Jeff Booth: The Money of Tomorrow
Jeff outlines the core ideas from his book, but also makes some key points about bitcoin. Specifically, he notes (around 33mins in), how Bitcoin - possibly uniquely - hedges both ultimate downside scenarios: 1) the case where governments keep printing more and more and keep getting away with it, and 2) the case where there's a deflationary crash and the banking system collapses. The idea is that in case 1, bitcoin acts as a hard-money inflation-hedge, and in case 2, it can step in and provide the core of a completely separate but functional/electronic global monetary system.
EXCERPT
In this disucssion we dive into the ideas heβs fleshed out in The Price of Tomorrow - deflationary technology in the time of inflationary monetary policy - the deep societal problems caused by inflationary money - how deflationary technology could combine with the deflationary money that is Bitcoin. We soberly examine the current state of affairs but also consider a bright future ahead and the path to get there.
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