The Tsunami Metaphor for Technological Change

Dr. Richard Petty brings a rare combination of rigorous economic scholarship, decades of pioneering AI research, policy advising, living in Greater China, and a fresh journey into Bitcoin, offering a uniquely futurist perspective on money, technology, and global competitiveness.

› https://cccw.hku.hk/team/petty-richard

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🕑 TIMESTAMPS

0:00 - Introduction & Guest Background

2:00 - Early Career & Academia

6:00 - Bitcoin Skepticism to Belief

12:00 - Industry Events & Epiphanies

16:00 - Traditional Mindset Challenges

20:00 - Bitcoin’s Impact Explained

25:00 - Curiosity & Open-Mindedness

30:00 - Bitcoin Fixing Finance

35:00 - Gold vs Bitcoin & Generational Shift

40:00 - AI & Bitcoin Synergy

45:00 - Rapid Tech Change

50:00 - Preparing for AI Changes

55:00 - Bitcoin as Economic Shield

59:59 - Value in an Abundant Future

ℹ️ EPISODE SUMMARY

Bram Kanstein and Dr. Richard Petty explore how Bitcoin and AI are transforming the global economy and redefining value, trust, and human work. Dr. Petty, an economist, futurist, and AI expert, shares his journey from skepticism to advocacy, explaining why curiosity and open-mindedness are essential to thrive in this new era. They discuss the economic implications of AI, how automation reshapes jobs and society, and why Bitcoin may become the foundation of a more transparent and resilient financial system. The conversation also dives into the challenges of regulation, the nature of value in an abundant world, and the mindset shifts needed to navigate rapid technological change.

Topics: Bitcoin, AI, digital economy, economic transformation, futurism, regulation, future of work, innovation, decentralized finance.

Keywords: Bitcoin, AI, digital economy, future of money, economic transformation, decentralization, automation, value, trust, curiosity, futurist insights.