YouSaid · the spoken record

Jeff Booth

lines on the record: 74
first: 2021-11-17
most recent: 2021-11-17
sittings or episodes: 1
sources: podcast

Every line below is reproduced as it was said and linked to the record it came from. Nothing here is summarised or generated. Directory · Search · Corrections

“Price of moral wide deflation is key to an abundant future. And it's really, we're in a system of change. And most people can't see we're in a system change because they're in the system and unable to see this. So it's just an important context to what's going on. But Preston, one of the beautiful things about this Bitcoin community is all of the great minds that you get to meet through this. When I started the journey on the book, I had to say something. I had to because something wasn't being, this wasn't being set. I didn't know how much my learning would accelerate as far as writing when I ended the book. And that learning accelerated from people like you, from people in this community. So thank you to you two and just incredible friends, incredible relationships that have evolved through this. What a ride. What time”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Going to be crazy, it's staggering. There is so much, and I saw a couple of the questions where is the opportunity? I can't keep up with the opportunity. The opportunity we're reimagining what the world looks like. And the people who can imagine what that looks like and use technology to give more value to other people, have a front seat at the table. That's what an entrepreneur does. And that's what technology does. Today, the tools to be able to deliver more value to society are staggering and it's everywhere as a system that looked one way is changing into a new system. So there's tons of opportunity.”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“So it's amazing though, right now, think about what you're doing, and I don't have lightning holds set up yet. I'm going to pick your brain on how to do that. But think of what you're doing in this, and this is something I try to teach my kids and stuff. If you want to learn where the market's going, learn Bitcoin, learn Lightning, learn Tapper, learn what's happening here because the innovation that's coming on top of this”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“And that's exactly what had happened. And so the price will move up on some of those channels, and the price will move down on some of the other, or the interest rate move down on some of the others or up if the free market demands it, their real risk-free rate will be shown all over in the market.”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“But that's exactly. I think that's exactly what happened. Will it change on the other? So it might slow down even the innovations for a little bit, but it won't change it at all on the other side because people will say, wait, that's a great idea. And some of those ideas are great and they could create incredible returns. And what the ideas are great are the ideas that essentially destroy monopolies by using technology to lower the barrier cost to everybody else. In fact, if you look at Bitcoin through that lens and the monopoly being the monopoly on money, and now you've, and that monopoly on money costs a whole bunch of friction costs to make it work, that's all Bitcoin is. It's a technology, an open, decentralized network that lowers that friction cost dramatically. And as a result, the people that are most locked out of the existing system start using”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Where they attack the industries that have the highest opportunity for margin capture. What you'd see is all of the industries that were left out of some of that would be attack ferociously by entrepreneurs trying to give more value to society because the market incentives force you there. Or did it be because you can make more money by doing that?”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, I think what ends up happening is over time anyways, in the transition phase, this is why it's so complicated, because there's so much noise in the market as one system dies and another system moves on. But as prices fell throughout, just think about kind of what the world will look like on the other side and prices are cheaper and cheaper and cheaper everywhere. And there's less jobs as well because more AI and more rural products happening through automation. Where would the best entrepreneurs go? Would they go to, would they attack industries that have low returns of them?”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“And now connect to that to a different again, because this system change changes so much on equity markets as well. A lot of those equities won't yield them. There will be a race. Prices will keep coming down and the market will shift”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Exactly. You can't create a full bunch of different contracts on top of us and everything else is the same thing, which puts that”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Because Bitcoin does layer two, is it allows for the velocity and money to happen without the centralized control of that credit-based system? So you can have a massive velocity of market if the money, if the market demands that.”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“It will never happen. So, we want to believe in this system. We want to believe in Santa Claus, in this system, which is based on a mirage. But because that belief pattern takes hold, people keep voting for it. They keep voting for it without even a question. And it doesn't matter what side of the aisle you are, it's the same quota because both sides require more printing to be able to run the entire thing.”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Either way, like no matter what, on top of that system, you don't get the truth and You can't because nobody's going to come out and say, I'm going to make this right and cause inflationary collapse, which would be the free market. Never.”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“So, you get elected by telling people that I can give you more than I can spend. And then you hide that how much you're spending in inflation, which picks the pocket of the middle class and poor to give to the rich and expands government at the same time.”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“You pull on that string too though, why it's so easy to believe and why it fools so many people in a population, we all want, not maybe this different on Bitcoiner specifically, but most of the population wants to believe they can get more today than they can actually get.”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“And then you have a you have a credit based market that sits on top and essentially nothing on the bottom. Yeah. And then you must have inflation to be able to make that work. And it just gets away on itself.”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“A higher rate. Yeah, that would happen. You just, the debt markets would not look in because their entire system today is the debt market. It's a credit market. We look anything like that. When people think, and remember, on gold, you had to have a layer two techniques, which kind of turns into this credit architect. And why I think inflation is so easy for us to believe that we believe?”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Then we totally agree. So in that case, and would somebody give debt to that founder and they would price kind of what is the return on that? Higher”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Let me give you a better example. So let's imagine that I have 100,000 Bitcoin and I can lever that and I can keep levering that as much as I want. And other people don't. Very few other people have that access. Might I as well buy up more mining capacity with that scale?”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Not zero So, and I think that's actually important too, because if you created a giant market, a debt market on top of Bitcoin, all you would trade is these leaders for new leaders, and nobody would ever transact in Bitcoin, and you'd have a system built on top of it which forced prices higher and higher and higher. And yes, it would produce a, if there was this counterparty risk, it would unwind. But I suspect if you kept doing that to a great extent, you wouldn't get the transition I'm talking about.”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“NFTs. That's exactly what it's doing because everyone is trying to escape a system that they know has terrible consequences. And so it forces that on society. And as it forces it on society, there's tons of winners and losers. And you lose all semblance of what is money in the first place. It's just a trait of our time. And so if you manipulate money, you manipulate our time. So yeah, this whole thing has such dramatic consequences for the world we live in and the world we're moving to. And that's why Bitcoin's potentially, and I said this a long time ago, the CNBC crew took it out of me for it. But I think it's humanity's greatest invention, at least today. I think if we look back in time, it'll look like that.”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Exactly, and independent and removes individual rights and freedoms through that same thing. It's kind of modern-day slavery for a job that you can never escape the system.”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“You could never know over time, and hopefully that's a positive impact over time. Now this monopoly analogy going into it, but what I liked about what I really liked about your version was you said, first I give you $200 when you go around the board, and then the prices go up and everybody keeps the assets, and the assets keep rising, and then you can't get around the board, and then they give you $400 and that you can't credit around the board, so they give you 600. That isn't the way to solve this. This is the problem. That just concentrates wealth and control in a very few hands faster. And it pushes what we've talked about a lot pushes essentially slavery.”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“That's actually why this is, but you're so what ends up happening? We don't know a lot of times what we're something coming in our mind. And somebody will say something and we'll sleep on it. We don't even know where we heard it. Comes in and comes. And all of a sudden, it's now in our consciousness and we put a slight tweak to that. And we think we came up with the idea. We don't know where we So that's actually why you don't. And the good thing about that is when you do what we do, you don't even know how much impact you have on other people.”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“I actually don't care one iota and need to be my stuff for everybody to know that's listening this if it helps bring more people to understanding steal it yes i don't care”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, you're a monopoly analogy. My monopoly analogy from four, those are exactly no, no, no. I'm just saying that, but you actually did a really good job on yours.”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“And but that value investor lens gives you a really like why are people making this choice? Because it seems like they think they're being responsible fiduciary and everything else. And from a, but they're actually incurring more risk.”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Everything's just manipulated. The entire thing, the entire stack is manipulated and that manipulation is creating a whole bunch of damage. And I came in it through a different lens. I came in it through technologies moving this way. This is why everything's manipulated. Because it must be to save the system.”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“And the beautiful thing about that lens is a value investor, you're looking for those mispricing opportunities and that real value in taking advantage of that. And I think what happened with you is you realize everything's mispriced.”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“The interesting thing pressed with you because you came at this through a different lens, you came at it as a value investment.”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Why do I want to live in that world? I'm going to come over here, I'm going to measure my world in Bitcoin and see the truth and see what's happening.”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“So, everything. And that's why it's so hard for people to see because they're living in a world that's really a make-believe world. Of who gets to press the button and how much money and how much button pressing do I do to destroy people's time? Press a button, destroy 40 years of labor or time, because all money is as a trade of our time. And so it's all on a make believe world that you can hold down interest rates forever and we can have as much money as we want. That's kind of the, and I've said it probably on your show before too, but you either have abundance and money and scarcity everywhere else or scarcity in money and abundance everywhere else. That's the choice. So your question is really a dependent question. How long can the Mirage keep going up? And there's a whole bunch of people that believe it'll go on for a long time.”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“So we've already talked about it through a different lens, the bond market and the equity market is just a smaller version. So you're exactly right. If you believe that this system is going to keep going on forever, then some of those technology companies will still do really well forever. And so will some of the resource.”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Accelerated and it will accelerate more. So that's just the hard reality. And that's why you need a system change from a new system.”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“We had eight letters of credit in my former company letters of credit all over the world and trade going on with containers all over the world. And other banks wouldn't accept our money, wouldn't accept our LC. Why? Because I thought our bank was consolvent too. So trade for four days stopped. Nothing. We couldn't figure it out. And so when we talk about how interconnected this system is, if U.S. didn't come in there, the thing would have bloded at that time. But that coming in there creates a bigger problem for capitalism itself because then it turns into crony capitalism and it doesn't allow the natural clearing of cycles and it enriches all the people who create who labor up and create the problem at the expense of the people at the bottom. But where we are in the cycle, it's just”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, and thanks for doing that, Preston, because I think a lot of people don't realize that. And that function is what requires you to grow forever. Because if you have contraction, which deflation would happen, that counterparty risk happens overnight. And it keeps high and it unwinds. So a whole bunch of people that defend the monetary system today, what they're defending is a credit-based system that must grow forever through inflation. It cannot be congruent with where technology is taking us. That system cannot work with. So what ends up happening is that system must concentrate all control as a byproduct to fighting the free market. And that becomes a system change. A very real example, I knew that the US was going to bail out the financial system in 2008, even though it created, even though it broke the free market rules, capitalism, everything else. But I knew that was going to happen. We had at the time tens of millions of dollars in the bank.”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Happen. That's what would happen because it would keep on unwinding. In that event, for a while, US dollar would hit really strong because people would hoard it. And Bitcoin might fall for some time because what would happen in that event is people would sell whatever they had to be able to sell their best assets because they'd have to sell something to get money. So in that event, in that type of collapse, you could expect a short-term correction in Bitcoin.”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“We go to war, we reset a currency through war resets currency starts over again. So my hope is Bitcoin allows that not to happen. If you had, let's just use the example before. If you have deflation, if you allowed that to happen if governments didn't keep printing and you started to have deflation, then you would have a credit unwind and just everything would keep unwinding. And governments would be forced to come in and essentially nationalize their banks, save their banks and everything else. Otherwise, you would have what is happening in Lebanon right now. Banks would close. People couldn't get their money. You can get to, and what would your housing look like in that environment? What would your price of your housing be? What would this street look like? What would it look like walking down the street? Imagine that castastrophe in what that could look like. But if you allowed deflation”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“An analogy first in unstable markets, we know there's greater and greater, we're building more and greater instability in a market all over the place. And everybody's looking for which snowflake is going to cause the avalanche. And measuring the snowflakes doesn't much matter. The avalanche is coming and it could come in a number of different ways. My hope is the avalanche comes in a position that Bitcoin is further enough along that you can transition. So before it takes the entire system down. Normally the taking the system down happens through when I said we change our minds. We elect leaders who will be dictators and then we change our minds to follow those. We change our minds following them right into war. And that's how the change normally comes. We get controlled through that. It's somebody else's”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, because governments have to step in. Why? Pretty easily to see. That whole mirage of growth forever is just manipulated money. But the worst part about that, that manipulated money isn't actually money sitting in the bank account. It's just a credit-based system. And so if you let all that manipulation of money, that credit-based system that's expanded way out of touch contract, the whole thing resets. And that counterparty risk that contagion goes across the world and you have a reset through a different type of reset. So through that lens, you can see for sure all across the globe, there's going to be more print and more yield control.”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“So they have to, and they have to do yield control, and they have to do more easing, and they have to, so anything that they say. The free markets say, and the free market can't push up rates because”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“I can't imagine what his portfolio looks like in general when you know when I said regulatory capture as the government goes after some of the tech companies and changes because they have to there is no free market you're in a manipulated market and so now Raya has a whole bunch of his investor al-Qaeda Capital and everything else in a market that his voice needs to be pro-system right I can understand why it is Because Bitcoin unwinds a whole bunch of those trades. I do not get why he couldn't he wouldn't be more in even as a protection against what he's got on the risk on risk on the other side. But I do understand kind of bias that takes place when you're in a system, you measure the system from the system.”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Think that's nonsense. I think there are some things that we need to think about in the transition to the other side. If you had a whole bunch of Bitcoin on exchanges or if you had concentrated amounts of Bitcoin, I think that would be easier. But as a decentralized people holding their own keys, why that's so important, I think that's virtually impossible. And again, one of the things, and Race a Smart Guy, when you think about public figures who are trying to drive a different agenda, think about Ray investing in China. And when you're trying to even, when you have a fund that is that large and you're trying to outperform other markets and you're making big bets, I can't easy.”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“100% apparent over time, but you can't impose financial repression because then there's an escape valve in Bitcoin. That's what's happening. So before, in the world before, you could impose that, close your borders or whatever, or lock up all the gold, force that on society, and pay back the debt in cheaper dollars and start again. U.S. imposed that in the 30s, but at that time, U.S. was kind of the one and only kind of rising power, right at the time. And they had a bunch of gold to be able to do that. US looks different today. So they can't play that same trick. And there's Bitcoin. So, as more people realize what's happening, if you're on zero right now, if you're on zero allocation to Bitcoin and you're all in the existing system, I don't know what you're thinking.”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“By the way, we talked about this, whether we talked about it on your show a year and a half ago, or if it was afterwards, we talked about this very issue. And we said, and I remember that structure, they're all effectively going to zero. If you could impose financial repression, if you could, for the people that stay there, they're going to get killed.”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“So, more information gets people searching for the truth. And so you have this chaos today, what feels like chaos as one system is throwing everything against this because it needs to. And more people are finding it in their own way through. That's what you're saying in the price. Price is rising because of that emergent phenomenon and more people finding it and holding it.”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Again, that system must create more information. And as a result of the more information, must create more regulatory capture and more concentration of control. It's just a system problem. And whether you're in the system. And so one of the things that's probably most, I just tune them out. The people that essentially know it's a wrong, know it's that, and will advocate for the system anyways. So those people, it's just, okay, block or ignore. And I don't block very many people, but there's a couple there that I just, okay. But again, that's just, we have to expect that. We have to expect. And then the good news, the really good news, is the more you lie when the truth is out there, as long as you don't control all the airwaves, more people find the truth.”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Hey, you don't need to take anyone's advice. Everybody comes to Bitcoin in their own way, and you have brought more people on than through inviting me on, through inviting a whole bunch of other people.”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“You hear it a hundred times a hundred thousand times. You hear it over and over and over again. You just like, you can't be that dense. You cannot be that dense or you must check your bias or privilege or something. And I want to say it. I want to scream it. But I realize, okay, would I help the cause by doing it? And it can't hurt me. I just care more about the other people that it might impact. So I try to stay pretty level-headed on that whole conversation because I don't want to.”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“So it's people like you, it's people like me talking about a whole bunch of people in the Bitcoin community are trying to bring more people on because it's that important. And so it is knowledge. What gives me hope in this, and that's why I try to be, sometimes I have to check myself too, because when somebody says something just ignorant.”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Progress is staggering. And so when you think about these things, that rate of progress is job destroyable. If you think about where AI is going, where robots would do a whole bunch of stuff, miniaturize everything else, where it's job destroying. And if you try to artificially prop up jobs by printing money, you just concentrate all power in few hands. And so as the jobs get destroyed, the prices have to fall to match or it looks pretty, and again, this is unfortunately true. It's fortunately true because we're living in a transition that because of Bitcoin can get us to the other side.”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT