AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
4min chapter
BTC117: Bitcoin and the Start of the Information Era w/ Luke Broyles (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
The Cost of Candlelight Going Down
As technology progresses and prosperity becomes cheaper for the average person, this causes empires to gain an upper hand one over the other. A nation that has been prosperous for so long, decades or even centuries, eventually what happens is that they don't like that growth is not going as fast as it used to. They begin to borrow and borrow and borrow to make it look like the growth is continuing. And when you do that on a societal level, eventually you begin to curtail innovation and you actually weaken it. So that's the basic idea of the boom cycle here. The duration at which a reserve currency last become shorter and shorter over time.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode