Entrepreneur, Tech Leader, Author of The Price of Tomorrow - Why Deflation Is the Key to an Abundant Future, GP @EgoDeathCapital
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Published at
2023-02-25T04:16:42Z Event JSON
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Last Notes npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe Jeff Booth Everyone in their own time! npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe Jeff Booth Love @npub1a2c…w83a and laugh every time I see her meme that is going mainstream. npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe Jeff Booth I have always used it to show the risk isn’t “them” it is… “us” and the hypocrisy of our actions in giving our time and attention to a system preying on us. npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe Jeff Booth Up to all of us and our words, thoughts and actions. We, through those actions literally manifest the world we reside in. But to simplify, yes because we are all Satoshi. (Even Craig wright in a perverse way. because he demonstrated to so many people what happens when you try to cheat an honest network) npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe Jeff Booth Love it!! npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe Jeff Booth Thank you both no 😂. We are all Satoshi. Ideas, not people and there have been so many helpful in informing mine. npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe Jeff Booth 🎯 npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe Jeff Booth The government will be forced to become smaller, more efficient, and serve the people instead of preying on them because bitcoin doesn’t care (assuming it stays decentralized and secure) how many pieces of paper they print to pretend prices go up. (As long as you’re measuring from Bitcoin) npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe Jeff Booth Thank you! Eventually you’ll start to spend in it and then earn in it. For now, (because it is such a mental framework change from what we are used to) the key is to keep reinforcing to yourself prices go down in Bitcoin instead of converting it to fiat to see it go up. And pass it on :) npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe Jeff Booth Thanks my friend!! npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe Jeff Booth 😂 - Correct. npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe Jeff Booth Yes to both. npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe Jeff Booth 💜🧡🙏 npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe Jeff Booth Credit will be much smaller as it is repriced in bitcoin terms and credit becomes more costly due to deflation. That change will be messy and chaotic because too few misunderstand it. npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe Jeff Booth Maybe, but even if true - it only adds confusion and therefore accelerates #2. npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe Jeff Booth 🎯 - it’s why I first missed adding #Nostr at first because it seems so obvious. npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe Jeff Booth Should have added #Nostr to #1 above. npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe Jeff Booth I’m writing this because I keep getting asked to comment on Saylor/Saif video even though my position hasn’t changed. The natural state of the free market is deflation which means all prices fall forever in Bitcoin (assuming it stays decentralized and secure) Free market economies are more productive meaning faster deflation (or real wealth gains by falling prices) That system is incompatible with an inflationary monetary system meaning one of those systems must fail. Either: 1) A system based on truth, hope, and abundance for all 8 billion people on the planet driven by a free market economy and all prices fall relative to bitcoin forever. This means Bitcoin is used as a medium of exchange and freedom tech spreads to the world through lightning, Liquid, Fedimint, Cashu, etc. OR 2) A control system. An extractive rent seeking system that is NOT the free market (similar to the one we have had for 5000 years that resets every 100 or so years through war) continues to centralize by having you believe price of bitcoin is going up in fiat which makes the surveillance state stronger. This eventually centralizes Bitcoin - custodians, media, regulation (funded from the same manipulation of money) where it is attacked from layer 2. (Similar to gold) While these ideas may “seem” compatible in the short term because you want Bitcoin to go up in fiat. What it really means is that you are giving your energy and strength to the system centralizing the world by converting Bitcoin to Fiat….to then measure prices. Quite simply - If Bitcoin is only a store of value, it fails as a store of value. Ps - It won’t fail. #1 is inevitable in time because too many (and more each day) have seen behind the curtain and are determined to build path #1. Many of you here - the people that inspire me every day. You make a difference with every word, thought and action. Almost did that in all caps per @npub1qny…95gx because it’s so important. Referring to # 1 above…..There is no second best. npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe Jeff Booth Reminder that lowering interest rates doesn’t fix a solvency crisis. In time - that “fix” is still coming. #Bitcoin #nostr npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe Jeff Booth Love Greg and feel for him. Definitely not scamming. He just made a mistake in a business and trusted people……that ended up really hurting him. As someone who understands risk so well, he has had a hard time letting it go because he feels he let down his family, this community etc.