Global Monetary System is Changing For the Better, But it Will Be Chaotic: Jeff Booth

[@DanJohnsonAffordableAviation]

The softest-spoken revolutionary, Jeff Booth is. He can be so calm yet say things that are positively incendiary in other circles. Bravo, Jeff!

[@allisone8]

Jeff Booth is a great mind and soul for these times. Thank you Jay and you are very special as well my friend. Great Interview.

[@johngault7664]

Great job Jeff. Its a difficult crowd on this podcast and most listeners won't give you a chance given your positivity towards bitcoin. A few will, though, which makes it all worth it. Anyone reading: gold works, but not for fast paced digital settlement. Lots of us with bitcoin still have our gold. We believe in the same things. Give it a chance.

[@yasminross4452]

If gold worked we wouldn't be in this problem now by being taken off of the gold standard

[@RyanVoelkel]

Bitcoin > gold Everyone will be forced to buy Bitcoin at some point as the game theory continues to play out. If people want to write it off now that’s their problem. They’ll stack less sats later

[@eliotness107]

​@@yasminross4452government wants to deficit spend like a drunken sailor and make everyone else pay for it. Much easier to do so with a fiat currency

[@mwalsh7500]

The MOST cogent, thought provoking presentation for Me this year. Bravo to you both

[@caligulapontifex5759]

“Modern money is just a ledger” Few understand this

[@agentdashboard]

Booth is quite simply brilliant and a visionary. He will be proven right again.

[@jaysz6924]

Great interview J! Booth is always a mind bender

[@happiernow]

Mad respect for Jeff Booth! Thank you for bringing him to your viewers! He brought me to your channel so I’m checking you out. Win win.

[@jonp.1084]

Booth is the reason I got out of crypto and into bitcoin only. I have a lot of libertarian ideals and always knew there was a problem with our monetary system. Bitcoin is an opportunity to fight back with a completely new system.

[@thepamo2812]

This is the way. There’s Bitcoin and there’s everything else

[@Ogrem]

Jeff is the man who explains it very elegantly!

[@goobtron]

Love Booth. Eventually this audience will understand he's right or just call him "lucky"

[@bencompton5345]

Thanks guys - Awesome interview, extremely insightful.

[@westtexashodler2646]

Politics is theater on top of a dishonest ledger. Jeff Booth

[@happiernow]

Jeff speaks confidently. He knows what he’s talking about.

[@mayor399999999999999]

Hold Bitcoin and gold.

[@joshv1814]

What about silver

[@paradicemtl9079]

Bitcoin only

[@Bitcoin_Cartoon-km4ms]

Great show always enjoy jeff

[@ericreslock100]

Larry Leapard, who runs some gold funds, says that he polls his circle of gold holders and it's now more than 50% who hold both. We are natural allies. One aspect of Bitcoin that may appeal to gold enthusiasts is Bitcoin is fully and completely audited every 10 minutes with each new block. Unfortunately, no way to audit gold in the system in the same way.

[@CorwinYoutube]

I recommend folks who enjoyed this conversation read Jeff Booth's book. Thought provoking; just an excellent book.

[@fp2687]

I don't know how to start investing bitcoin. Help

[@julietrapp1764]

Wow. Jeff does a great job explaining the real world of CBDC

[@TeshTube]

What a wonderful interview. Jeff Booth is amazing! Subbed just because he was a fantastic guest! 🔥🔥🔥

[@rof8200]

Simplistic understanding of Bitcoin

[@twscho5041]

Great interview!

[@margator1036]

Individual countries need the tools of fiscal and monetary policy. They will not give up having their own currencies without a fight.

[@ashdraked]

They lose the fight without any viable alternatives, they’ll lose it even faster now

[@joshuajames2425]

Great interview Jay Jeff has a excellent perspective on Things 🤠

[@Just21Million]

I love Jeff 🧡

[@robbatayaki5505]

Booth, Alden, Saylor, Antonopoulos .... thanks

[@lennintejada9138]

Great interview. Great way to speak about the future system of conservation of wealth.

[@jerrako6777]

Jeff Booth is brilliant!

[@semaluvchannel-zj1ng]

$CRU is an amazing project

[@BootsieTheGreek]

Great information

[@drewsmith8054]

Jeff is brilliant

[@drewsmith8054]

brilliant analysis

[@miguelon1995]

#Gold #Silver & #Bitcoin to the 🌕 baby Sound Money > Fiat Currency

[@Anders01]

Prices falling exponentially for everything. Exactly. And independent of the economy Ray Kurzweil said that products and services will become dirt cheap. That's why I'm such a huge fan of China's technological progress because it seems to me that they have the best development and momentum to make that a reality as soon as possible globally. So I think that's a good thing!

[@ronfesta771]

Me thinketh with soany excellent podcasts our there it's important when guests are., respectful of........other people's time!@!?🤪😉

[@trevordowney6425]

Who cares if btc can't be taken when you can't use it anywhere???

[@waynerichardson1051]

You're funny mate!! Halirious actually!

[@trevordowney6425]

@@waynerichardson1051 Thank you. Where do you use your btc?

[@collinblatchford]

Why would you pay for something in dollars if you have bolivars? I pay for things in ₿ out of courtesy but if I'm being honest I'd rather pay in dollars right now because I don't want it.

[@cm-uy6ec]

Get Harry D back now

[@dougcs]

So.... bitcoin can't be stopped. Is that practical theory or hopeful theory? Simply, if use of bitcoin as tender is outawed how can that be overcome in practical terms in society?

[@collinblatchford]

People will move or destroy their seed phrase and remember it. The whole point is that it is close to indestructible. China had more than 51% or validators in its borders. Then it banned it, transaction fees went up for a bit, people moved or reacted to the market, fees went down, bitcoin never missed a block. A less authoritarian goverment with less tracking ability basically ended gold as money with one order (6102) in the 1930s.

[@lastcalifornian1791]

Only two with clarity.

[@margator1036]

All this has happened before and all this will happen again. If there is no expansion of the money supply debtors won't be able to pay back their debt. Bad for them and those who own the debt. "The Wizard of Oz" all over again. What was that book really. about? Hint - those were silver slippers not ruby slippers.

[@INTERNETVID]

My particular hint would have been a reminder of what color the brick road was, but we're essentially on the same page.

[@bitcoincustomerservice2770]

Canada IS a dictatorship...they just haven't gotten around to dictating to you yet. I'm Canadian and will be leaving as soon as possible. Where? Somewhere that deserves my spending.

[@jimarger8533]

"All prices are decreasing and will do so forever." Really? Would that include materials like land or minerals or something else of limited supply when demand rises or supply declines? .... regardless the ledger, any ledger.

[@goobtron]

Nothing is scarcer than Bitcoin so all prices will fall relative to it. That's his point

[@markpalmer8083]

​​@@goobtronExactly. Some things will fall in Bitcoin price faster than others, depending on their scarcity. But everything that can be created more of, when demand for it increases, will fall relative to Bitcoin because Bitcoin is the only thing that more of cannot be created, no matter how much the demand for it grows. Some things, that more of can not be created, such as the Mona Lisa, will not fall relative to Bitcoin, but such things are considered priceless and will never be for sale.

[@adriantyler9086]

Bitcoin is good, BUT non binary (eg Hexadecimal) computers will easily over power current binary computers.

[@margator1036]

Fiat currencies are a wasting asset. Most fiat currency is borrowed into existence. Always been that way and will always be that way. If there is no new credit and debt creation we will have a depression.

[@lorilacour7816]

❤❤❤❤❤ I don’t know if we were weeds

[@edreeves121]

The NAV of bitcoin has to be a negative number. It's an attenuating electronic digital fart with a chart. Total nonsense. Best wishes.

[@margator1036]

Money = gold and silver, fiat money = paper money and now digital currency. Everyone should have some money, gold and silver. Gold is indestructable with no counter party risk. All digital currencies including Bitcoin can be destroyed.

[@PrimordialEconomics]

Gold has no counter party risk? Your gold can't be confiscated?

[@loladelawoyin5728]

​@@PrimordialEconomicsDon't bother helping them. That's a typical response of a gold bug who aren't open to any other opinion.

[@walterblake1]

Good luck with that thesis

[@collinblatchford]

Serious question and I am actually interested in your answer (if im wrong I would like to know). How would bitcoin be destroyed or confiscated. I imagine you don't look at notifications. I rarely do but seriously if you or anyone else wants to elaborate I would actually really appreciate it.

[@paradicemtl9079]

Gold is a shitcoin

[@tonnienichols1558]

It's not for the better.oh better control

[@good2goskee]

Btc has no counter party risk? 14:59 Lol ! Wtf? How about bank off ramp?....btc is not a good currency. How about the internet or electrical power, a mobile phone, government laws making btc illegal all are limiting factors which are potential counter party risks. 20:00 Most people who have gold DO self store. He is simply wrong. Most people who privately own gold (China and India) have it as jewelry. Most Westerners, the world's minority holders of gold, do not have kg bars in a Swiss vault. They have a few bars, krugarrands, eagles, or maples at home.

[@solartime8983]

The "price of production for a line of code" is Not free...unless, you are one of the few that produce (Server power) for free with on site free energy...like PV🌻

[@collinblatchford]

Nothing is free, PV I assure you costs money.

[@solartime8983]

@@collinblatchford If u collect rain...is it free water?

[@paradicemtl9079]

Is the air you breathe free?

[@ericreslock100]

HP calculators used to be $250. Now they are free in the app store. That code is indeed free and shows how radically deflationary technology is. Cheers.

[@collinblatchford]

@solartime8983 Solar panels do indeed cost money and have a useful life of about 25 years. So PV energy has a cost and a recurring one. Collecting rain also costs money or labor. Also need to store it and sterilize it.

[@bradkawaii1755]

just understand that code is not free it is amazing when a person with 0 tech skills has a rant about coding

[@ericreslock100]

One of his examples is an HP calculator. Used to be $250 but is now free in the app store. That code is indeed free. Jeff is one of the original tech entrepreneurs. He advised the Google founders. Best regards.

[@bradkawaii1755]

@@ericreslock100 I do not really care who the guy is when things a person say is wrong. Apps gets access to all your data so you still pay with your data. Close to "free" soft is open source. However, ppl who can assemble that code and make use of it are quite expensive.

[@ericreslock100]

Right. I think Jeff would concede your points. Yes, it takes a phone and a data plan to use apps. I like many have an unlimited plan so these are "free" for me, but not for everyone. Another example he cited is with pictures. Kodak kiosks in the grocery store parking lot vs. virtually unlimited with a smartphone. The cost is approaching zero and demonstrates how radically deflationary technology is. Best regards.

[@jasperthomas8048]

The piece you are missing is that in order to invest in Bitcoin, you have to go through the Fed (takeover of two largest traders by the Fed and given to Big Banks). They will restrict that and cut you off from your funds in Bitcoin so you will have to use the Fed's digital currency. There is no way around.

[@ericreslock100]

Unless one takes self custody. For the government to confiscate an individual's Bitcoin, they would need to guess a number hashed through eliptic curve cryptography that is not far from finding an atom in the universe. As far as converting to USD, you have a valid point. Could still be exchanged peer to peer for dollars or goods.

[@shoshi06]

​@@ericreslock100need everyone on board then...no?

[@ericreslock100]

Increased adoption is necessary. Bitcoin people are not naive about malignant governments. But it's a global open network. China has tried and failed to stop. Ultimately, the game theory IMO is governments get massive first mover advantage by embracing, and at some point a government could print fiat to buy Bitcoin, while there is Bitcoin to buy.

[@xponeke2440]

Talking his book again

[@tomkarnes69]

The only "Trust" relationship I have with the Central Bank is this; for the privlage of having my head attached to my shoulders, I will meet my tax obligation, in full, on time, you get no 2ed chances! Gold isn't money, neither is Bitcoin, you pay your taxes in dollars

[@yanxu2639]

Good point, Fiat as Medium of exchange, BTC as store of value and gradually become unit of account and medium of exchange

[@dazedhavoc]

Stocks only go up.

[@paulkieffer1189]

😂😂😂😂😂

[@somejohndoe3004]

You mean stonks ? I'm all confused now. 🤔

[@trevordowney6425]

As Jeff states, technology is a center to economic growth. Computing power is exponential. Technology and raw computing power will eventually corrupt bitcoin. Sorry but, it will never be what the maxis want it to. Far too much risk.

[@barefoothippielibtard9691]

I have no idea what the fuck your point is

[@petergeddesrensen6567]

Don't count your chickens, until they're hatched 😉💥

[@commonsense7167]

Think this guy is a techno hippy that has fallen I love with the idea of Bitcoin

[@aslkdjfzxcv9779]

a global monetary system for the better. 🤦‍♂️

[@collinblatchford]

Argument?

[@obitooftheworld6761]

The first 3 minutes is a completely useless intro. Please lose it for your next attempts. Thanks.

[@agentdashboard]

Here is a novel idea……skip ahead

[@obitooftheworld6761]

@@agentdashboard exactly, if people only skipping ahead, why is it even there.

[@kingoftone2003]

This guy sounds like something straight out of a university think tank with no connection to the real world or the real minds of human beings. For example, he likes bitcoin, but doesn’t talk about the negatives.

[@philfortner1805]

The negatives of Bitcoin? Like it doesn't have an owner that controls it? Like it doesn't have insiders that can hand it out to friends? Like it doesn't allow any cheaters and everyone gets paid fairly for work done with a free market?

[@ipeteagles]

@philfortner1805 more theories from a Michael Saylor clone

[@southernbanker1946]

What are the negatives? Really - asking so we can have a educated discord.

[@FreeSpeech4All]

Yup. Bit-cult gonna cult.

[@ipeteagles]

@@southernbanker1946 cbdc piloting for starters

[@margator1036]

It could be all countries will have CBDC's. They appear to be the future. Each person as well as countries can have their owm gold holdings. The efficiency of CBDC's will cause them to win out. Much faster currency conversions may make reserve currencies less important. Crypto will fade away because they will be regulated out of business. Too much crime and tax evasion involved with crypto. The U.S.and the EU need new protections for property rights and freedom of speech.

[@silverfan2196]

A whole bunch of B>S to me Jay,

[@waynerichardson1051]

Your tag says it all mate!! Silver? Oh yeah that wankster banksters malipulated scam bro!! Seriously??!!

[@collinblatchford]

Why? What points do you disagree with?

[@waynerichardson1051]

@@collinblatchford he won't come back to you mate....he's a PM guy, especially silver!! You know, that other joke of a rock!!

[@richheaton4008]

It isn't going to change...

[@tom79013]

Bitcoin talk ...... out

[@somejohndoe3004]

Same here.

[@philfortner1805]

And you lose 90% of your wealth to inflation before you realize there is no alternative. Everyone gets the Bitcoin price they deserve.

[@tom79013]

@@philfortner1805 never going to buy bitcoin. Not an attack on you. You should do whatever feels right to you. To me bitcoin is a made up delusion. Like the meta verse. Not for reality

[@loladelawoyin5728]

​@@philfortner1805You couldn't have said it better. EVERYONE GETS BITCOIN AR THE PRICE THAT THEY DESERVE

[@gchekibed2099]

"Everyone gets the Bitcoin price they deserve"...I'm sure it's been said many times. First time I've heard it. It's thought provoking for sure.

[@tortugakeel5738]

Noob

[@jimmyshen746]

Wasted 15 minutes of my time.

[@SP-cx2qi]

Deeper thinking required...

[@ms.x2w26]

Nonsensr