Jeff Booth: Technology, innovation, a free market, requires a currency that allows for deflation. It requires it! Because every other path concentrates wealth and power! Is that fair? Every other path concentrates wealth and power manipulation! So today where we are in technology, it’s a requirement of any monetary policy that it allows for deflation. Otherwise you concentrate wealth and power. Now go to the next level: what is the most likely candidate to drive that change? The most likely candidate — look at already how fast #Bitcoin’s growing — is the candidate that is a forcing function from outside the system. It is a forcing function to that change! Will there be a whole bunch of stuff in the existing system that tries to protect it? Like Blockbuster adding candy aisles to their stores? Yes! Can it solve the problem? No! So I know what bet I’m gonna make!
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