New interview with #[0] where he said it finally “clicked” to put all the puzzle pieces together.
Hope it’s helpful for others in these confusing times.
Discussion
Any valuable features discovered in shitcoins will be rolled into lightning eventually and the shitcoins will be flushed.
‘Technology is deflationary, deal with it’ - Jeff Booth
Thanks Jeff. Your perspective has helped me so much (many others too) , but now I can’t unsee it😉. #truth
🙏
Looking forward to listening.
Just watced it #[2]. Definitely helped!
Looking forward to getting into this one #[2] 🤙
He said puzzle 🧩 😆
Great discussion. What gives you confidence that your thesis will play out the way you say in the chat with Peter?
If you’ve read the book, or articles listed on jeffbooth.ca written at various times, they all seem to be predicting other events long before they’re happening. I believe it’s b/c my model is correct and therefore what is happening (and will continue) doesn’t surprise.
As long as #Bitcoin base layer isn’t compromised, everything else is inevitable (timeframe unknown)
I believe the human mind is a prediction machine and we can strengthen that ability through use. This ability can be honed over the years through making predictions and then noticing how accurate they were and adjusting as needed. However, since the mind is also in the business of protecting itself, we must either make these predictions public or write them down so that our minds don’t rewrite history to justify incorrect predictions.
I believe #[4] has added this super power to his skill stack!
People have made a career of making predictions and forecasts and no one ever goes back to check if they were right or not
True. People tend to forget and move on. I’m suggesting this is more of a personal ability. I’m doing this more in my life - verbalizing, recording, and keeping track of my predictions. The hardest part is being honest with myself! 🤣😂🤣😂
🙏Reading The Greatest Game now.
If everything had a Bitcoin price along side of the fiat price we would be much further along in adoption.
Just about to finish the book today, or tomorrow. Really looking forward to listen to it! The doubling theory made my head spin, cool stuff 😉
How many times do you think you’ve said “prices fall to the marginal cost of production” over the last few months? Keep hammering home your message #[2] It takes the rest of us a lot longer to see the world the way you do.
Excellent podcast 🤙🏻
How come the cost of energy hasn’t gone down? My guess is either because we’re using fossil fuels, semi scare asset or production is controlled by big oil and
/or OPEC?
Loved it! Thank you guys
Maybe one of these days it will click for me. I just can’t see how we avoid a form of basic income. Wether it’s on Bitcoin or fiat.
Thank you Jeff!
A good refresher of where the true north is.
Jeff, you didn't get to comment on the chokepoint 2.0. Did you want to say "we haven't seen nothing yet" ?
Yes, I believe it could get worse. Paradoxically though, it would only make #Bitcoin stronger.
I’m half way through. Great stuff. Thanks.
Jeff, I’ve followed you for years but never really taken the time to understand your thesis. This weekend I watched that interview half a dozen times/read your Greatest Game article. Feel like my entire economic framework is under construction. All of the pieces of data over the years are seemingly coming together in a way I understood intuitively, but could not articulate. Appreciate ya
Thank you! Paradigm shifts are hard for the mind to grasp because we naturally update our existing models versus think at first principles. That’s why I “try” to stay above the noise. Mostly, it’s just a normal process of a system and mind change that will take time for people measuring from the wrong system to fully understand and appreciate.
Awesome content! Thanks
You rewired my brain @jeff. Now my ARK invest Big Ideas 2022 report looks rather goofy.
Must watch. And I never say that. His concepts need time to be digested... but let them percolate... ☕️
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Listen, learn, upgrade your thinking
This is in direct opposition to the Austrian school, which realizes prosperity excretes only from win-win exchanges.
If you expect your 'money' to be worth more next month, you are less likely to hire Johnny to mow your lawn this month, costing Johnny his income and costing you the opportunity cost of mowing your own lawn.
Deflation discourages exchanges and encouraging HODLing, which is a completely opposing theory.
You haven't quoted Silvio Gesell yet.
Look forward to listening!
Thanks Jeff! Super helpful. Like you I am going to spend as much time as I can in the Bitcoin ecosystem. You do a great job of explaining why the fiat system is doomed and why everyone will eventually migrate to a Bitcoin standard with early adopters (Bitcoin & NOSTR etc) gaining 1st mover advantage. I'll be re reading the Price of Tomorrow as well. Thanks again for all you do in the space.
Thank you for enlightened me🙏
Clicked for me on this one after listening to you describe deflation and effect on falling prices through a bitcoin lens.
Just on the Audible Price of Tomorrow now while painting in the studio.
🙏🏻🧡
It's truly remarkable how hard it is to understand a paradigm shift as big as this. Because of the way you deliver this message, I never get bored at listening to interview after interview of you saying the same thing over and over. Every time I feel I'm learning something new.
It's just crazy how much we reinforce our own mental models, once the penny drops we don't slide back into short cuts (old habits) and give our energy to the existing system.
Rest of us dummies are slowly catching on.👏
B