the natural yield on the Bitcoin. If I put 20,000 dollars a Bitcoin or let's say 50,000, I was a bit coin into a car that cost 50,000, maybe the car pays for its electricity in his maintenance forever. It's a Perpetual car
you saying the energy you're saying basically by learning through the Bitcoin is I mean yeah I like what I mean is what if I actually sold you a watch or sold, you a car that had money embedded in it? Let me give you a another idea. I give you a watch. I put enough Bitcoin in it that the watch generates the equivalent of a hundred thousand dollars a year increasing with the Bitcoin economy. It's a perpetual watch that makes you Rich Forever. You just have to wear it, you understand what I'm saying? I like that idea. Like if you're if you're if you're not creative you're like okay well I need a how do I make a car run forever. Well, I have to put a battery in the car that holds enough energy to make the car run for 100 years. Well, there is no such batter right batteries lose 2% of their energy and months at best, right? So the energy loss and a battery is 24 percent a year. R. The half-life of energy and battery is at best is three years, maybe one year. Okay, what's the half-life of energy in Bitcoin? Well, it's forever. You see? So if I put the energy, if I take the electricity that I would use the run, the car for 100 years, and I put it in the car. I'm going to lose it because of depreciation, but the depletion, but I take the same energy and I sell it to the grid, take the money by the Bitcoin, attach the Bitcoin to a chip in the Tesla. In the car, the car will run itself forever. Okay, I like where that this is. This is a product. Now, it's a kind of a bizarre idea, right? Energy embedded in a car that causes that makes the car self-charging for 100 years, right? Or at least for free. But you what if you applied it to a life insurance policy? All right, so you want to buy life insurance, you give me money and I invested in what? Bonds, that, he'll 3% interest and the face of eight percent inflation. That's a crappy life insurance policy. So what if you give me money and I invest the money in Bitcoin Right, what can I do with that? Well, I can either pay you 10 x as much money on the back end of the policy or I can cut that premium by a factor of 5. So so layer 5 is, is products with digital energy embedded in them and layer 6 is services with digital energy embedded in them. And like an insurance policy.
Michael Saylor's 'Magic Car' Idea: Embedding Bitcoin in a Tesla Would Enable Self-Charging
66: Michael Saylor on Bitcoins killer app, Ethereum, Web3 & inflation