Jeff Booth shares his revolutionary thesis on the deflationary force of technology and how Bitcoin enables the first global free market that can potentially transform our economic paradigm. He explains why the natural state of a free market is deflation as entrepreneurs compete to provide more value, leading to falling prices, while our current inflationary monetary system works against this natural abundance.
• The natural state of the free market is deflation - prices should fall as we get better at making things
• Current credit-based monetary systems require inflation to survive, working against natural technology-driven deflation
• Bitcoin creates the first truly global free market - open, permissionless, decentralized, secure, and bounded by energy
• Measuring value in Bitcoin reveals the true deflationary nature of technology and honest markets
• Fedi provides complete privacy for communications and money transfers on top of Bitcoin
• EgoDeath Capital is funding projects that empower people and communities through Bitcoin technology
• Communities in developing nations can create circular economies using Bitcoin that are immune from currency manipulation
• Individuals can take agency by gradually shifting more time and energy to the Bitcoin ecosystem
• The transition to a Bitcoin standard would redistribute wealth and power fairly to all participants
To learn more about Jeff Booth's work, follow him on Nostr or visit jeffbooth.ca to find his authentic social media profiles.
Links:
www.bitcoinforbusiness.io
X: @gavingre
X: @BTC_4_Biz
Primal: GavinBGreen@primal.net
NOSTR: npub12qv07tpwk8x8fy2uuqczghpappap395npuxvsx8pgksh97pezv7s8r7qta
