Finding Bitcoin Signal with Jeff Booth

Рет қаралды 48,910

Күн бұрын

SHOW NOTES:
www.whatbitcoindid.com/podcas...
Jeff Booth is the Author of The Price of Tomorrow and CEO/Chairman of Ego Death Capital. In this interview, we discuss how Bitcoin fundamentals (such as its approach to the blockchain trilemma, centring on truth, and its deflationary effects) run counter to current economic theories, making Bitcoin’s signal harder for some to find.
THIS EPISODE’S SPONSORS:
Gemini - www.gemini.com/
Wasabi- www.wasabiwallet.io/
Ledn - www.ledn.io/
Fidelity Investments - crypto.fidelitycareers.com/
Ledger - www.ledger.com/
Texas Blockchain Summit - www.texasblockchainsummit.org/
BCB Group - hubs.ly/Q011cb730
TIMESTAMPS:
00:00:00 Introduction
00:01:00 Inflation is theft
00:15:54 History of failed centralised systems
00:26:56 The Blockchain Trilemma
00:37:18 Decentralisation & security
00:43:58 Driving Bitcoin adoption: education or need?
00:53:24 The protocol layer enables a p2p internet
01:02:31 A society connected through base-layer truth
01:12:35 Unifying mission of Bitcoin
WHERE TO FIND THE SHOW:
→ My website: www.whatbitcoindid.com/podcast/
→ iTunes: apple.co/2OOlzVV
→ Spotify: spoti.fi/2ygc4W1
→ Stitcher: bit.ly/2IQO8fX
→ SoundCloud: bit.ly/2CGSVQR
→ KZfaq: bit.ly/3nyi9Ez
→ TuneIn: bit.ly/2ywystr
LISTEN TO OLD EPISODES:
→ By guest: www.whatbitcoindid.com/guests/
→ By topic: www.whatbitcoindid.com/topics/
→ Transcriptions: www.whatbitcoindid.com/transc...
SUPPORT THE SHOW:
→ www.whatbitcoindid.com/sponso...
→ Become a Patron: / whatbitcoindid
→ Subscribe on iTunes
→ Leave a review on iTunes
→ Share the show out with your friends and family on social media
→ Drop me a line on hello@whatbitcoindid.com
WHERE TO FOLLOW ME:
→ Twitter: / whatbitcoindid
→ Medium: / whatbitcoindid
→ Instagram: / whatbitcoindid
→ Facebook: / whatbitcoindid
→ KZfaq: / whatbitcoindidpodcast
→ Website: www.whatbitcoindid.com/
→ Email list: www.whatbitcoindid.com/subscr...
LEARN ABOUT BITCOIN:
→ Step by Step Guide: www.whatbitcoindid.com/learn-...
→ Training: www.whatbitcoindid.com/training/
→ Resources: www.whatbitcoindid.com/resour...
#Bitcoin #Finance #Economics
****

Пікірлер: 288

@unknownsoldier1627 Жыл бұрын

I see Jeff I click, then the endorphins roll in

@mstafford368 Жыл бұрын

Easy there, Soldier! 😂

@69spanks Жыл бұрын

Same

@richbirecki Жыл бұрын

Pretty much my sentiments as well

@bog6626 Жыл бұрын

wen endorphins roll in, you buy more BTC 😅

@travishaines7410 Жыл бұрын

Buy buy buy buy buy buy buy buy buy buy lol

@weepz Жыл бұрын

"You either come to the realization that central banking is at the root of many of society's ills, or you remain trapped in a loop of blaming the 'other side' while distracted by the 'current thing'."

@_ben_sisko Жыл бұрын

Every episode is like I'm going back to school again. But this time for an education that is actually worth it!

@TheRealDerekS Жыл бұрын

Jeff is a gem. Made me think of something I heard Vijay say a while back, "Information moves at the speed of light, but understanding does not." We are all nodes for the development of understanding. Love that Bedford hoodie w/ the Bitcoin B on it. I will be buying one. Go Bedford! (and SKOL Vikings!!)

@jingmu1289 Жыл бұрын

I felt like I had a knowledge feast after watching this episode. I am mentally very satisfied. Thank you!

@channelbitcoin21M Жыл бұрын

I’ve been saying this for years - Bitcoin is constantly gathering economic information. That’s why it appreciates in value, given it’s properties and parameters, over time. Bitcoin is a near-perfect substrate for economic information.

@pjromao2 Жыл бұрын

As usual and once again… Jeff’s brilliant & inspiring. Good job Peter all WBD team.

@adyscorpius2614 Жыл бұрын

I wish the title was better, cuz the content is mind blowing... Glad I watched it... Thank you for the interview..

@IntuitiveIQ Жыл бұрын

Just finished a different episode, now ready for this one. 🙏🏻

@undaflow4074 Жыл бұрын

Absolutely blown away by this. I saw the pennies drop Peter and was with you as Jeff showed the depths of the crime we’re trying to live our lives in. Top shelf!

@BanksterSlayer Жыл бұрын

My fave line at marker 44:44: People spend most of their time reinforcing the very system they hate. Vote Left or Right, it doesn't matter. You are working WITHIN that broken system. Your work is REINFORCING that broken system. You must EXIT that system because IT cannot be changed.

@glenncharles6622 Жыл бұрын

Peter, another amazing podcast. I could listen to Jeff every day. Mind blowing things to think about.

@realcyberghost Жыл бұрын

This was great, I listen a lot to various motivational videos, but this one gets me more excited and feeling good about the future than anything heard in a long time.

@BecquePeters Жыл бұрын

LOVE your work on this. Keep up these amazing interviews.

@caseyfit Жыл бұрын

Jeff is the best IMO. His book was the first book I read when I went down this Bitcoin rabbit hole.

@randyjones3050 Жыл бұрын

This is the best interview with Jeff Booth I've heard yet. It brought together many different ideas I've been thinking about for a long time, but stated in a very coherent logical manner. I had sever "AhHa" moments while listening to this particular discussion. You should send it to Jesse Powell because I think he needs to hear it.

@EHame Жыл бұрын

Love your show. Respect Mr. Booth and love listening to him.

@amphibious2wheels618 Жыл бұрын

Thanks for sharing such a great chat w great guest! Cheers from Mexico!

@humanitos.davidizquierdo6416 Жыл бұрын

i will study this interview deeply.Thank you!!

@fuzznakano Жыл бұрын

Well done Peter and team. You are doing a fantastic job in sharing this information all over the world. Mjr Tokyo 😊

@DrJeffRoss Жыл бұрын

This is a truly fantastic interview, which will stand the test of time. Kudos Peter and Jeff!

@gloriamariadc7757 Жыл бұрын

This is one of your very best best best episodes.

@d9230 Жыл бұрын

Mind blowing! The podcast we needed to start from first principles but then get into the core.

@jakaciman2620 Жыл бұрын

The best episode ever.How long will it take to get to truth,how to make this process faster.

@Paul-Coburn Жыл бұрын

Very insightful. A whole different way of looking at things.

@ikust007 Жыл бұрын

Really my type of interview. Thank you.

@pamelaalford4685 Жыл бұрын

Excellent. Sending links to many in hopes it will clear some smoke!

@gloriamariadc7757 Жыл бұрын

“Abundance in $$$ is scarcity everywhere. Scarcity in $$$ creates abundance everywhere.” That’s deep.

@vonnykintore Жыл бұрын

I get home and I find this episode with Jeff!!! thank you guys!! great great work......super encouraged

@KevinBasham Жыл бұрын

Fantastic interview! We had Jeff on our show last month, he’s one of my favourite guests.

@endthefed5304 Жыл бұрын

Because the current system of money is based on debt being created out of thin air and the interest payment on that debt is not created when the money is printed, therefore the next creation of money has to be greater to include the interest payment for the previous creation of money... Fractional reserve lending is the problem.

@endthefed5304 Жыл бұрын

Great observation!

@Sammythebull86 Жыл бұрын

Amazing interview!

@markkelly4804 Жыл бұрын

Jeff Booth gives me more confidence in Bitcoin than any other person. He has authenticity, and abstracts everything out to first principles. Ideas from first principles - like bitcoin - always beat those competing ideas not from first principles.

@b_tang Жыл бұрын

Mind-bending conversation

@derek.seaborn Жыл бұрын

You’ve had some of my favourite guests lately. Thanks!

@pat_attack Жыл бұрын

2 great minds (3 including Danny). Brilliant interview.

@essexdrone6595 Жыл бұрын

Awesome! 💥 THIS BLOWS MY MIND

@johnroff2704 Жыл бұрын

Best show yet!

@jasonstaub3045 Жыл бұрын

Excellent episode !!!!!

@smartmoney607 Жыл бұрын

He killed it.

@CorruptedEditz Жыл бұрын

Damn, seeing this just uploaded made me shout with joy!

@jonburkhartsmeyer386 Жыл бұрын

Dang this interview was great!

@vvmenno Жыл бұрын

Mindblowing guys! It is not getting any better than this.

@BitcoinEdge13 Ай бұрын

Great interview. Healing the world with Jeff Booth one Bitcoin at a time 😊

@nickavlonitis6116 Жыл бұрын

aligning with Jeff's BTC 2nd-layer prediction, boracay island (philippines) has ~100 shops/services/sari/bus adopting lightning network. remittance service too.

@coocoocachooglin Жыл бұрын

Interested to see this. I've been trying to get my wife's family in the Visayas interested, they don't even have bank accounts, but when there is a need, we can send fiat via western union. The problem is, having a way to send btc, then for them, being able to offramp to fiat, because right now everything is fiat, however, adoption and transition is a challenge. As Peter says, he transacts in fiat, but has one foot in btc for the future. I'm curious what are the main lightning apps people are using in Boracay ? I myself use Strike to buy and send to cold storage, I don't even use it for payments of things at this point. But I would be interested in using it for remittance, the problem is them using it on that side. As it is right now, they go to a money changer and get charged a ridiculous fee to convert btc to fiat.

@frankjoy2455 Жыл бұрын

Guys, focus please: adoption will come when you don’t need a 12-24 words seed phrase you can lose and you don’t need to copy paste long addresses etc. Just simplify the user interface to begin with. Then wait for regulation (not btc regulation but institutional regulation)

@SpringismySeason Жыл бұрын

Jeff has an amazing mind. It would be nice to have his article you referenced in the description box. Nevertheless, I'll hunt it down.

@jonp.1084 Жыл бұрын

Booth = legend

@Alwayslearning426 Жыл бұрын

Pure signal here! Much gratitude for this information! Let's get out of the old system! Great job! Thanks!

@MikeStillUK Жыл бұрын

Who’s Mike? 😅

@r4yleung Жыл бұрын

Mind blowing interview. BTC healing the world gave me goosebumps

@gloriamariadc7757 Жыл бұрын

His TV purchase example is 700$ vs 2000$ 2 yrs prior.. meaning a better newer tv for a fraction of price.. I got confuse w/ his use of word “ridiculous”. He meant cheap, not more costly.

@mr.p7616 Жыл бұрын

I’ve been a big follower of Jeff for sometime. I would love to hear a counter argument from someone like a vitalik. Maybe not so much of an argument as how the two can coexist and why both are necessary. My understanding from Jeff is, if its not built on BTC, it won’t last because it’s centralized. (Makes sense) is there another point of view?

@MrTno1TrickShot Жыл бұрын

Mind blowing Peter, this is by far your best interview. Your work is immense as we move forward in a forever changing world. Congratulations and keep going. Keep standing on land mines😉🙏🏼🫶🏼👊🏼

@boq81 Жыл бұрын

Mine-dancing becomes trendy. ✌

@P__114 Жыл бұрын

I’m so excited for this

@flyingsnow311 Жыл бұрын

If money becomes pure Digital without any cash in the Systems can't work bcz - what happen if a Blackout appears, what if whole countries will be blocked being a part and having access to the system? What if data "get lost or manipulatet ??

@westra4 Жыл бұрын

Thanks Pete and Jeff. Let’s walk to the new system.

@CIGAR4686 Жыл бұрын

This is Jeff Booths greatest interview 👍🏿👍🏿

@betterdays7613 Жыл бұрын

This great interview came at a perfect time to keep the drive alive. All the politics, bad practices and control issues surrounding BTC seem like a comedy, drama series, but not a horror story, to those of us waiting on cold storage. Thanks for hosting guys ! Good luck in the Great White North.

@qorazx Жыл бұрын

One argument that is always brought up is that inflation is required for consumer spending. If we would be in a deflationary environment we wouldn't spend our money but rather save it to wait for things to become cheaper and cheaper. How do you see this? Is it really a harm for the economy?

@azdjedi Жыл бұрын

1:15:40 You're not alone, Peter. It was a really good episode.

@jimnichols5584 Жыл бұрын

I learn more every time I listen to or read something by Jeff. This podcast needs to be shared everywhere to speed up the transition. Thanks

@EthanMiller1 Жыл бұрын

Man, I love this guy. I bought his book for a few people. Unfortunately it didn’t convert them to Maxis, like I. Oh well.

@daschnad8895 Жыл бұрын

I instantly bought more bitcoin after watchinhg this video. Jeff is so good at explaining such difficult things.

@Chandru.T Жыл бұрын

WOW… great interview..

@pauline9085 Жыл бұрын

Very interesting. In the vedic perspective, it's the same prediction. Prashant Trivedi has been saying for a couple of years now, we are transitioning from the age of ignorance to the age of clarify. In the near future, societal structures will be very different as what you see as government are not longer exist the same way.

@still1. Жыл бұрын

So good!

@alexanderg9670 Жыл бұрын

Unfortunately, it's unlikely that wages will be sticky after hyperbitcoinization, sticky wages are a profit vector in inflation environment. In deflation environment I predict slippy wages as preservation of the profit vector - difference between preying even less that your product got cheaper Wealth inequality will skyrocket, make sure to learn to save early Why wealth inequality will grow faster than today with sound money? Its growth rate depends on global economic growth, but theft that Jeff is talking about artificially allows while economy

@jumpatoylit3655 2 ай бұрын

Great podcast

@endthefed5304 Жыл бұрын

If you could strategically pick, say, 10 or 20 nations that would best complement each other's goods and services, and have them move to the Bitcoin standard, wouldn't that speed adoption? It seems like it would allow them to form a cohesive set of trading partners who could get off the Fiat grid and thrive.

@azdjedi Жыл бұрын

10:00 I don't understand this part.

@grantroberts4231 Жыл бұрын

love Jeff. read his book, but i barely understood a word of this. “system, system, system….” i need an interpreter. anyone have a TL;DR?

@ck35478 Жыл бұрын

This connected some thing for me. I'll be thinking about this for a while.

@richardwilson57 Жыл бұрын

would be amazing to get Jeff and Bitboy to debate ETH and BTC as money......

@ChrisvP Жыл бұрын

Jeff "who wants to think about this everyday.." ME ME ME. I do! I can't go back.

@doubleslit3389 Жыл бұрын

I’d pay $100 to hear a discussion with Jeff Booth and Yanis Varoufakis.

@Derek.Melchin Жыл бұрын

36:15 - Why does each additional user on ethereum make it more centralized?

@Derek.Melchin Жыл бұрын

Nvm, found the answer at 38:08

@DanielGonzales-di6tq Жыл бұрын

Jeff blew my mind at pacific Bitcoin and in this podcast

@RedBeardOps Жыл бұрын

I want some detailed videos that systematically go though ETH's weaknesses and failure points. Cheers yall, love the show!

@mg4u4ever Жыл бұрын

well. easy. ETH is POS now and kzfaq.info/get/bejne/n9GAodVjmM6boZs.html is all you need to show why it is systematically flawed "as money"

@philfortner1805 Жыл бұрын

ETH is centralized, so it can be shut down tomorrow. ETH can be created and destroyed at will of leadership, raising or lowering it's value at any time. ETH contracts can be edited after the fact at the will of leadership. It's exactly fiat wearing a rubber crypto mask. And the mask smells all rubbery. Nasty.

@Newhuman4444 Жыл бұрын

Please have someone who understands ETH and debate with them. It’s very easy to make overarching statements without any metrics or details to back it up

@dingfeldersmurfalot4560 Жыл бұрын

Matt Kratter has some.

@boq81 Жыл бұрын

I hear Buterin talk and I smell socialism.

@RadagastilBruno666 Жыл бұрын

Fantastic

@rupaw Жыл бұрын

The whole argument breaks down around 59:10 Almost nobody does 5-Whys. Normies are so used to Inflation that they associate it more with their next pay-rise than with "theft" or "extortion". Resistance to change is far greater than curiosity about new ideas. It takes a catastrophic finance collapse before the mainstream gives Bitcoin a chance. And even then, many would just opt into another version of fiat currency. Old habits are hard to break.

@Sovtoshi_alt Жыл бұрын

Jeff is pure signal

@qayotee Жыл бұрын

When I listened to this before bedtime yesterday I thought “Neat ideas wrapped in simple explanation”. But when I really listened this morning I wrote down new profound ideas every minute of the show and thought “I want to see this new world of trust and abundance”

@aldo_antinori Жыл бұрын

Jeff is an international treasure

@Alejandro_btc Жыл бұрын

One of the best interviews i have ever seen. Thank you.

@edreeves121 Жыл бұрын

Someone please explain why bitcoin has value. Anyone?

@coocoocachooglin Жыл бұрын

How do I deal with the fact that BTC doesn't generate income? Eventually I can own enough rental real estate to escape the w2 job and retire next year, how can I do that with BTC? Some of the BTC I bought is at a lower price today in fiat terms than when I bought it, I'm going backwards, the rent houses I have continue to generate income and overall gains. I can keep stacking rent houses and every year I am better off. I can't say the same for BTC right now.

@bitcoinpoemspro1406 Жыл бұрын

Always love Jeff’s insights

@mathu991 Жыл бұрын

But we haven’t invested in energy

@mandog-FYT Жыл бұрын

The future's so Bright!

@robertrobert6665 Жыл бұрын

The view from 50,000 no 500.000 feet! Looks clear...full speed ahead.

@kestreljc1559 Жыл бұрын

I would love to hear Jeff's critique of Monero. I've not, to date, heard a convincing case that BTC is a better money than XMR. I can't get past the fungibility issue.

@SAL-fs1mr Жыл бұрын

I'm not sure what Jeff's critique would be. But for me, the inability to verify the coin supply with only simple addition really bothers me about monero. It is possible for there to be an undetected inflation bug evaporating your wealth overnight.

@ashmanz Жыл бұрын

Monero is not scalable. The end.

@cypherhoax2010 Жыл бұрын

I struggle with the fungibility argument as well. Elasticity is another difficulty I haven’t found a credible argument in a game theory sense.

@mbseeking6570 Жыл бұрын

You should interview Professor Richard Werner just ot hear what he has learned about how banks and credit money works.

@itssteve6018 Жыл бұрын

Nah. Werner is an MMT nut. Jeff Snyder has a much better understanding of the system.

@cjmilburn8343 Жыл бұрын

Seriously this guy is next level - Jeff Booth is hope. Bitcoin is hope. It's going to be ok guys.

@globetrotter6282 Жыл бұрын

Great interview. Everything makes sense. Just wondering how the powers that be, Fed, Government, Wall Street react when Bitcoin becomes more popular than the CBDC. Can they make life miserable for Bitcoiners?

@senorgringopapi2059 Жыл бұрын

Smart man!

@heinzyketchupy4175 Жыл бұрын

What people don’t get is the strength of currency relative to each other is LITERALLY BACKED by a handshake. That’s it! It can change in value with a press of a button, or big interest groups deciding what currency should be. Sad

@__lancaster Жыл бұрын

Watching Peter barely able to follow Jeff is like looking into a mirror and reminding me of that Year 9 maths class when I was nodding furiously with eyes slightly glazed over knowing full well that the content was disappearing at a rapid rate right over my head. Good times.

@motopolak Жыл бұрын

This is how I feel too sometimes. Jeff is on another level!