The "What is Money?" Show

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WiM014 - The Booth Series | Episode 4 | Software, Networks, and Society

Apr 27, 2021

01:14:09

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INSIGHT

Systemic Transition

The economy is transitioning from a legacy, failing system.
This system fights natural laws, technological innovation, and price deflation.

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INSIGHT

Interest Rate Suppression

If inflation rises, the bond market demands higher rates, but higher rates collapse the economy.
Central banks suppress rates, creating a game of chicken with unpredictable market effects.

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ADVICE

Market Volatility

Expect market choppiness and potential sell-offs.
View these as buying opportunities for Bitcoin and other undervalued assets.

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Is There a Phase Transition Between Systems?

01:42 • 5min

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Is the Fed Going to Come Back In?

06:26 • 3min

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Ignore the Error Correction

Is the Diil Age a Double Edged Sword?

13:10 • 2min

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Do You See It That Way or That or That?

14:41 • 5min

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The Immediacy, the Positive

19:52 • 3min

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Artificial Intelligence Is Getting Better and Better, Right?

23:08 • 2min

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Is the Picknuff Model Really a Force Raising Time Preference?

25:26 • 2min

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The Dark Side of the Digital Age

27:35 • 2min

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Decentralization or Centralization?

29:08 • 2min

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Y, I Need to Read Your Book

31:26 • 2min

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Is Privacy a Threat to the Network?

33:02 • 5min

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The Bitcoin Block Chain

37:49 • 2min

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Your Thoughts Become Your Habits

39:57 • 2min

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Why Do I Believe This?

41:39 • 2min

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Is Your Curiosity the Most Important Thing?

44:04 • 4min

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Is It Hard to Think Differently With Central Planning?

48:04 • 2min

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Growth in an Information System Is Going the Other Way

49:53 • 4min

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What Is the Growth in Space and Time?

53:42 • 2min

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Ike Ma, Humility Allows You to See What You Need to Say

55:33 • 2min

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Is Humility Increasingly Valuable?

58:03 • 2min

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I Love What You Just Said, Rike

01:00:13 • 2min

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Why Do You Own a Car?

01:02:22 • 5min

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Eliminate Parking Space in the Cities

01:07:42 • 4min

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Autonomous, Autonous Vehicles, Eliminating Idle Parking Space

01:12:01 • 2min

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Jeff Booth joins me for a multi-episode conversation covering the concepts laid out in his book "The Price of Tomorrow: Why Deflation is Key to an Abundant Future"

Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/

GUEST
Jeff's Twitter: https://twitter.com/JeffBooth
Jeff's Book: https://www.amazon.com/Price-Tomorrow-Deflation-Abundant-Future/dp/1999257405/ref=sr_1_2?keywords=the+price+of+tomorrow&qid=1574403883&sr=8-2

PODCAST
Podcast Website: https://whatismoneypodcast.com/
Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400
Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1
RSS Feed: https://feeds.simplecast.com/MLdpYXYI

OUTLINE
00:00:00 “What is Money?” Intro
00:00:05 NYDIG
00:01:22 Deflationary Shocks
00:06:24 Natural vs. Nominal Interest Rates
00:10:07 Interest Rate Suppression
00:11:09 Flight to Safety
00:13:40 Always Zoom Out
00:14:45 Aggregating Supply, Addicting Demand
00:18:30 PICNUF Framework
00:20:40 How to Train Kids to Play Piano
00:23:22 When It’s Free, You’re the Product
00:25:25 Algorithms Eating Sovereignty
00:29:47 Bundling vs. Unbundling
00:31:43 Breaking Data Monopolies?
00:34:07 Health Data Aggregation
00:35:26 Network Effects Matter
00:39:14 Bitcoin May Change Contract Law
00:40:24 Life Philosophy
00:45:18 Accept, Don’t Expect, Responsibility
00:50:05 The Beginner’s Mind Advantage
00:53:04 The Liberation of Information
00:56:22 “Strong Opinions, Weakly Held”
00:58:41 The Antiquation of Arrogance
01:02:22 Self-Driving Cars Driving Change
01:07:42 All Goods are Services
01:08:38 Entrepreneurs are Prognosticators
01:11:01 Less Things, More Utilization
01:14:01 End

SOCIAL
Twitter: https://twitter.com/Breedlove22
LinkedIn: https://www.linkedin.com/in/breedlove22/
Instagram: https://www.instagram.com/breedlove_22/
Medium: https://breedlove22.medium.com/
All My Current Work: https://linktr.ee/breedlove22

CONTRIBUTE
Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7
Patreon: https://www.patreon.com/user?u=32843101&fan_landing=true

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