Jeff Booth - Navigating Humanity's Greatest Paradigm Shift

Jeff Booth presenting live at the October 2023 Your Life. Your Terms. (YLYT) Event in Toronto. This event is held twice a year for clients of Rock Star Real Estate to share the latest trends in money, monetary policy, and economics.
During this talk, Jeff shares his latest thinking and there's a short question-and-answer section at the end. Be sure to check out Jeff's book, The Price of Tomorrow: Why Deflation is the Key to an Abundant Future.
00:00 - 01:45 - intro
01:45 - 30:11 - Jeff's talk
30:11 - 49:30 - Q&A with Jeff Booth & Tom Karadza
#deflation #economics #monetarypolicy

[@adamsawyer6248]

Love Jeff Booth. This man is my Bitcoin Jesus. I could listened to him explain his thesis for days. Build the future you want to see.

[@BitcoinAndChess]

Not only is Jeff Booth dropping truth about a Bitcoin world, he's doing it in the most effective way: by talking to people who are not Bitcoiners. Those who understand real estate are most likely to understand the merits of hard money.

[@vindiesel5466]

Bankster gangsters will never allow it to happen

[@BitcoinAndChess]

@@vindiesel5466 Banksters don't have any power over Bitcoin. That's the beauty of it being decentralized. You can't ban math.

[@vindiesel5466]

@@BitcoinAndChess no but you can tax the hell out of the users

[@BitcoinAndChess]

@@vindiesel5466 HOW?

[@jedw9983]

No one knows who created Bitcoin. That's the red flag.

[@deaulmerieable]

Jeff Booth is awesome.

[@andrewm8426]

This

[@rockstarinnercircle]

He is!

[@pagexx]

You can just tell that Jeff Booth is a good person. One of the most valuable lessons I learned in life came from Jeff.

[@vinz300000]

Which is?

[@guybec1111]

Which is??

[@TheBitcoinRevolution]

Jeff genuinely cares about humanity. My favourite Boothisms: Don’t measure Bitcoin and its impact from within the system. All prices fall to the marginal cost of production. Technology is deflationary. Scarcity in money creates abundance everywhere else. Abundance in money creates scarcity elsewhere. Inflation is wage deflation. The Bitcoin Trilemma. If Bitcoin remains decentralise and secure, it will become the global base layer.

[@UnderstandingBitcoin]

When the orange mental lightbulb first starts to go off, you sound like Tom. When you have been trying to help people understand this for years, you sound like Jeff. Love to see influential people starting to get this. When you have a large following on social media it’s even harder to set aside your ego and start to learn what you don’t understand.

[@patricebaumel]

Where we are going, we won’t need UBI. If we fix money. That’s why we bitcoin. Abundance for all through perpetual deflation. Few. Jeff is one of today’s great thinkers.

[@hametly254]

Jeff is incredible. Thanks for all you do. Can’t believe this is free. OneLove…

[@rockstarinnercircle]

Glad you enjoyed!!

[@seanmcgrattan1845]

Huge props to the Rock Star team for having Jeff Booth come and talk to your realtors that isn't exactly in line with their business model. They must be really solid dudes that actually want a better future. You probably won't understand everything he is talking about at first. Some people get it right away some people need beat over the head but keep watching his talks and read his book, the price of tomorrow, and you will get there! Might want to get off zero Bitcoin holdings!

[@rockstarinnercircle]

Thank you! We're trying to share as much valuable information as possible. Jeff is incredible!!

[@mlong1100]

Jeff Booth is a rockstar!! Perhaps Michael Saylor next event??

[@rockstarinnercircle]

We need to get on that ASAP haha!

[@mlong1100]

@@rockstarinnercircle 💯!!!

[@waynerichardson1051]

I've been watching Jeff for years.... that was his best presentation in my opinion! Thanks

[@stereodachs]

Reading his Book In 2020, listening to a lot of his podcasts and talks an KZbin. But this was the best one I saw . Not to long , fluid , convincing and so spot on . Congrats , Jeff ❤

[@rockstarinnercircle]

The Price of Tomorrow is an eye opener for sure. Glad you enjoyed the talk!!

[@user-ht5eb5zv2x]

Jeff is the GOAT at explaining this paradigm shift.

[@rockstarinnercircle]

100%

[@FabioPedrazzoliGrazioli]

Jeff is my favorite mentor in the Bitcoin space, I love his depth of knowledge, his demeanor and even the name of his company is awesome (Ego Death) 🙂

[@funkyseven19]

Jeff has cracked a key part of the matrix. He's 1 of 1

[@Alwayslearning426]

Jeff is a fantastic person! ❤

[@JeffBooth-fc1vx]

Thank 🙏

[@user-ie4jw8hp8q]

😮 This hit home for me, especially for what I’ve been through this past week. Freedom and privacy getting eroded at an alarming rate, threats from the ‘IRS’ (in my country)..... the system has squeezed me to the point where it feels like, to be free I need to be homeless and just live on the beach or in the bush.... The uphill is too steep .... the normal cycles and phases of life cannot be achieved. Ie: get a house, start a family ...etc.

[@gavent99]

wow, that was awesome. love Jeff Booth.

[@JoeKazemi]

Jeff’s book changed my life to the upside so much. He’s a national treasure.

[@antoniogomez8389]

Thanks for your incredible contribution Jeff!!

[@jimjones3482]

Really great discussion! Jeff is an amazing person! I hope the audience follows through on his advice.

[@yohan9747]

Disappointed he didn't get to mention the "there is no they, there is only us." Seriously, Jeff is my favourite Bitcoin speaker because of the way he humanise his opinions.

[@krzysztofflis1847]

Thank you for what you are doing here

[@mikes7946]

Jeff is my favourite Bitcoiner, a visionary. Just listening to him is puts you in a flow state. 🙏

[@bittriobtc]

Once you see it, you can't unsee it!

[@coldflu]

“Does anyone have a vote on wage deflation (inflation)?” Great question Jeff!

[@PFREE_21x21]

Thank you this was inspiring 🔥🔥

[@alextudor7838]

Awsome presentation by Jeff Booth😃

[@moilanea]

I'm looking forward to the turmoil that's guaranteed during this transition with hope and preparedness. Thank you.

[@suiteadditions]

Thanks for putting this up Tom & RS team. So sad I missed this event. Food for thought. : $400 trillion in already insolvent debt instruments owned by individuals, corporations, institutions and sovereigns that will be seeking a safe haven in the coming years. Btc market cap is $0.5 trillion.

[@rockstarinnercircle]

We missed having you there Andy! And that is wild to think about. Interesting times ahead!

[@vontaylorco]

UN-FREAKING-REAL! THANK YOU FOR THIS, IT HAS CHANGED MY LIFE FOREVER

[@rockstarinnercircle]

Amazing!! Jeff is an incredible teacher.

[@jonp.1084]

Legend. If you are new to bitcoin, I would urge you to watch as many KZbin videos as you can of Jeff. He is an oracle into the future because of his unique background and brilliant mind.

[@OsherAstrology]

Beautiful speech 😀

[@Valueware]

Very insightful!

[@TheVelvetvoicecoach]

This is really helpful , thanks to you both.

[@rockstarinnercircle]

Thanks!

[@janetjacks3406]

Have literally only just discovered Jeff Booth from his recent debate with George Gammon, who I listen to a lot. It was a fantastic discussion to listen to which taught me a great deal and I could understand why George felt he was being realistic in his criticisms of Bit Coin, of which I know little. But I came away with enormous respect for Jeff, I could see he was beholding a great vision, almost in a none ordinary state of consciousness, which I thought was pretty special and want to find out more.

[@keepitreal829]

Thanks again for having jeff speak. Great job

[@rockstarinnercircle]

Much appreciated. Jeff is the man!!

[@addyinvest]

Nice work, Jeff!!

[@bojilek5633]

Big props to this brokerage. Wow

[@rockstarinnercircle]

Thank you! Jeff is incredible.

[@dieterstadler3581]

Excellent! Thank you very much!🙏🏻

[@dawnfirephotography]

Such a good presentation. Life-changing information!

[@rockstarinnercircle]

Yup! The way Jeff explains his thesis is amazing.

[@kevinpflug5846]

Excellent discussion. Thanks. y’all.

[@rockstarinnercircle]

Glad you enjoyed!

[@WalkerAmerica]

Really enjoyed this. I always love Jeff’s perspective and reasoned, level approach. I also highly recommend reading his book “The Price of Tomorrow” - it will change you and how you see the world.

[@rockstarinnercircle]

Yup. The Price of Tomorrow is game changing.

[@CarlosLebres]

Legend 👌🙌

[@jtee4103]

Enjoyed watching this. But still trying to understand will buying Bitcoin now benefit me in 10,20 years time etc?

[@doctorbryan954]

Jeff is correct about bitcoin. Incorrect about Copernicus.

[@jonathantoruno223]

does anybody know what he was talking about when he mentioned contributing to the network and earning fees?

[@popmop1234]

0:47: 🎙 Jeff Booth discusses the concepts of money, the economy, and technology and how they intersect in his book 'The Price of Tomorrow'. 0:47: Jeff Booth's book 'The Price of Tomorrow' breaks down the concepts of money and the economy in a simple and predictive way. 1:08: The current system and technology will have a significant impact on our future. 1:15: Jeff Booth emphasizes the importance of understanding these concepts for the next three, five, and ten years. 1:46: Tom and Nick, the hosts, are commended for their willingness to share information that may compete against their own business interests. 2:33: Jeff Booth aims to provide valuable insights beyond wealth creation or protection. 2:54: The presentation focuses on navigating humanity's greatest paradigm shift. 3:17: Historically, system problems cannot be seen or fixed from within the system. 4:04: Jeff Booth encourages viewers to challenge their perceptions and consider alternative perspectives. 4:49: 💡 The video discusses the opposing forces in the existing system and the new system, and how prices should be falling exponentially due to increasing technology and productivity. 4:49: Prices in the free market should fall to the marginal cost of production over time. 5:55: The value of certain things, like air and calculator apps, is not reflected in their price because their marginal cost of production is low. 7:31: Exponentially increasing productivity is critical in driving down prices. 7:59: The exponential function is important in understanding the impact of technology on prices. 8:40: AI has been progressing rapidly, but its exponential growth is often underestimated. 9:24: 💡 The video discusses the impact of artificial general intelligence on the economy and the need for inflation to sustain the credit-based system. 9:24: An artificial general intelligence robot is being developed that can perform multiple tasks better than humans. 10:19: The cost of running the robot is currently high, but it is expected to decrease in the future. 11:01: The abundance created by technological advancements should lead to lower prices and less work for humans, but it is not happening. 11:48: The credit-based system relies on inflation to prevent its collapse. 12:55: The global debt is already insolvent and can only be sustained through financial repression. 14:26: Inflation is considered normal in society, but it is actually a form of theft. 14:48: 2% inflation is accepted as normal to hide the theft of wealth from individuals. 15:05: Higher inflation is required to make the debt solvent. 15:27: 🌍 The world is facing a theft-driven system that is causing inflation and inequality, leading to a breakdown of laws and democracy. 15:27: Technology is deflationary and should provide abundance, but we live in an inflationary system that would collapse if technology was allowed to prevail. 16:48: Money is more powerful than laws, and when money is broken, laws break down as well. 17:25: Regulations meant to protect money from being stolen are ineffective in a system designed to steal wealth. 18:53: Inflation and hidden repression steal wealth from the middle class and poor at an increasing rate. 19:07: The political action in democracies is often just theater, as the control of broken money determines who gets to govern. 19:51: Countries with higher inflation rates tend to become more authoritarian and dictatorial. 20:09: 📚 The speaker discusses the interconnectedness of global economies, the impact of inflation and wage deflation, and the need for a new financial system. 20:09: Inflation and wage deflation affect economies worldwide. 21:13: The current financial system relies on stealing time and energy from individuals. 22:58: Money is a broken ledger that perpetuates misinformation. 23:21: Chasing more money only strengthens the broken system. 23:59: The pain and fear caused by the broken system is consuming and leads to scarcity. 24:24: The media and algorithms reinforce the broken system. 24:46: The speaker wrote a book to prevent his children from growing up in the predicted future. 25:02: A new financial system is needed to address these issues. 25:19: 🌍 Bitcoin is a decentralized and secure bridge that measures the truth in the world, as it adheres to economic laws and prices fall to marginal cost of production. 25:19: Bitcoin is a bridge that moves to the other side of the world and is decentralized and secure. 25:34: Bitcoin measures the truth in the world as prices fall to marginal cost of production. 25:51: Bitcoin's fixed monetary units make it a reliable measure of value. 26:07: Bitcoin's price reflects economic law and is not influenced by currency debasement. 26:27: Bitcoin's abundance is flowing to anyone in the network, and an ecosystem is building on top of it. 27:36: Bitcoin offers a positive and hopeful future for mankind. 28:22: Bitcoin is re-pricing everything, including housing and asset classes. 29:30: Our actions and beliefs shape the future we want to see. 31:20: 💡 The speaker discusses the evolution of a new system and the importance of moving towards a system based on truth. 31:20: The speaker compares the transition from Sears to Amazon to the current transition towards a new system. 33:34: The speaker emphasizes the need to move more energy into a system based on truth. 34:14: The speaker encourages viewers to understand that the value of Bitcoin goes beyond its price in fiat currency. 34:50: 💰 Bitcoin's decentralized and secure network effect is disrupting the existing centralized system, protecting labor and wealth from debasement. 34:50: Bitcoin's network effect is decentralized and secure, ensuring labor and wealth are honored. 35:05: The transition from the old system to Bitcoin is more than just price speculation, it is a fundamental shift. 35:38: Network effects in technology stocks drive 70% of their value, but they centralize and exclude certain people. 36:18: The US dollar's network effect makes it stronger, even with inflation and wage deflation in other countries. 37:20: Bitcoin's decentralized and secure protocol creates a network effect that grows stronger as more people join. 37:54: Bitcoin's growth rate is similar to the internet in 1996, with additional layers like Lightning growing even faster. 38:41: Bitcoin is a monetary network where the value of everything created collapses into it, making it more than just communication. 39:00: As more wealth and savings are exchanged for Bitcoin, its network effect disrupts the existing centralized system. 39:44: 💡 The lightning network is growing rapidly, allowing for quick communications and transactions on the Bitcoin network. 39:44: The lightning network has grown over 1,200% since August 2021. 41:13: Entrepreneurs are building innovative applications on top of the Bitcoin protocol. 43:12: The lightning network allows Bitcoin holders to earn transaction fees by contributing to its liquidity. 44:02: 🌍 The adoption of blockchain technology and decentralized networks has the potential to revolutionize the global financial system, reducing costs, increasing efficiency, and changing economic incentives. 44:02: Blockchain technology allows businesses to transact without relying on traditional financial institutions, reducing fees and increasing control over assets. 44:20: The adoption of blockchain technology is already happening, with companies creating SDKs and liquidity service providers to facilitate decentralized transactions. 44:59: Decentralized networks offer safer, faster, and cheaper transactions, with fees significantly lower than traditional networks. 45:38: The shift towards decentralized networks threatens the monopolies of traditional banks and financial institutions. 46:20: Governments may be interested in central bank digital currencies (CBDCs) to maintain control over financial transactions. 47:11: Regulation of AI and taxation of robots may be proposed as a means to control the rapid advancements in technology and protect existing monopolies. 47:24: The existing financial system has left many people feeling left out and vulnerable to economic collapse. 48:09: The adoption of blockchain technology and decentralized networks requires individuals to do their own research and due diligence to fully understand the implications. 48:32: 📚 The speaker made a mistake by not buying enough books as props but thanked Jeff and Nick for their help and emphasized the importance of actions. 48:32: The speaker wanted to buy more books as props for the stage. 48:36: Jeff will be outside in the lobby to answer questions. 48:36: There are only nine copies of Jeff's book available. 48:57: The speaker thanked Jeff and Nick for their help. 49:04: They first met on Twitter three and a half years ago. 49:12: Actions matter and can touch people's lives. 49:22: The speaker is grateful to be with someone whose actions matter. Recap by Tammy AI

[@msin148]

Dumb question. Is it possible if future retirement payments can used to buy current Bitcoin?

[@ralphykr00gz]

is the sound off for anyone?

[@hairygreybox5797]

👏🤟💥

[@BTC256]

Yesterday arguing with a friend that Bitcoin is the only money that is not inflationary… now I get suggested THIS masterpiece 🚀

[@rockstarinnercircle]

Perfect!

[@msin148]

Jeff, You should invite bankers to debate you :-) publicly.

[@ryszardmacko6306]

Just to make sure, all got this piece of info correct, Galileo mentioned Copernicus - Nicolaus Copernicus: en.wikipedia.org/wiki/Nicolaus_Copernicus who was the first one to declare that Sun does NOT revolve around the Earth. Cheers!

[@tomaszg1050]

The Bitcoin GOAT right here

[@user-nu9zv9bq3n]

I get the bridge analogy. However Jeff should discuss that the government won't create blocks for Bitcoin after you try to function with it. That government won't cross the bridge looking for investors.

[@travisprice1325]

When he's talking about no risk rate of return... there is absolutely risk.. also, Cardano already has bonds. Also, what if I could then take that BTC on the lightning network and take a loan against it, but not lose the equity share that let's me earn the yield? So if I bought more BTC with my loan, I would compound the about of equity I would have on the network? All with a network/governance system that makes it truly given to the users of the network? BTC is great as a store of value, but ADA is already surpassing it in almost every way.

[@lastnamefirstname2390]

Clown 🤡

[@coldflu]

Fiat debt incentives a few. Bitcoin incentives all.

[@warrenb2856]

Real estate investors are really similar to bitcoin investors. Real estate investors intuitively understand they need a store of value. Real estate is really good as a store of value. If you have real estate you don't "need" bitcoin, you already have a store of value. Real estate is really easy to understand, bitcoin is not. Do not buy bitcoin until learn about bitcoin (probably at least 100 hours study). Why do I say that. When bitcoin drops 60% or more in value, and it will. If you don't understand bitcoin, you will sell your bitcoin and lose money.

[@S54VR6]

real estate is only a store of value in a fiat world.

[@ExpensivePizza]

As someone who understands Bitcoin pretty well I agree that you absolutely need to do the work to learn about it before having a large allocation otherwise you'll get shaken out by the volatilely. However, I will also say that it's worth understanding Bitcoin even for a real estate investor. For the record, I own both but it wasn't until I started to see the world through a Bitcoin lens that I really understood why real estate goes up (measured in dollars). As Jeff says in his talk, it really is a better measuring stick.

[@funkyseven19]

As a Bitcoiner I 100% agree. Study Bitcoin and stack and you learn. As your confidence grows your percent allocation will grow, and during a crash you will understand that not only do you not sell, it's on sale and you buy more

[@sketterkid]

I need to see this guy's investment portfolio lol

[@kenuchaccordionlessonsintr6003]

who's Truth? Not sure where this Bitcoin is going Movement or a monetary Asset??

[@newdawnrising8110]

If this is a more powerful and honest system then why isn’t China pursuing this instead of just another monetary system. 😮😮

[@memeuchiha115]

bitcoin can only work on the old system, bitcoin is not a separate system or a bridge it is the lock that will lock us into the current system

[@benbuietv]

No one talks about the biggest looming problem with bitcoin which is governments control of money

[@benbuietv]

In other words, the government could try to shut it down

[@lastnamefirstname2390]

​@benbuietv no one and no government can shut it down

[@benbuietv]

@@lastnamefirstname2390but the can outlaw it, which would have a significant impact on the value of it

[@supercal333]

What would have happened to the world if governments were not able to print money during covid? How will a bitcoin world deal with global emergencies?

[@lastnamefirstname2390]

Those emergencies are a result of money printing. The system is inherently unstable. In a Bitcoin world, there will be no boom bust cycles. The system would be stable.

[@supercal333]

@@lastnamefirstname2390 You didn't answer my question about COVID or any other kind of global disaster. We need to be able to print money on rate occasions.

[@lastnamefirstname2390]

@@supercal333 no you don't. Printing money exacerbates problems.

[@austinbates7374]

My issue is you could make thousands of other ledgers that have no more value than bitcoin except "choice" there is no intrinsic value. It can be repeated as many times as anyone wants. Why would the world accept bitcoin as its money?

[@ExpensivePizza]

Jeff talked about this, Network Effects. Monetary networks gain value as more people join. There have already been thousands of attempts at creating a "better Bitcoin" and all of them have failed. It's a lot more challenging than you might think. It's not just a matter of writing the software, you also need to convince people join the network. The value comes from being the only fully decentralized, open, worldwide monetary network and protocol. That's really, really difficult to replicate. It would be like trying to create an alternative internet.

[@MetaPhysStore0770]

Living in a very poor area of southern illinois, i can say ..."laws do not break down when money breaks down" this is the flaw in his ideas. I see lots of communities that operate just fine with little money, like the amish, meninites, and other margin groups, the native american groups, the single mothers, the rural poor, are all surviving and reproducing with little fanfare. There was a native american civilization in north america for thousands of years without money, money is not related to laws, correlation is not causation.

[@John-wf5if]

Bitcoin is too hard to use. When will it be injected in to all our daily lives to the point we can use the network/the asset without knowing it? Seamless and easy use.

[@jimjones3482]

Listen to Jeff's speech again. It's still early days. It's there and can be acquired by those that put in the effort. In a few years it will be much easier to use, and much higher in value.

[@gehrhardtschneider]

Replace the word 'Bitcoin' with 'Internet' and imagine that you're in 1997. You have your answer.

[@John-wf5if]

@@gehrhardtschneider Appreciate the reply. I guess this could be true, and I hope it is in many ways, as society clearly needs an alternative to fiat money and the subsequent fiat thinking.

[@John-wf5if]

@@jimjones3482 I did listen to all of it. I grasp it is early days, but it strikes me that time is of the essence and if Bitcoin cannot become useful to many people soon, then it will not have enough supporters to buttress the inevitable multi-Government attacks it is on the precipice of.

[@todmann67]

It’s used regularly in South American countries to buy everyday stuff. It’s not too hard to use.

[@andrewquin5365]

We donot have exponential technology look at 747 jets Evs etc not exponential

[@patrickj6305]

Isn’t the BTC endgame just the very wealthy accumulating the highly scarce and fixed supply leaving the very large majority outside this new system and even much worse than FIAT? What am I missing?

[@gaeldesmontagnesnoires1711]

Bitcoin .. there's ONLY Bitcoin.

[@vindiesel5466]

Didnt satan klaus say the same thing "The future doesnt just happen it is created by us"☹️

[@newdawnrising8110]

The banks are thinking shut it down. What is going to keep governments from shutting bitcoin down?

[@ExpensivePizza]

Bitcoin has been around for 14 years. People having been saying that banks and governments will shut it down the whole time. So far, they haven't been able to do it. Bitcoin is worldwide. Getting all banks and all governments to coordinate and cut access to it is near impossible. Even more importantly, there's a game theory playing out. Some countries will try to ban it while others embrace it. We can see this happening already. Those that embrace it will outpace those that don't. That's just my thesis. You have to come up with your own probabilities and allocate accordingly. Nobody knows how it will play out, but you can assign a probability to each scenario.

[@lastnamefirstname2390]

They cant.

[@mgsmith4]

"tHe panDeMiC"

[@itssteve6018]

You missed Jeff's point.

[@eddiebeer4516]

Cars will never work.... Man wasn't meant to fly..... I'll stick to snail mail....

[@jeffmofo5013]

False equivalency. He is making the assumption that Tech is valuable. What are hte most valuable things in life? Food, Water, Shelter. What are the most expensive things in life? Food Water Shelter. You may think food is cheap but it follows the debt/inflation You may think water is cheap but it is the BIGGEST political argument, who gets what access to fresh water. His false equivalency is that he's focused on Tech and thought tech is the center of the world. Tech is the equivalent of entertainment. We can live without entertainment. We cannot live without food water or shelter. Inflation is a problem, but it has nothing to do with tech value going to zero. Second, it has nothing to do with bitcoin. Bitcoin is not a hedge against inflation. And it's DEFINITELY not a FIX for inflation. Bitcoin is just a representation of the cost of electricity. Proof of work. Perfect example. Gold. They side stepped gold. And they will side step bitcoin. I've been trading bitcoin since 2015. I'm not saying to not invest in bitcoin. But it's an investment. Treat it as such. It's not some savior.

[@johndrake3472]

Not a great speaker, but one hell of a thinker.

[@GG-lm9ik]

if bitcoin is truly a good and honest system, as you say it is, then no one will benefit from it in a ridiculous way. Like becoming a multi millionnaire overnight, because they invested at the right time. It would simply be something that we switch over to and bring our present net worth with us.

[@Noname73817]

everyone gets bitcoin at the price they deserve

[@wilsonbennett659]

The right time to invest in Bitcoin is once you learn what it is, in your case that is now because it is not a get rich quick scheme that many have found out. Bitcoin will absorb alot of the wealth created through misallocation of central bank money printing. Bitcoin is still in its infancy and emerging as a global monetary reserve assest on its long journey to become the global reserve currency.

[@mattryanflores]

Bitcoin changes the incentive. It's an honest ledger, something we don't have today in the USD

[@bitcoindaddy1]

5 years ago, if you measure median price home in btc, it would cost 90btc, today? 12-15. In USD terms it would cost 150000 more currency units. Prices are falling in btc terms

[@bitcoindaddy1]

@@mattryanflores ⁠exactly! If you know that lambo or mcmansion would devalue 50% next year and 99% in 5 years, would ppl even buy a lambo? Capital would be deployed where it best improves society

[@todmann67]

That robot is fake. AI is fake.

[@dmach83]

26:50 is when this entire room of real estate peeps felt the brute force of btc…. Truly a 🫳🏻 🎤 Moment…… Stay humble and stack sats …. 🤝 🫡 Edit to say: thank you Sir Booth

[@terrymcanalen3031]

I'm sceptical as hell with people who are new to me. KZbin feeding me Jeff Booth today is a gift. He ticks the correct boxes of the right stuff concerning economic liberty. Another great contemporary strategic thinker is Tom Luongo, Bitcoin, Gold, Goats and Guns . 🪙💰🗽