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AI Reset: "Life As We Know It Will Be Gone In 5 Years" - Upcoming Utopia vs Dystopia | Salim Ismail PT 2
Tom Bilyeu's Impact Theory
Debt-based System and Deflationary Technology
The global monetary system has a concerning issue where every dollar increase in global GDP over the last 50 years has been linked to a $4 increase in global debt. The shift from the gold standard to a debt-based system coincided with the rise of deflationary technology, causing challenges in sustaining economic growth without deflationary pressures. As a result, excessive money printing during the pandemic led to a 40% increase in US dollar supply, inevitably causing a corresponding surge in prices. The integration of decentralization, security, and scalability is a crucial aspect in the crypto space, with Bitcoin successfully achieving the first two elements and recent developments like the Lightning Network addressing all three aspects effectively.
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