Closing the Loop cover image

#32 - Jeff Booth: Bitcoin is the Answer to a Broken System

Closing the Loop

CHAPTER

The Productivity Gains of Technology Are Increasing the Rate of Computing

Despite the theft, people are still able to buy a 50-inch TV for maybe less than it was 10 or 20 years ago. The productivity gains of technology have been so profound that even if you take 90% of the productivity gain from that, they're still getting a 10% gain. That is exactly what's happening. Those productivity gains, which are increasing the rate of compute, are being extracted at an incredible rate through first increasing debt, increasing debt. Then that can't be paid back.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner