Understanding Inflation, Deflation, and Entrepreneurship | Bitcoin People EP 9: Jeff Booth

Tech entrepreneur and CEO of Ego Death Capital, Jeff Booth, discusses the drawbacks of inflation, Bitcoin's deflationary advantage, and how his values of integrity, curiosity, and empathy shape his business approach.

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Book:

The Price of Tomorrow: Why Deflation Is the Key to an Abundant Future

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I hope and trust this chat brought you some interest and joy. If you feel inclined to send a few happy sats to support the channel, we'd be forever grateful: lnurl1dp68gurn8ghj7ampd3kx2ar0veekzar0wd5xjtnrdakj7tnhv4kxctttdehhwm30d3h82unvwqhk2ct5v93xcetrv4h8gdf4fguw67

TIMESTAMPS

0:00 Why inflation matters

3:23 Technology is deflationary

4:26 Credit based system

5:08 Money is information based on trust

5:20 When money breaks

6:50 Why deflation is seen as bad

8:00 Why deflation doesn't work in a credit based system

9:11 Inflation - theft of money & time

13:25 Climate change & carbon emissions

15:30 Solution to climate change

16:28 Why are energy prices so high today

17:42 The rise of the ponzi scheme of the credit based system

24:50 What is money?

29:33 Bitcoin fixes this - decentralised and secure

36:32 Are we mad?

40:00 Bitcoin adoption speed vs internet

45:27 Self-custody & Fedi https://www.fedi.xyz/52:45 Cycles - Bitcoin & The Fourth Turning

55:50 Expect the unexpected

56:36 Abundance of money vs scarcity of money

48:22 Human nature

1:00:00 Division of labour

1:06:00 Jeff's top 3 values

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We talk about the 'Bitcoin Community' but who in fact are these anonymous 200 million wallet owners across the planet? Are we actually a community with common values and ideals? Or are we a disparate group of people all here for our own selfish ends? What hopes and dreams do we each have pinned on it, if any? And how realistic are those dreams?

I set out to learn about the Bitcoin people I've met on Twitter and elsewhere, to put faces to names and learn about how everyday folk are thinking about and using Bitcoin.

Music: Mira by Black Rhomb – premiumbeats.com

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