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

“A whole bunch of these people who believe it's capitalism, free market, and everything else, and it's those people's fault that did that. And they believe it. And so can you imagine a dictator stepping in to ignite that? And I can. And so if you keep running this system, the worry, it turns pretty dystopian pretty fast. And with technology, it just gets more and more and more so. For a quick look. So people will look at the Boston Robotics 10 years ago. And if you looked at that 10 years ago, you would have never predicted what it is today. So just look at the videos 10 years ago versus today and see what that's done. But then they'll have an anchor in their mind about the robot dog and backflipping humanoid. And they'll think, oh, that's what it'll look like 10 years from now. It won't look anything like that. The rate of this product”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“It is a distortion of markets that impose that and it hurts those people for those people most left out. When I said we don't understand how much our own minds will change and how much we'll, when I saw a question that was answered, people talk about what happened in Germany and everything else. I don't think about Hitler specifically when I think about Germany. I think about the millions of people that changed their mind and said that was okay to do to other people or didn't stand up and say that's wrong. And then I think we're the same meat sacks today. So if that could happen to people before and we think that it couldn't happen to us, then very few people can stand up to that type of pressure. So you have that type of pressure that's being imposed on society out of this inflationary policy. You're creating...”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Renning and prices of the rents are going up, prices of food are going up, and everything else. And a lot of those people believe that it's capitalism that's created that free market that's created that. And that's actually why we have to be careful when I say this. We have to understand other people's what they might go through and to come to that belief because it's a complete opposite of capitalism or free market that is imposed.”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, so it might happen faster. When you say hyperBitcoinization, it's the rail, it's a second, it's the second layer that it could operate at as a currency. It's going to be important because when things collapse violently, you need something to move to.”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Change, everything else changes around them. They don't change their minds don't change. And so what's happening right now is Bitcoin's doing that and changing minds and moving more people. And hopefully that happens at a rate that you can have that bridge.”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Are in early have more of the opportunity. And of course, just like the people that were in early in Amazon, if you held it at $5 and went all the way up instead of selling along the way, you have way more of the opportunity because it's a network transfer from one system to another. But those bridges or link need to be, which is happening. And what gives me hope on that is this speed at which it's happening and innovation moving now to the Bitcoin rails and what's happening there in that ecosystem. Companies, countries in the ecosystem, people are starting to build to it. And so that accelerates. And a lot of people do, but most people, is they predict the present forward. They don't predict the future. They predict they won't.”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Amazon starts in 99, we're starting 95, I guess, 96. Amazon starts in 95s and it's just Looks. In 2000, all retail stores collapsed. Just imagine they all collapse. And Amazon doesn't sell very many things yet. Where would you get your groceries? Where would you get everything else? So if you think about that lens, today we're living in this system, measuring the system. Bitcoin is emerging and it's merging really quickly. Everything else that's going to happen still to come. But if it happened right now, that network transfer hasn't happened enough that you could kind of build a bridge to the other side. What's happening? I'm super excited about with layer two, with everything else, is, and you're building the bridge to the other side. And yes, the people that...”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Tries to compete against the company, and that separate lab is typically then super secretive because if anybody knows in the existing company that it's a network transfer to the new company, that the new company gets killed before because there's so much inertia in the existing company. So a good example of this would be Apple and the iPhone. I have to run the existing company. Will I take out what the company is moving to and do a separate secret facility to be able to run that Steve Jobs was great at that? And then as that transitions, it moves everything to the new company. So it allows you to run one while you move the vision forward. Central banks can't do that this really difficult for central banks, especially globally interconnected central banks. It's really difficult. But what this would look like, or another example, imagine”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“If I send the top stack, that's probably. But now think about that system today, and now we'll go into the other side and Bitcoin accelerates today. Tomorrow, currencies collapse, Bitcoin accelerates, and everything else and Bitcoin's top. There would be no food on the shelves. There would be societal breakdown completely. And you would have dictators emerge into that in a different capacity might not be good for Bitcoin. In the end, I don't think anything would change it. It sure wouldn't be good for people. So I like to think about Bitcoin here, and this is why through company lens, I like to think about it like this. What really smart companies do, and it's super rare, the really great monopolies do, is they transition themselves so that they know they can't transition themselves from the inside. So they set up a separate lab.”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Without Bitcoin in the picture. Actually, or if Bitcoin didn't win. Now it's going to win. I think it's inevitable. But if Bitcoin didn't win and why there would be a whole bunch of, if I was that person and I wanted that, then I would try to create a whole bunch of misinformation as well. And even if I didn't, I might not even know how bad that took us. I might just be reacting to a system and trying to make sure that the system didn't collapse because I feared the system collapse would be worse. That's where that system takes us. And that's a very dystopian world that doesn't have a high probability of happening, but nonetheless, it doesn't have a zero probability of happening. And that's probably my biggest reason for Bitcoin. Besides truth, honestly, fair rules, everything else, but that's probably the”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Think Navalny and Russia, you get persecuted. And so now think of who should have power, who should have domain over everybody with AI, and would that person change their mind? So if you think about that path, that's where the existing system takes us. If you believe that we should live in a world that you manipulate latter.”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“So it's way more complicated. We'll get into that. So it's that and a whole bunch. So just think about the incongruence in our own thinking. In one sense, we want our housing to go up forever. We believe our housing will go up forever and we leave our housing. We don't want that to go down. But it's only gone up over the last 20 years because we've stimulated economies by 185 trillion dollars. And we know it'll fall precipitously if that stimuli list doesn't keep coming. We know if stimulus does keep coming, then it ends in concentration of all power in very few hands and regulatory capture. That's what U.S. looks like, China. And you have, and when I say very few hands, imagine where technology takes us with artificial intelligence and what people will do to stand up to dictatorship today. Very few people will stand up to that because if you stand up to it, you get killed.”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Raising or that more misinformation creates more misinformation and havoc everywhere in the world. And it is the, for a long time, it's been the central thing driving just what every other conversation that nobody's talking about.”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“The rich. There's less and less people at the top and more and more people at the bottom. You can see what ends up happening to society as a result of that. Now, the biggest part is, and I think this is where the book predicted this future, the biggest part was most of the deflation is in front of us. And when I talk about deflation in that case, I'm talking about a system change to a different world, what Bitcoin would allow us to do. Most of the inflation deflation is in front of us. And it's a good thing for humanity. It's a terrible thing for our existing monetary system. So what can we expect just because those trends are moving in opposite directions? And each one is reinforcing the other. We can expect way more easily. We can expect it has to offset.”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Those things that you're doing, and just think about any business, anything that's doing this is actually imposing more deflation because everything moving to a digital infrastructure, which is imposing, now that might not come tomorrow, it might come later on, but you're imposing and you're printing more money to impose more deflation. So you're trying to push prices up. Remember when I talked about, and I've talked about this many times, but I don't know if it's specifically in my book when I predicted looking back over the last 20 years, we've had 185 trillion dollars of stimulus to grow the economy, $46 trillion. That's looking backwards on technology. That's to offset what we've been talking about for the last 20 years, essentially push pushing prices up. Where has that money gone to? Education, housing prices, all of the created distortions. And essentially Robinhood and reverse. You steal from the middle class and poor and give to them.”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“And there's a time lag there, and then what ends up happening. One thing is if you think about systems, what ends up happening is systems that you centralize get more and more unstable. So you sacrifice for a long time and you keep doing it. And if you try to take out the kind of changes in that and you keep on centralizing, they get more unstable. So if you think about this in supply chains for chips, for example, you're exactly right. But what do you think will happen as a result of this is people now know there's risk and because of the price rising and the shortage, you're going to have a whole bunch of more localized manufactured decentralization of that so you avoid that risk with technology again you're able to do that. There's for sure impacts in the short term before and some of these”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Food boards, you have technology that's lowering the cost of food in real time, that's being allowed to be able to localize that food, give more for less. So you're driving, and that more for less is deflation.”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Exactly. It's a network of fact that you could look at every one of us as almost a node in the system that makes it some of us actual nodes in the system. But as a node in the system, making the entire thing stronger, it's really hard to stop. So when you think about supply chain issues and all of this, these are tiny, they're not tiny, but they're predictable patterns out of manipulating money that are bound to accelerate. Which they will. So then governments will contrive to control food, regulatory capture, or different things to be able to lower the cost of food or to make sure that they're not at risk of supply chains. So you just have a breaking of all the rules all over the world. And at the same time, and I'm on some technology,”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“On society. So through financial profession, they essentially hold you in the country, all your assets in the country, reprice it, everything else. That's not able to happen today. And so the more that this with social media and more voices on the Internet, there's more people. The signal is showing through that noise. So as you create more misinformation, it's just driving clarity to the signal. Voices like you, me, many others that have been preaching this for a long time, what's happening. And that's actually what's happening with Bitcoin is it's more of an emergena and every single person for every single voice that joins and understands what's happening. Once you see it, you can't unsee it. And so that emergent phenomenon is getting stronger and stronger and stronger.”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“I try not to, so all of these, I look at it pretty simply, when you have misinformation and money. So you essentially have theft of a base layer of money or misinformation and money that must create misinformation in money because it's not the free market. It's the opposite of the free market. Then as a byproduct of that, you must have greater misinformation everywhere. And that control of that message, that control of that misinformation, central banks are losing control of that narrative. Because what's happening is the more that that happens, they're never used to be an escape valve. So if you look at gold, when that used to happen, they could impose financial repression by grabbing all the gold because it needed to be centralized and forcing that inflation, which is a destruction of your time we're saving.”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Around them, their GDP housing prices, food prices, everything else, their wages, they can't even see that they're stuck into a system. Everything's just reinforcing that system. So system changes never come from the inside. The system doesn't change itself from the inside. It's imposed from the outside. That's what technology does. It lowers the cost so dramatically or changes the narrative so dramatically that people adopt a new system. That's what's happening through the lens of Bitcoin today.”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Great human tragedy at what's happening. The problem is there's no way out of the existing system. And when we talk about the inflation deflation debate and everything else, I think what's lost on people is the inflation debate is a non-free market debate. The free market is period. And everybody that's talking about inflation is really saying, well, we're going to have to inflation to right because there's no other way to save the system. If central banks stop printing, they have to accelerate. They have to do more over time. But if they stop or slow, you're going to tip into deflationary spiral. So those are some pretty big macro trends. They're fighting each other. And what ends up happening is most people measure the system by the system because the system is responsible for everything.”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Obviously, can't tell the daily movements what's going to happen there. Actually, I remember you saying at that time this is going to run into the new year. I think your prediction on what it would be in price point was right on the money at that time. If you talk about the big macro struggle or the big forces, which were kind of predicted in my book and predicted out of this, is you have technology that's trying to drive prices down, moving exponentially, and you have monetary easing or inflation or central banking trying to stop that from happening because if that happens, the entire system resets through a deflationary spiral. And so through that lens of those two giant forces, one trying to save our time, one trying to make everything price more and waste our time, you see the”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, it's not going to stop. For the people that have seen this for a long time, you being one of those people, you can kind of see what's happening. I think it's just bringing more attention to the space over and over. All of the existing system failing is bringing more attention to what's really going on. That's driving this.”
2021-11-17 · We Study Billionaires · BTC052: A Hyper-Bitcoinized World w/ Jeff Booth (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT