18 Burst results for "Jeff Booth"

"jeff booth" Discussed on The Pomp Podcast

The Pomp Podcast

02:00 min | 2 weeks ago

"jeff booth" Discussed on The Pomp Podcast

"Before. I let you go work. We send people to just learn more from you right. So i know you've got the book under the you've done a bunch of content but when you when you meet somebody on the street and they say a year interesting guy. You've got some interesting ideas. Where do you send you as robert. I send to press them. So the This wasn't. I wrote the book because it was the price of tomorrow. Yeah because i cared about this problem and i cared. I did a lot of research and cared about the problem. And so all still right things. Put them out. But i don't need to be at again. I didn't do it to be seen or anything else. Most of my time is actually in in the businesses. Everything else that. I really really enjoy so my perfect world. A whole bunch of other people take the mantle and that's the beautiful thing about. Bitcoin is her some crazy. Smart people in this In this community and and if you have an important message at the ill be shared. It'll be broadcast so for people who follow a lot of them pump. The you do a great job here and so many of the others. But i would just follow it for for people i would go onto bitcoin. Twitter follow bunch of the top people and they'll point you to other top people because they're not trying to control all the thing to make themselves look good. Typically they're trying to share the best information they as a great piece of advice and the people can buy the book on the just amazon's probably best jazzy. Jeff bezos taken all our money. What is your twitter account at. Jeff booth all right. Thank you so much for doing this. So i think everyone learned a lot so we'll have to get thanks..

amazon Jeff bezos robert Jeff twitter Twitter tomorrow
"jeff booth" Discussed on The Pomp Podcast

The Pomp Podcast

04:58 min | 2 weeks ago

"jeff booth" Discussed on The Pomp Podcast

"You're not wasting your time on this treadmill and the externalities of that change means you get things for for last. It doesn't cause the damage to the environment to if you're talking about he s g. Yeah when you think about the transition is it. The bad stuff has to happen in order to create the transition. Is there some sort of carrot. That can be put out there of esp or Dampening the wealth inequality gap. or you. Name your kind of thing that people care about that. Bitcoin does fix or solve or is it just doesn't matter and there has to be a blowing up of the will of the existing system and the example that i can only think of is like the burning of the boats right the whole example of when people would come to the united states. Go looking for land or else. They would literally burn the boats. Because we're not going back. Got me work. Is that some element of like the only way to actually make the new system Excetera is the burning of the boats and that means the old system has to kind of have a catastrophic event again. It's going to have a concert. It's had lots of catastrophic events it's going to have catastrophic events that's for sure but when you see it has had catastrophic events is two thousand and eight financial crisis a catastrophic event your is it is because because of what it did to free markets. Okay right it changed the rules. Essentially is essentially. it said. there's no consequences for bad bets. If you're high enough in the i if you're high enough on the there's no consequences for bad bats if you're low on the ladder and if you take too much of a loan we're going to wipe out but if you're high enough there's no consequence that's what it said Which is the same thing is happening today. So a agreed. And the two things i think you and i see eye to eye on for sure was during twenty one. You're bailing out. Bad businesses were bad capita allocators. They took risk. They got caught. Why are we giving them money. Basically taking bad money and chasing you'll even more money to was you can say you're handing out money to people all you want. Okay if you're handing out one hundred dollars twelve hundred dollars or whatever. The number is you're going to drastically increase prices that are completely offset and actually make it worse than handing the money out right and so.

one hundred dollars twelve hundred dollars twenty one today united states two thousand eight financial crisis two things
"jeff booth" Discussed on The Pomp Podcast

The Pomp Podcast

03:58 min | 2 weeks ago

"jeff booth" Discussed on The Pomp Podcast

"Time And it ran up in price for some time in that. I don't think it would work out. I think it would centralize again. I think that's exactly what would happen. But i understand br. I would understand the rationale to try to find something. I could send her us. Deep thoughts around proof estate proof of work in kind of the centralization of proof stake in just like the rich control. that's that's why. That's that's why i i. I think bitcoin is the only system. That's actually. Why is such an important thing for me right now. I'll sound like a fanatic or were zealot on this. But that's actually why it's so important if you believe in open free markets. Believe you have to do everything you can to make bitcoin successful. Because i think it's the only thing that both has the scale and these can be taken by governments so there's potentially other coins that could be regulated faster but it but bitcoin both has the scale so governments didn't see it fast enough and now it's in the hands of a whole bunch of people tens of tens of millions exactly and so let's just take the downside the tens of millions of people those people aren't going to give it up and at and more and more people are kind of learning what we're talking about now and coming in and holding and holding as so yes there's a whole bunch of people trading s. There's a whole bunch of people That that are in and out in and out but the the hodler's and and people that are whole bitcoin and understand what worse worse sourcing don't think that is ensure we get more people onto at for that reason and you're going to have decentralization forever. You're going to have a currency that empowers human beings forever or i don't wanna say forever of quantum you did different chain but is it is it is it might be humanity's greatest invention and i went when i say that i know full. Well people will say on twitter and everything else. When i when i look back and printing press and internet internet and everything else but we have a habit of building on top of other great inventions and the next greatest and and in information creates more information and more error correction on that information and and and and this This is a huge breakthrough. I think if he looked back at the printing press and that in the time in the printing press when it was invented people wouldn't have thought that was a great invention against other inventions at the time too. So i think that's that that's a level as playing at fixing money forever you described. Espn is kinda nonsense in terms of fiat currencies and and some of the goals describe a little bit more. What you mean by that. So i won't be careful with nonsense because i'm in some companies and i am chairman have three different companies that are doing a whole bunch in in Less carbon or climate change or things that are involved in the exactly but but not not not washing greenwashing not a virtuous exactly exactly real companies that have created technology impact that that lowers costs and provide provides benefit So so and so. There's an economic benefit to drive the drive and so the growing really. Some of these companies are growing really fast as a result. Hey exciting so it's not. I'm not a climate change denier and everything else but.

twitter both tens of tens of millions tens of millions of people Espn three different companies bitcoin
"jeff booth" Discussed on The Pomp Podcast

The Pomp Podcast

03:52 min | 2 weeks ago

"jeff booth" Discussed on The Pomp Podcast

"Just do a bad job. Like how do you kind of see from where we are today. Walk me through maybe not line but just like you know twenty five fifty years from now. What does that path look like. So i wrote an article Called the greatest him man is worth because it lays out this path On on what happens by the way it's not a foregone conclusion. I think there's a high high probability bitcoin i think. It's unstoppable at this point. But i understand all the flood and why why people would want to try to stop it and and if you think about kind of attack vectors on on vic bitcoin whether it's s g everything else which are complete nonsense. We can go into those. I understand the attack factors for the centralization. Why why there's a bunch of people in power that think that this is a really bad thing and it's not a bad thing it is the best but then i put on. How do you stop. Technology that puts in empowerment in the hands of people empowers people really hard to stop especially at the size of asset class. Had already is and how it's already built into the rails so i suspect the network effect that's happening on bitcoin to to to change a lot of people's views and and it it be a forcing function for for what we talked about than the existing system overtime early people on people coming on now and holding our huddling now will get more of the share of the gains on that distant into the future into in into that. Here's a question. I'm often asked said well. Wouldn't you just create new winners. Losers as interesting to think in a free market on bitcoin the only way to hold. Bitcoin is produce value for others the only way to gain bitcoin so otherwise. So if you wanted to to manipulate control then by doing so you're distributing your bitcoin to others and you lose control so so it is it's congruent to where technology's taking us humanity. Everything had else in my mind and i think Going through all of the movements kind of they We have a short-term bias. Right we all do and we were recency bias and and so we'll look at okay today. It's inflation oh yes gonna be inflation forever. The governments are doing this. China's doing this is going to be all over the map and i would expect volatility through out this time in on on the way other side way less volatility in the in the asset class. But i don't think there's anything governments can do to stop it at this point. I even cautious saying this on a podcast. 'cause i think about what i would try to do. If i was desperate to stop it. I would try to make some other coin more popular that i work so so so i. I don't think we should decide. I don't think we should discount how powerful the existing system as on our lives currency an and and so so. I know a whole bunch of people in bitcoin would not let it work but but if if if if government went into theory. I'm thinking i could control this.

today China twenty five fifty years the greatest bitcoin
"jeff booth" Discussed on The Pomp Podcast

The Pomp Podcast

05:37 min | 2 weeks ago

"jeff booth" Discussed on The Pomp Podcast

"Market isn't perfect but it is the best system. It is the best system at two today. So that is the path of centralization. That's what a look like. And so the people closest to the government similar to it looks like today kept more of the games. Can everybody races into the government to to protect that. If you looked look at russia or china look at look what they look. What economies like that. Look like if you want that here you'll you'll want centralization fervor have used an example of what is the difference between the person who is the blue collar worker at a corporation wants to move up the ladder right. Get more into a position of power for economic gain. And kind of egotistical return on having control and power and also and a regular citizen whose essentially the blue collar worker who wants to move up into some sort of position of government power ramos it very similar of of of mechanic now as we go through this transition. There's this belief that Centralization is back. I think you and i both would agree with that. And i think history would suggest that that is definitely true. historically there's been Maybe a line in the sand. The government was responsible for some portion of our lives Whether we wanted it or not. That was just part of what they did but it does feel like it is becoming more and more expansive in there a mandate right in there is and so now all of a sudden our monetary policy is becoming politicized in in a lotta ways. Maybe it always has been just wasn't so obvious. But is that the natural progression also government power is it just kind of continues to creep further and further and further into your life and history suggests that eventually it is essentially plan kind of communist driven or socialist driven not not necessarily okay but but on the trend warrior on on on unsound money when when governments have control over money and can inflate the. That's that's where it takes you because people always vote for for us now. It's not so much that they're eating greedy. It's pure survive. So i think this so should housing be is number one. You'd ask us over the last twenty years one hundred and eighty five trillion dollars if you didn't if you didn't increase if you didn't create a hundred and eighty five trillion dollars. How would housing prices be as high as they are to probably not. If you didn't print as much money recently with housing and real estate look like it looks like today answers. No it wouldn't okay so a whole bunch of people one note of that bat now. Rents are low tire and a whole bunch of people lost out of that so a lot of the people that are demanding more money. I need a minimum wage to go up i need..

one hundred and eighty five tr today a hundred and eighty five tril china two both russia one fervor last twenty years
"jeff booth" Discussed on The Pomp Podcast

The Pomp Podcast

05:12 min | 2 weeks ago

"jeff booth" Discussed on The Pomp Podcast

"On as the system moves forward. Didn't when i grew up we wanted to save our money so he could buy more tomorrow in if in if if i saved money and there was a an event in everything prices fell. I actually took more of the gains right. That's how economy works. Risk risk return so today in the existing were worldwide essentially a no lose bat for for if you're a hedge fund and everything else or your bank you. Nope no problem. No there is no consequences of bad actors versus system that changed changes but more importantly to than more importantly than that is a lot of the things that we used to buy. As things are being digitized and those things so we used use the example records. Use the example of it. We can see that all around us but it's just starting so three d. Printing is going to change complete supply chains and around things like this in this office this table. Everything else and it'll be printed in your home and it's really all it is is. It's information that has been organized. Those atoms have been organized in a physical world. And that information is going to move from your head or a into three d. printer and it's going to be organized at your home and you're gonna have abundance In time that might take another ten years might take another fifteen years but that is coming and there's nothing that the existing system can do to stop. That could from coming in nate. Go up a level. The more they the more the existing system kind of inflates. What would irrational ceo do if they can't if they can't find if labor is going up in price and technology can remove that labor rational c. Hose going to to donahue exactly my favorite example. They've literally replace some of the cashiers with touchscreens. Yeah but that that's just start that's just starting and and by the way. Why do they do that..

ten years tomorrow today fifteen years
"jeff booth" Discussed on The Pomp Podcast

The Pomp Podcast

05:22 min | 2 weeks ago

"jeff booth" Discussed on The Pomp Podcast

"Whatever and he's kind of like laughing about it like seven hundred billion would be a discount compared to you know there's two trillion literally a decade later and then a bunch more. And so what will happen. This could stabilize things for a little. Not without the negative externalities but then the next the next will cost way more. Look it can tell me. Full-time there's any sort of economic uncertainty or chaos or any sort of disruption in the market of just prices. Go up it goes back to this idea of Being addicted right. The economy is addicted to the stimulus. It has to have it and every time it needs a bigger shot of the stimulus to see the impact that it needs and so used to get tens of billions you get hundreds and they got trillions eventually get ten plus trillion dollars. Tim's packages future. So one hundred and eighty five trillion over last twenty years before before covert before. When i wrote the book produced forty six trillion dollars of economic return globally. Now that it. Now it's gonna take a lot more than that to produce. More growth in the same thing is going to happen in other. It's it's just a shell game yet. So we've lost control of what the kearns is and that that is forcing people to ask wait if to make money at this rate. Why am i paying taxes. Why am i am and so is forcing more people. And that's i think what's happening. Bitcoin to is forcing more people to take a deeper look at their understanding of how the game is played and and why is the game played that way. Why would you is there. Some law is there some physics law that requires the game to be played like that. And then it was really. What's the new game or what's the future game. That as people go and look at nassau's questions they seem to be gravitating towards there is a differently. Deflationary type environment could be so. That's what i think it is. And i think that's the only way that's congruent with kind of humanity moving forward and and.

seven hundred billion tens of billions hundreds ten plus trillion dollars Tim forty six trillion dollars two trillion one hundred and eighty five tr a decade later trillions last twenty years before
"jeff booth" Discussed on The Pomp Podcast

The Pomp Podcast

02:45 min | 2 weeks ago

"jeff booth" Discussed on The Pomp Podcast

"And how many Photos you take and curate and edit and everything is self at it compared to what kodak and the entire industry look like before or or or an calmest measure. A used to spend. I remembered spending nineteen ninety nine for a record record. Or then the cd. There used to be record stores in cds. now. I spend ten dollars a month for unlimited music. These things are deflationary. And they're all around us yet. We don't notice it because we're that we're living in a system that's trying to eradicate those gains by the way. Those prices i said are with the inflationary impact. What would they be without it. So that's one of my big questions is. Let's say that There were somebody who was incredibly forward thinking incredibly intelligent maybe even came from the future and they were running a kind of all central bank activities and they decided you know what. I'm not going to play the game right. I'm actually going to allow technology to run. Its course and go into this deflationary environment. What would be different about today. If this had started in the seventies or eighties right is it. One dollar would be able to buy a whole house like like literally. The money would be so much more valuable and therefore you'd be able to exchange it for other assets is it that technology actually would be further along in our lives would look like the technology utopias you see you know. In sci fi movies would be different will even a canes who's ridiculed never everything else today and because a lot of his policies have been turned into what we see now can canes but he predicted in a nineteen thirty essay the economic possibilities our grandchildren that we'd be working fifteen hour weeks by now and again technology. Save time it. It technology does more for less and the output of that as you get more for less and your time increases and and and but because that hasn't been followed and because we've warped monetary policy to be able to stop that essentially were creating slaves right so a whole bunch of people on most wheels trying to To work harder and harder to get more share of the pie take take bigger bats more gambling in india comics to to to to to try to to try to outpace this devaluating devaluation of currency. That system can go on for a long time so you asked about. When does it stop it. Can i think people get confusing. And they think okay we're remember..

One dollar fifteen hour india nineteen ninety nine seventies eighties today nineteen thirty ten dollars a month one of my big questions kodak
"jeff booth" Discussed on The Pomp Podcast

The Pomp Podcast

05:48 min | 2 weeks ago

"jeff booth" Discussed on The Pomp Podcast

"So and what that means is the further. We go down this path because technology is not moving slower. It's it so again. Most of the deflation is in front of us. The further we go down the path the further we kick the candidate. The more we kicked down the can down the road and the worst consequences are. Is there a point in time or a milestone that you can't kick the can further down the road. I think most people generally think if they understand kind of even at an elementary Level okay oughta what we're doing with bailouts inflation and the stuff is we're just pushing the problems further ahead. Yeah we're making a little bit worse but At that time we'll address even here the federal reserve at times talk about you know. We're not worried about inflation in two thousand twenty when if inflation shows up we'll deal with it at that point. We have confidence that we'll be able to do that. Then is there a point where just there is no more kicking the can down the road and it's like d day like hey we gotta deal with it today and it's not pretty you've heard gradually then suddenly yes. Yes that's how markets that's how markets were can a lot of things don't i. I used that example in the book. I think we talked about it. Before a blockbuster nine thousand stores net flicks different way of different market and blockbuster Candy in their stores and had one of their best years because candy the year before they went bankrupt. So and it's it was awesome crazy crazy and you'd look at those executives and blockbuster how couldn't they see and that's what that's actually the most important part. It is not typically not bad actors. People trying to hurt you or anything else in this In in the system it is a system itself trying to do whatever it can to protect itself and and you could put any different president and you could put any different. The system itself is built in a way to to to reinforce it and the entire structure reinforced Reinforces that so requires a system change to get to the other side and i and and this has huge implications huge implications for actually how humanity moves forward and because because the consequence of continuing kicking the can down the road like this kind of raises up. You can see the homeless. You can see the so. Some people hurt by some people are help by an it puts the electorate in a spot. That will overthrow the government. And and and but but again overthrew the government thinking that it's a person and it's it's just a consolidation of power when you think about the system itself. It feels very weird that one the people who are in charge of the.

two thousand today nine thousand stores twenty one Candy
"jeff booth" Discussed on The Pomp Podcast

The Pomp Podcast

03:52 min | 2 weeks ago

"jeff booth" Discussed on The Pomp Podcast

"They have no clue because they live in the system. They measure their house prices by the system. They measure the food prices by the system. They measure everything by the system and they need in. That system requires prices to always go up forever in perpetuity because that system is built on credit and that credit that credit if prices start to fall would unwind. Because nothing's backing the credit it would keep unwinding and so if you loud deflation to happen in that existing system it unwinds the ground so you borrow money from me somebody money from you and everybody thinks the other person is safe but when it starts unwinding it's the counterparties move all the way go to all the way to the sound sand. There's nothing backing is just credit backing so credit in a deflationary system gets more expensive and can't be repaid. So that's really the that's that's really the problem with these two systems but they're diametrically opposed and so governments are doing. They're trying to print more money. Change the rules of free markets and become centralized markets essentially to print more money to pretend that system so works and says dramatic consequences. This entire credit based inflationary system. It's basically a confidence game to a point. So it's so again let's go. It worked and it drove a lot of value to society for of her longtime use other countries if you looked at the. Us other countries didn't it didn't work for in a house with the with the reserve currency. It worked drove a lot of value for the car. it just. It can't work going forward. What is the impetus or the kind of milestone that changes. It did work but now it can't so it always if you if you if you break it down into ask yourself. Why do i want my money to get be worth less. H here that that question kinda deserves an answer. Because i don't think personally. Any single person wants or money to be worthless each year but when they roll it up into your system. They think that that's a good thing so so i but but so inflation is just hidden tax so so governments. Don't want to tell you the truth about the services that you want and what they need to pay for them so they hide it into an inflation so because tax rates would go way higher Without without inflation so inflation is a hidden tax. But it's a hidden tax on the most vulnerable part of society. So it's it's for somebody like me with lots of assets. It's i it's a windfall. The deck gets less less in the assets. Go out my rents. Go up on houses and everything else. It's a windfall will you're describing roof just for people who listening is there are we separate a population will say the united states and we break it into twenty percents. Top twenty percent next twenty percent of the way to the bottom twenty percent of americans. At some point there is. Let's say the top fifty percent have Investable assets they have non cash right where they store wealth the bottom fifty percent again general number. They don't have that and so all of their wealth is in dollars and what you're basically saying is that when the dollars are devalued. The people with the assets are benefiting. It's a good thing right. They're encouraging their cheering. It on the people at the bottom though. We're actually having the exact opposite effect. They're seeing their wealth. Hit harder and harder with that an invisible tax national becoming poor in..

two systems twenty percent each year fifty percent twenty percents single person united states americans
"jeff booth" Discussed on The Pomp Podcast

The Pomp Podcast

02:19 min | 2 weeks ago

"jeff booth" Discussed on The Pomp Podcast

"All right. We got a lot to cover. So let's start with the basics of inflation versus deflation. How do you describe that to people. I take pretty simple outlook. Can i just say inflation is when your money is worth less overtime. Goods and services. Go up in relation to your money and deflation is the opposite. Your money's worth more overtime and goods and services. Go down in value against. You're running the entire world. That we know today exist based on an inflationary system so the money is devalued meaning that good services the price of those go up over time pretty much common knowledge right and also accepted by the majority that that is how the system should work. I think you've got a very different opinion I tend to be sympathetic to your view of the world. But maybe just describe. What are the issues with that. Inflationary system and then why you think that there's actually a different system that could be better. We've always go. You're right we've always grown up an inflationary system and it's worked well for the majority of population. My parents house went up in value They paid back that debt with cheaper money that they earned more throughout their life and so on that path it sounded like a good thing we were taught in school. Inflation is required. And this is what some of the stuff that i explored in the book but then that system is bumping up against technology them so we've always lived in his system. We measure everything from that system that were in and then that system is bumping up technology wanting to bring down prices really fast wanting to do and what does technology do whether it's a ceo that puts technology into the company. Whether it's you using technology technology does more for less right no. Ceo technology in their company to make prices go higher. They do it to give you more for less or to compete an in an open market to to drive more value to you. You use technology for the same reason and so when you add up what's happening with technology bumping into this force of inflation that that is really manmade create created manmade inflation. That you ask. How could those two systems work together.

jeff united states first Booth second of tomorrow mar republic
Jeff Booth on How Inflation Is Stealing Your Wealth

The Pomp Podcast

02:19 min | 2 weeks ago

Jeff Booth on How Inflation Is Stealing Your Wealth

"All right. We got a lot to cover. So let's start with the basics of inflation versus deflation. How do you describe that to people. I take pretty simple outlook. Can i just say inflation is when your money is worth less overtime. Goods and services. Go up in relation to your money and deflation is the opposite. Your money's worth more overtime and goods and services. Go down in value against. You're running the entire world. That we know today exist based on an inflationary system so the money is devalued meaning that good services the price of those go up over time pretty much common knowledge right and also accepted by the majority that that is how the system should work. I think you've got a very different opinion I tend to be sympathetic to your view of the world. But maybe just describe. What are the issues with that. Inflationary system and then why you think that there's actually a different system that could be better. We've always go. You're right we've always grown up an inflationary system and it's worked well for the majority of population. My parents house went up in value They paid back that debt with cheaper money that they earned more throughout their life and so on that path it sounded like a good thing we were taught in school. Inflation is required. And this is what some of the stuff that i explored in the book but then that system is bumping up against technology them so we've always lived in his system. We measure everything from that system that were in and then that system is bumping up technology wanting to bring down prices really fast wanting to do and what does technology do whether it's a ceo that puts technology into the company. Whether it's you using technology technology does more for less right no. Ceo technology in their company to make prices go higher. They do it to give you more for less or to compete an in an open market to to drive more value to you. You use technology for the same reason and so when you add up what's happening with technology bumping into this force of inflation that that is really manmade create created manmade inflation. That you ask. How could those two systems work together.

"jeff booth" Discussed on We Study Billionaires - The Investors Podcast

We Study Billionaires - The Investors Podcast

02:44 min | Last month

"jeff booth" Discussed on We Study Billionaires - The Investors Podcast

"They i think are great honest putting out open research about different topics and they've kind of put out research about bitcoin energy usage and bitcoins energy efficiency And so i think it's one of those things where you can have soft or heart attacks where you know you kinda us one narrative to push another narrative And so has asked the question before an interview Do i think bitcoins energy concerns problem. I said no but that. I think the narrative around bitcoins energy concerns could be a problem and that was actually before you know e e lawns. Turn on this and this. I ended up being oddly specific example of how narratives around that can be a concern even though the lying technology energies in my view does make a lot of sense that that is exactly. I think what's happened if i talked to lotta i'm involved in some of espn companies. But here's the difference today in some of them they're hitting a point of inflection. Where where the cost competitive to existing in better cost. That's when espn moves. And again it reinforces the cycle. And so i come back to the principal thing. If that's good for you would argue that. That's good for the environment. A winning a winning a winning technology. It is both clean green and it's cheaper than their existing alternative and but but that that is more deflation and so i keep coming back to so you're going to print a whole bunch of money to be able to make prices go down more to be able to print a bunch of money. It's the so the system itself To lens point. I do agree with that. I don't i don't The the the attack vector becomes a lot of people believe Believe that bitcoin is a problem for energy is a problem for for the environment and that becomes the attack factor on on bitcoin. Let's take a quick break and hear from today sponsor these days it can be hard to find the time to sit down and learn more..

one today both those things
"jeff booth" Discussed on We Study Billionaires - The Investors Podcast

We Study Billionaires - The Investors Podcast

03:36 min | Last month

"jeff booth" Discussed on We Study Billionaires - The Investors Podcast

"Yeah because the importance of the network is far greater than price action I understand how price action is a part of it but at the real importance for for where we're going as a as a species is way more important than the price action doesn't say i'll second all of that and what i was gonna say when you're with your initial questions. I think that he to to look into lighting our work because no there has been a ton of development that on that would past couple of years we have a lot of. Obviously we have a lot of apps coming out there making use of it but also these the work that like lightning labs does not kind of busy provide a lot of those apps with the technology allows them to function are getting more and more network affects and usability in that our over time And you know it's one of those things where you know my base case that ilan just does know and that i think people give credit as he music genius anything he touches whereas now i will say use myself as an example i cover multiple asset classes a cover multiple stocks within equity universe let alone with multiple commodities are doing what central banks are doing. What different countries are doing. And so you know studying. Bitcoin over the past couple of years has been a large project to to spin up on and to be able to contribute. You know it basically educate other people on it and make sure that. I'm not saying stuff that i don't know any that busy. Involved a very large chunk of my time to really go down that rabbit understand it and in order of an wall doing that. I'm still balancing all these other. Asset classes that a monitoring for literally thousands of of readers and kind of maintaining awareness of that. And so for me when i got into bitcoin. Lightning was one of the things that i was aware of like a basically. It's i knew it solve certain problems by never you know that was one of the later things that i i kind of dove into you know after kind of getting the base layer figured out right. So if he's if he's he's you know keeping track what's happening at spacex what's happening at tesla and you know whatever happens in his personal life and then he's getting into into crypto currencies and bitcoin doj coin. 'cause now he's distracted doj coin and then you know so what degree has a research has he done for example on lightning and also has he spun up on the fact that he's basically presenting certain arguments or block size and things like that that have been debated for for like five years now by people that are that are deep into the industry and basically just kind of seems to lack a knowledge of history. About where some decision points or made how we got to this house. The different forks out as so. Yeah my base case that he just hasn't really spun up on that particular area In a way that that maybe you should before you know making a billion dollar investment in that asset class do all those things lynn but you also write in an encyclopedia on inflation on tuesday morning and blasted out well as an example of something that it took two weeks of writing that and you know it comes out on a tuesday morning that i don't believe it but but just build on lind's point and go to other people not not as deepen the bitcoin community who who have some of these same mistakes as they go through their journey. I would say i would say it's most. Yeah i'm including me going through beginning. Michael sailor look at his tweets on bitcoin before he before again conviction. So part of the thing as you start to go down to the sand you get smarter and smarter and smarter..

tuesday morning two weeks five years one tesla thousands of of readers Michael sailor one of those things billion dollar spacex one of the things the later things past couple of years lot of apps
"jeff booth" Discussed on We Study Billionaires - The Investors Podcast

We Study Billionaires - The Investors Podcast

04:53 min | Last month

"jeff booth" Discussed on We Study Billionaires - The Investors Podcast

"Listening to t i ip. Hey everyone welcome to our wednesday. Release of the podcast. We're talking about bitcoin boy. Things could not be getting more high adventure than what we're seeing in this space right now with the price action at the middle of april. We saw an all time high and bitcoin of nearly sixty five thousand dollars in as we're releasing this in the middle of may. The price has experienced a major correction. Clear down the forty thousand for the people not accustomed to an asset with this much volatility. I've tried to bring onto of the best guest to assist through the chaos and that's jeff booth inland odin during the show. We address many hot topics currently in the news from energy concerns. Centralization concerns speed of payment concerns the coin season that we're currently seeing how corporate boards might be viewing the volatility and much much more. I'm super thankful to linen. Jeff to record this discussion with nearly no advance notice. And i hope you guys enjoyed the chat listening to bitcoin. Fundamentals by the investors podcast network. Now for your host preston fish.

forty thousand Jeff wednesday middle of april nearly sixty five thousand dol middle of may preston fish odin inland
"jeff booth" Discussed on Adventures in Finance: A Real Vision Podcast

Adventures in Finance: A Real Vision Podcast

04:08 min | 5 months ago

"jeff booth" Discussed on Adventures in Finance: A Real Vision Podcast

"I did with max on real vision in january. There's a bunch of and says this age like a fine wine. Ns because if you understand what's happening in the system and what must happen from policies or probabilities. policy response. You know what's going to happen next. You know what's going to happen after that. You know what's going to happen after that. I mean that. As far as i say there's one reaction function which is printing more money. It's the only thing that i can do now. Even m. t. yes you might be able to increase generalized productivity in the united states by implementing the right thing but in the end you're still developing currency to do it and that's a hell of a trade often. It's unlikely in the current. I mean in relative terms to others. I mean the whole fit currency system because every in the same thing yeah but it but let's just take an empty so what were so. Monte is a response. I governments to from breaking capitalism's rules clovinger losing out. That can't pay for the bills. I forced out. I forced prices up. There's a whole bunch of people can pay for housing or medical or food and everything else and then and then they come back to the same government who manipulated prices higher in the first place. And say i need something so committee. Later prices higher in the for the the created in first place is a response. So it's to me that you're going to jump on mtv on top of this whole thing but it's going to help right. It is difficult at some point. Is the tent camp grade inflation for the same reasons you and i talked about so it has to be. I asked to be something like that in the politicians in control. But once you do look out you're gonna pass to hyperinflation and all currencies failing. That's what's that going out and there's this there's this belief that don't worry will event. The politicians will now increase interest rates and caused depression. So we didn't do it over here when the problem when the fire smaller. We didn't do it when the fire was really small because we can grow out of this forever by bennie more debt. Now that now we could create this massive fire. We'll do it over here when the fire is as big as the sun is just. It's just ridiculous is going to go through some industries. A few people also agriculture. You mentioned to it. You've got some experience in agriculture. Healthcare education bliss. Let's tackle agriculture to me about deflation. And i see because there's a lot of people whose like well the domus going down or i think there's inflation coming i wanna buy agricultural stuff and i'm like look at the trend over the last fifty years gone down and if you look at productivity up and up and up and crops overtime. What is your view on this. So i'm chairman of aboard called cuba and the company actually shouldn't be public announced lagaan. Csx soccer changing of public to too early. But i joined the chairman because innovation is so staggering and And what's and what's happening. And i can't get what's happening kind of public information. What i would say is in a backdrop. What is what is agriculture. Today you have of these long supply chains that are that actually are more fragile with whether dependencies as decides everything else..

january Today first place cuba last fifty years one reaction Monte united states mtv
"jeff booth" Discussed on We Study Billionaires - The Investors Podcast

We Study Billionaires - The Investors Podcast

02:40 min | 6 months ago

"jeff booth" Discussed on We Study Billionaires - The Investors Podcast

"Last question this comes from mia and if you were starting over today an entrepreneur. And i think mia just got out of grad school or or something like that. Where do you see the greatest opportunities in the coming five to ten years. There are so many opportunities just staggering. If you think about problems in the world about opportunities to solve problems for people and there's a whole raft of areas largely through regulation that have not been attacked by entrepreneurs solving things with technology that you can see what's happening in the fintech. Space right now is that the regulation is breaking down as a result will break down everything else. Health is another. Agriculture is another area giant industries. We take for granted educations in other areas. They always will look like they look like today and so technology enabled into some of these areas can create amazing enterprises would say to tackle that get involved in some of the the startup programs get involved in community where the startups are learn what the ups are doing creative destruction lab which i'm a fellow in creative destruction loan has a number of different campuses around the world. Some of what's happening. The the entrepreneurs can of applying to get into that mentorship through through that some of the companies that are coming out of organizations. Like that if you're just getting noticed people get involved in a company that you believe has path in technology. That's tackle something like the care care about. Your learning rate will be so great that even if the company fails you're learning rich you go to the next company if you understand how technology is changing world so fast immense arjun jeff. It's always a pleasure and people need the read your book give them a hand off to your book. Give him a hand off to your twitter. Handle that kind of stuff. Books called Tomorrow and twitter handle his at jeff booth. Man always a pleasure to have you here. Thanks for joining us. Thanks always interested. Thank you for listening to ti. P. to access our show notes courses or forums. go to the investors. Podcast dot com. This show is for entertainment purposes only before making any decisions. Consult a professional. This show is copyrighted by the investors. Podcast network. Written permission must be granted before syndication forecasting..

arjun jeff jeff booth twitter
"jeff booth" Discussed on We Study Billionaires - The Investors Podcast

We Study Billionaires - The Investors Podcast

07:19 min | 6 months ago

"jeff booth" Discussed on We Study Billionaires - The Investors Podcast

"Ti. Hey everyone welcome to our wednesday release of the investors podcasts. Where we're talking about bitcoin. On today's show we have a tech titan. Who build a half a billion dollar business from the ground and he's also a bestselling author jeff booth for anyone not familiar with jeff. I would highly recommend you go back and listen to our episode. Ti to ninety four where we go through a lot of important ideas around jeff's book the price of tomorrow which is all about deflation and inflation and what's causing these crazy policies. We're seeing all around the world today on this episode. We're talking more specifically about his opinions on bitcoin. Additionally we talk about what the world would look like if a fixed peg money like bitcoin would supplant itself into the global economy. This was a really fun and interesting discussion. So sit back and enjoy the show listening to bitcoin. Fundamentals find the investors podcast network now for your host press doing tests all right so jeff. I want to just start off. I sent you a text this morning in you immediately acted on what i sent you kind of curious your thoughts so it was a jack muller interview and i wasn't real familiar with jack i've seen him on twitter. I've seen a lot of people talk about how smart he is and how. He's a huge contributor to the space. But to be honest with you. I didn't even know what he was working on. And i'm kind of curious to hear your thoughts on jack and what you listen to this morning. Yeah i thought that will lightning network and how fast that's developing in is using bitcoin as kind of the second tier of payments. N- everything else. I think before we can go into that. I'm surprised at how much innovation is actually moving into the space. You know because. I have a piece coming out pretty soon that you read as well you can project all of the innovation going forward but even with realizing how much innovation is moving to bitcoin. Some of those things how fast. It's moving shocks you. I was listening to it. And i was just like this is totally nuts. What he's doing. And when we're doing all these interviews right now are all really kind of hyper focused on store value protecting the meltdown of fiat currency. But we're not really talking about actually utilizing bitcoin in a transactional kind of way by going and paying for stuff at target or wherever and after i listened to this conversation with jack what he's building he's way beyond the store value piece and now he's into the transactional piece and doing it with no friction at all and it's instantaneous. I mean i was just blown away. I was listening to this is insane. And i think there's a bunch of dayton pick on community is a store of value for restore will move into the crater economy in jack's working on moving in the greater economy and bitcoin. Right now is more of a store evalu- so depending on governments reactions and what happens convenient bigger picture. You can see all of the next steps that are going to in bitcoin. If you look at the entire existing system whether existing system has to do to protect itself or adopted coin. you can see an extra moves. This is wild. It's like watching a sculptor when they when they start off with a big giant hunka of rock. They're not they're sculpted out the nuances of the knows. They're knocking off all the big pieces and then they're gradually getting it down to what you see. Is this finished piece of art and work and when you look at what's happening. I think a lot of the arguments that we here as to whether it's a store evaluate whether it's a payment. I think the community is naturally knocking off the big chunks. I just this is naturally happening. It's not like it needs to be decided that we're collectively as a society as a human race just knocking off the large chunks. That are the most important to solve. the problem. licks look at this from explore this paper that i have coming out pretty soon. Let's talk about it from what a business looks like. So can starting a business smart seen tons of startups and successful in the across the board. In i think to the general audience most people think as startup. It is successful tackles a giant problem. That's really wide inco's after everything that a monopoly goes after and i can tell you. It doesn't look out hill. It looks exactly the opposite. It looks like this might have intention of going after everything but they typically start something so narrow it. Everybody dismisses that. So we look at it and Raising capital tax advantage ten times advantage in a narrow space that people dismiss join. I look at bitcoin. Is a store value against schooled. That's what i see. It's a tax advantage against gold as a store of value. It was dismissed by the coin community in. Bitcoin said early on track to compete everywhere. It would got shut. People would've tried to shut it down earlier and now that it's moving so fast in that range in the network effect on now can broad way you're talking about. Jackson is the next broadening. You'd have to win the first hills. I use this example tesla started of the roadster with broad ambitions. But if they tried to do all cars would have been killed not please would have killed him into capital that they would need it. Amazon started a books. Google started free search before you could monetize search all of the successful companies. It go up in win against an uprise. Starting a narrow spot. It doesn't mean that they're going to win. But it gives them outside advantage if the tax advantage in narrow market than a lot of people. Talk about a lot of people adopt. And that's what's happened to declare historic value. I can as it's moving is more better store value. But i don't think anything can stop it now from being best store and then it's logical next step to do all the rest but we don't need to get over skis on the rest. It's just a function a whole bunch of people who been entrepreneurial talent. Doing technology was fares doing everything else realizing while once this starts hitting everything else is easier to build those routes and i just wonder how many other people out there are like jack that are building something that isn't even on my radar anybody else's radar. It's just it's mind blowing. You know the part for me. At the end of the discussion. I was listening to neil. Was talking about mastercard and visa. And how they're getting their two point nine percent or what businesses basically have to cough up for their costs for clearance is really what it is. It's a cost to ensure clearance plus whatever prophets being made and. I mean when you look at what he's doing on lightning and it basically makes that goethe zero it was just this mind-blowing moment for me. Like you get immediate clearance. You take the cost to settle down the nothing. I.

jeff jeff booth jack jack muller bitcoin dayton twitter inco Bitcoin tesla Jackson Amazon Google mastercard neil visa