What Bitcoin Did

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The Distortion of Money with Jeff Booth

Peter McCormack

Interview | Description | Timestamps | Show Notes

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The Distortion of Money with Jeff Booth - WBD489 Peter McCormack

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Jeff Booth is Entrepreneur and Author of ‘The Price of Tomorrow’. In this interview, we discuss the distortion of money, how Bitcoin can herald in a fairer system based on truth and a free market of ideas, and the transition from scarcity to abundance.

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Bitcoin is revolutionary. More than its cryptographic protocol, monetary policy, and decentralised technology, Bitcoin is built on promulgating truth. It is feasible that a new economic paradigm is being built that democratises knowledge and information.

The old ways of spin, exaggeration, false equivalence, hustle, denial, and outright lies served the fiat system well during the 20th century. Being ‘economical with the truth’ became a necessary tactic of the game, employed by leaders of companies, institutions, and countries alike.

The corrosive effects of increasingly systematic subterfuge were inevitably going to counter balance any fallacious societal benefits. This has become increasingly clear since the beginning of the new millennium: events and shocks have chipped away at the current economic edifice.

It’s not that a new system would be beneficial to society, it’s rather a new system is required to enable the major issues of today to be resolved. Can Bitcoin be the basis of this new system?

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00:04:10: Introductions
00:07:55: Building businesses
00:14:06: Designing our own lives, and playing the victim
00:20:06: The double-slit experiment
00:24:06: Bitcoin in world events, and the distortion of money
00:28:29: Division of labour
00:35:01: In the Monopoly analogy, Bitcoin is the new game
00:40:34: The Great Reset and Bitcoin
00:52:38: Global reserve currency and belief in the Bitcoin idea
00:58:32: Freedom vs control and the breakdown of the petrodollar
01:04:26: Truth matters in the transitionary period
01:08:32: The unimagined impact of Bitcoin
01:15:10: The transition to money scarcity could be messy
01:19:51: Ego is The Enemy, and making yourself the message
01:26:49: How Bitcoin could fail
01:37:08: Final comments

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If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:

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