We Study Billionaires - The Investor’s Podcast Network BTC117: Bitcoin and the Start of the Information Era w/ Luke Broyles (Bitcoin Podcast)
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Feb 15, 2023 In this discussion, Luke Broyles, a prominent voice on Bitcoin, delves into its significance within the information era. He provides a historical perspective on monetary systems and the consequences of hyperinflation. Luke argues that we're at a pivotal moment, emphasizing the need for scarce digital currencies. The conversation explores the cycle of empires influenced by technology and discusses Bitcoin as a revolutionary alternative to traditional money, highlighting its resilience and role as a stable store of value.
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Eras of Monetary Technology
- Human society is defined by the technology and monetary technology of its era.
- The quality of money is limited by technological advancement.
Beginning of the Information Age
- We are at the beginning of the information age, not the middle.
- Widespread internet adoption is a key indicator, with many yet to use it.
Boom-Bust Cycles of Empires
- Technological change drives boom-bust cycles of empires.
- One nation innovates, becomes prosperous, then competitors produce cheaper.