simonjajames on Nostr: "The ENTIRE System is Insolvent" - Jeff Booth on the CONFLICT Between Exponential ...
"The ENTIRE System is Insolvent" - Jeff Booth on the CONFLICT Between Exponential Tech and Fiat
In this video we will be looking at conflict between the existing Fiat System and the Deflationary Nature of Exponential Technology as stipulated by Jeff Booth in his article 'The Greatest Game'.
To watch the full discussion from the What Bitcoin Did Podcast - https://www.youtube.com/watch?v=G2vAm2hfW9U&t=1504s
To read the Full Article 'The Greatest Game' - https://medium.com/the-bitcoin-times/the-greatest-game-b787ac3242b2 Technological progress has led to exponential efficiency gains, resulting in deflationary pressures that should drive down prices in almost all industries. However, prices have not fallen because the existing monetary system, which requires inflation to remain viable, is incompatible with technological progress.
#sats #bitcoin #crypto #cryptocurrency
In this video we will be looking at conflict between the existing Fiat System and the Deflationary Nature of Exponential Technology as stipulated by Jeff Booth in his article 'The Greatest Game'.
To watch the full discussion from the What Bitcoin Did Podcast - https://www.youtube.com/watch?v=G2vAm2hfW9U&t=1504s
To read the Full Article 'The Greatest Game' - https://medium.com/the-bitcoin-times/the-greatest-game-b787ac3242b2 Technological progress has led to exponential efficiency gains, resulting in deflationary pressures that should drive down prices in almost all industries. However, prices have not fallen because the existing monetary system, which requires inflation to remain viable, is incompatible with technological progress.
#sats #bitcoin #crypto #cryptocurrency