THE Bitcoin Podcast JEFF BOOTH: The Price of EVERYTHING (Bitcoin Talk on THE Bitcoin Podcast)
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Aug 16, 2024 
In this discussion, Jeff Booth, a renowned Bitcoin expert and advocate for new economic models, dives into the implications of inflation versus deflation in today's financial landscape. He argues that as traditional systems print more money, Bitcoin fundamentally redefines value. Booth emphasizes self-custody in managing Bitcoin and the importance of decentralization amidst rising concerns of centralization. He also touches on the evolving perception of home ownership and the critical role of open-source technology in creating a sustainable financial future.
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Free Market Deflation
- The free market's natural state is deflationary, meaning prices tend to fall.
- Historically, broken money and control systems have prevented a truly global free market.
Bitcoin's Impact
- Bitcoin, a decentralized protocol, imposes a free market where prices relative to it fall forever.
- We've always measured systems from within, hindering our ability to measure Bitcoin objectively.
Deflationary Mindset
- Most people assume rising prices are normal, lacking a mental model for deflation.
- A deflationary world, driven by competition and automation, would make everyone richer over time.