Lyn Alden of Lyn Alden Investment Strategy and Jeff Booth, entrepreneur and author of The Price of Tomorrow held a lively discussion about technology as a deflationary force, long-term debt cycles, and Bitcoin as a solution to unpayable sovereign debt.
Why Bitcoin is Not a Ponzi Scheme
https://www.swanbitcoin.com/why-bitco...
The Fraying of the US Global Currency Reserve System
https://www.lynalden.com/fraying-petr...
7 Misconceptions about Bitcoin, and Where to Buy
https://www.lynalden.com/misconceptio...
The Greatest Game
https://medium.com/the-bitcoin-times/...
Lyn Alden's Website
https://www.lynalden.com/
Follow Lyn on Twitter: https://twitter.com/LynAldenContact
Jeff Booth's Website
https://www.jeffreybooth.com/
Follow Jeff on Twitter: https://twitter.com/JeffBooth
Summary:
00:00 Introduction
5:30 Break Down of the Dollar
8:30 History of the Dollar as the World Reserve Currency
16:30 Consequences of our Unstable World Monetary Policy
18:25 Triffin’s Dilemma
21:30 How Fiat Causes the Concentration of Wealth
26:30 The Effects of Time-Theft
32:00 Monopoly Money vs. Bitcoin
40:00 World Reaction to Bitcoin, Deflation, & Network Effects
47:00 Short Term Effects of a Potential “Unwinding”
56:00 Debunking FUD
56:30 “Bitcoin Is A Bubble”
1:02:00 “Bitcoin’s Intrinsic Value Is Zero”
1:03:00 “Bitcoin Isn’t Scalable”
1:05:00 “Bitcoin Wastes Energy”
1:07:30 “Bitcoin Is Too Volatile”
1:09:15 “Bitcoin Is A Ponzi Scheme”
1:13:00 “The Government Will Ban Bitcoin”
1:15:00 Closing Thoughts
1:20:00 SSL Sign-Off
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