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