Some of my notes from recent #[0]​ podcast with #[1]​ Bitcoin is unstoppable:

Do you/we want a world based on truth or based on stealing? - Jeff Booth

Why is the system built on stealing?

Because:

1) the price of goods and services move to the marginal cost of production over time (calculator example) and that cost is falling exponentially

2) we live in a system that is creating a debt which allows the “elites” (those too big too fail, the politically connected/protected) to steal from society the value that technology is creating.

3) the debt is so huge that the system is actually insolvent, but we pretend it is solvent. Individuals and small companies are racing to stay solvent, but the “elites” are always bailed out so they are actually incentivized to take on more debt.

4) the creation of more monetary units for more debt cause inflation which is wage deflation for the “non-elites”

5) we are all so used to the system, that we don’t see it, and it is hard to accept this concept 6) the parallel system is a world of continuous deflation. Bitcoin is a deflationary monetary technology that is the basis of this parallel system

Did I get the basics right, #[2]​ ?