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

Closing the Loop

CHAPTER

The Internet Is the Biggest Network Effect

Every single thing in the world is created by us, creating the world we live in. The same thing that takes down many monopolies in over time is a network effect produces each new user of the system creates more value for all the users. So as you saw today, a large chain store in South Africa just brought on lightning payments for all of their stores. That means now a whole bunch of people on Bitcoin can now buy different things inside South Africa at this store. And there's an incentive now for them to shop at that store instead of a different store. But it keeps on going forever because it remains decentralized and secure rather than creating massive monopolies that rent-sea on top of

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