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Jeff Booth
83e818dfbeccea56b0f551576b3fd39a7a50e1d8159343500368fa085ccd964b
Entrepreneur, Tech Leader, Author of The Price of Tomorrow - Why Deflation Is the Key to an Abundant Future, GP @EgoDeathCapital

Thanks Clay - there are so many incredible people in this space who I owe my own development and learning. We are all connected -

We are all Satoshi.

Really enjoyed this conversation with Robert Breedlove on some of the implications of #Bitcoin on human consciousness over the longer term.

https://youtu.be/PiSsxVM0B-U

Replying to Avatar Gigi

“Ripped from standing, doesn’t believe in chairs” - 😂

Stay safe out there:

Accounting tricks to pretend losses don’t exist only work if manipulation of money is increasing fast enough to keep the ponzi going!

#Bitcoin

The cost in the case of an economy is by removing the ability to fail, incentives become broken, sending a signal to ensure that you get big enough to warrant a socialization of losses at the taxpayers expense….leading to a far bigger collapse later.

Yes, in context of the greater ecosystem, but the inter connectivity is hard to see and it comes at a cost. If the cost is removed - ie - apex predator of wolf in Yellowstone, ecosystem fails.

Small (seemingly unconnected inputs) can lead to dramatic outputs.

“False” stability leads to greater instability.

Yes, but I find for most people unaware of that effect, it just easier to explain the process and that the other side of the coin on inflation is wage and savings deflation. And then ask - who wins and who loses?