Understanding Inflation, Deflation, and Entrepreneurship | Bitcoin People EP 9: Jeff Booth
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About this episode
Tech entrepreneur and CEO of Ego Death Capital, Jeff Booth, discusses the drawbacks of inflation, Bitcoin's deflationary advantage, and how his values of integrity, curiosity, and empathy shape his business approach.
Book:
The Price of Tomorrow: Why Deflation Is the Key to an Abundant Future
SOCIAL
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TIMESTAMPS
0:00 Why inflation matters
3:23 Technology is deflationary
4:26 Credit based system
5:08 Money is information based on trust
5:20 When money breaks
6:50 Why deflation is seen as bad
8:00 Why deflation doesn't work in a credit based system
9:11 Inflation - theft of money & time
13:25 Climate change & carbon emissions
15:30 Solution to climate change
16:28 Why are energy prices so high today
17:42 The rise of the ponzi scheme of the credit based system
24:50 What is money?
29:33 Bitcoin fixes this - decentralised and secure
36:32 Are we mad?
40:00 Bitcoin adoption speed vs internet
45:27 Self-custody & Fedi https://www.fedi.xyz/52:45 Cycles - Bitcoin & The Fourth Turning
55:50 Expect the unexpected
56:36 Abundance of money vs scarcity of money
48:22 Human nature
1:00:00 Division of labour
1:06:00 Jeff's top 3 values
PODCAST
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We talk about the 'Bitcoin Community' but who in fact are these anonymous 200 million wallet owners across the planet? Are we actually a community with common values and ideals? Or are we a disparate group of people all here for our own selfish ends? What hopes and dreams do we each have pinned on it, if any? And how realistic are those dreams?
I set out to learn about the Bitcoin people I've met on Twitter and elsewhere, to put faces to names and learn about how everyday folk are thinking about and using Bitcoin.
Music: Mira by Black Rhomb – premiumbeats.com
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