Jeff Booth - We are in fold 34: How exponentiality will change our understanding of economics 

Jeff - "That piece of paper would reach the sun" Me - You have my full attention now

I once heard Jeff asked, "why are you doing this?" He said, "because of my children." He had me right there.

Bitcoin (BTC) is the solution and Jeff Booth understood that pretty early. Fix the money, fix the world.

Jeff is my favorite BTC voice. Truly a brilliant and generous man.

Jeff Booth's book and talks have changed my life! I highly recommend his book, "The Price of Tomorrow" and any/all interviews he has done. Outstanding!

If humanity wants to survive, we need honest, incorruptible accounting … BitCoin or war is inevitable. That’s what Jeff Booth taught me.

the thing that i love about jeff is that he presents it without hype or without a large amount of (visible) emotion (although it might be hidden underneath). the result is a simple conversation about something that matters to him. love that method and model. convincing, too.

Calm and collected as always. Jeff never lets emotion get in the way and speaks on facts. He's a true GOAT.

Jeff is the goat 🐐 Him and lyn alden have been nothing but a blessing to our network

Jeff is so good. He thinks through questions so methodically and speaks to the answers eloquently. Lucky to have him.

Clicked So Fast. When I Saw Jeff Speaking Publicly. History Being Taught Here.

“When you stop creative destruction at the economy level, you push it up to the monetary level”. Such an amazing way of explaining bitcoin as a market driven emergent phenomenon. Jeff, I think this was your primer lecture for a Tedex Talk!

This gentleman is bringing glimpses of something huge coming over to the whole world. Everything is about to change; but not because of technology, nor economics, nor politics... The real change, the real fold, takes place within us, each of us is in the fold 34 of level of consciousness. As it grows we will see a New Earth emerging from the old. Buckle up and enjoy these three/four years to come. No one can imagine what's coming.

Jeff Booth is a visionary.

A true mastermind. The most thought provoking thing I have ever watched. Raced out and bought his book “The price of tomorrow” too.

LOVE his answer on technology creating abundance and the existing system trying to prevent a free society of abundance. FREE HUMANITY! #bitcoin

That answer at 36:33 was just brilliant. I am impressed.

Love Jeff Booth! Prescient and relevant!

Jeff is absolutely brilliant, a genius of our times. I always enjoy listening to him I'm leaving this comment instead of a like as a token of my appreciation for the person/people behind this video #nolikeswithoutdislikes

Amazing mind, love The Price of Tomorrow

I'd seen a clip of this on another channel and so glad I found the whole speech.

One of the most amazing presentations I have ever seen. Jeff Booth is doing gods work!

From the Q&A - roughly - “CBDCs are surveillance disguised as money”

43:10 .... This kept me up all night long .... melted my mind! .... this is bigger than the internet.

Fascinating presentation & appreciate Jeff's insights as to how technology is shifting our relationship with money!

Robert Breedlove has an excellent set of interviews with Jeff Booth on his show "What is money?"

The most Honest and Accurate video on RU-vid!!!!

Such an insightful talk, every investor and banker executive should listen to this very carefully and discuss internally to create abundance by adopting technology.

First five minutes of the video. I had a breakthrough. Thank you 🙏

Worth watching twice.

If I was a central banker, I would acknowledge this, apologize, and humbly step down.

Absolute truth by the intellectual person. The future belongs to intelligence .

Brilliant presentation...Thank you Jeff.....

What a great video. Thank you for posting

Absolutely brilliant. Can’t wait

Get off zero for the reasons outlined by Jeff Booth and read his book while you're at it. Insightful contributions always made that are unique to how we are taught to think.

Always love Jeff!

Spread the Word!

Brilliant!

Price of Tomorrow.... a must read for people who want to succeed in the future... and that future is nearer than you think!

We need to see more debates around these topics. We have circles of people talking to their specific audiences but far too little interaction. Jeff debating someone like Stephanie Kelton would be an important event.

Thank you

19:15ish is absolutely brilliant though. best meme ever.

Insane information!!!!! Thank you

Perfect. What an amazing teacher. Wake up people. Buy the future. Buy BTC.

Speaking the gospel. Big G

Brilliant

"whoever controls the spice, controls the universe!"

Awesome!

good stuff

absolutely epic

essential listening. share far and wide

I love Jeff Booth he is extremely smart and visualizes so many connections but often cuts his self off. Not sure if he done this as much in other videos maybe he needs a speaking coach. Nonetheless awesome talk.

thanks

The Dude with the Camera has still learn a lot! :)

I 'predict' zero dislikes. But who will ever know. I guess it's good for the small creators..

😎 awesome 🙏

some things grow exponentially. some thing grow linearly. some things don't grow at all. some things shrink or cease to exist, or cease to be valued.

Real smart person stuff

Everything in nature grows exponentially when given the right environment. If humanity put in love, compassion, humility, and equality as the primary thing of importance 50 years ago rather than computers we would be living in Utopia.

it's always some foreigner asking why not gold

If ETH were run primarily on AWS then why didn’t ETH go down or even have problems when AWS went down? It’s just not true.

What's to prevent Central Banks from printing as much money as they like, and using that newly minted money to buy as much BTC as they like (say $500 billion+)? What if the FED has already done this, and thus has a measure of price control (like Ft. Knox)?

The only employer in the US that offers increases in employee income based on inflation, and step increases based on longevity, is government.

From Fold 34, how do we determine the amount of time between the upcoming folds?

No, I voted for Ron Paul!

As the population grows, there is more demand for tangible things. If technology cannot increase the supply of these tangible things or somehow replace them with less costly alternative. Their price will rise

It's not the internet per se that will impact the economy, its the advances in AI, that will impact the economy. And the internet will be impacted also.

Wait a minute- without an inflationary system (Working for the promise of future reward for forgoing reward today) wouldn’t the rate of technological innovation dry up? In other words, doesn’t the current monetary system drive the rate of technological innovation? Maybe I’m wrong?

What has risen over the past 20 years is the monthly subscription costs of things (phones, TV, streaming, internet...).

Pretty sure that's Steve Baker (MP for High Wycombe) @ 34:15. It's nice to see a Tory MP actually taking free market economics & Bitcoin and by extension, human liberty, seriously. Better I don't comment on the attitude of the highest profile member of his political party in respect of that issue... 🙄

Someone explain. Btc cannot scale. They say ‘lightning network’, which is not bitcoin, its a separate system and not onchain, so why the need for btc then? Why not scrap btc and just use lightning? Which is why I believe bsv is bitcoin.

I. Have never understood why the economy had to grow or collapse, why no middle ground. ??

But what would the economy behave like if the reserve was completely hard? Wouldn't everyone just hold the currency rather than invest or buy anything?

Jeff's talk is definitely visionary. Where I have a problem is that Bitcoin is at 43,000. Can anyone tell me how a person with an average income can purhase or obtain any share? Please let me know your insights?

sun to earth distance 149,600,000 km, 0.1 mm x 2^50 = 1.1x10^9 km

Bitcoin is trouble for the central banks and our government. As usual, they are behind in addressing the issue. What are their options for regulating it?

Why Bitcoin and not another cryptocurrency?

Great presentation on why we need Bitcoin!

@47:35 I don't quite understand Jeff's statement about Ethereum being on servers... I thought Ethereum is decentralized no ?

Fascinating. "Creative thought, creative art or creative poetry are all excuses to expose the world to aberrations born in the sullied minds of the so-called intellectual elite of the West. The true creative artist never cries his creativeness to the skies. The true intellectual never claims to be one. It is the unfulfilled, the unsuccessful, the lazy and the foolish who weld together old bicycles and claim to be creative. They are surrounded by their kind who shower the rubbish with praises so that, in their turn, they may be the recipients of praise." (Shiekh Abdul Muhi in Rafael Lefort's The Teachers of Gurdjieff [London: V. Gol-lancz, 1966], p. 115).

Do you expect the present monetary system will give in to BTC without a fight? They will sure try to kill the competitor. Or do you expect that BTC will rise from the shambles of the old system? So we all will have to go thru the hell of hyperinflation and then only the lucky BTC holders will get to the new paradise?

4th or 5th watch. I lost count

is the "green vibe " energy price hike a way to fuck bitcoin, in some way?

Nailed the problem, not so much the solution - BTC is deflationary, but so are other tokens. The key is Omni-deflationary monies. But there’s no utility of BTC outside of that. Tl;Dr - multiple deflationary assets are viable for the same exact answer to the solution, but utility on top of simple “SoV” will dictate usage

Jeff's analogy with the folding paper is more accurate than he thinks. The takeaway is that you can't fold a piece of paper fifty times. There is a finite number of folds that physics dictates and it is incredibly smaller than you would imagine. He is right about wrapping your head around compound or exponential growth. The people who figured that out have been rich ever since. But the overwhelming majority don't understand it and never will. The same goes with Libertarianism. In theory, it is Eutopia and like Eutopia, it exists nowhere. My first bout with Libertarianism was in the seventies after I and my business were raked over the coals by the IRS. If anybody tells you that they will work with you, well, nah. I started reading about government and money. I became active in the Libertarian party in the mid nineties. The party I was involved with was very small and filled with crackpots who had an axe to grind, (like me, I guess). I still respect the Paul family greatly, but Libertarianism is a pipedream. Bitcoin and cryptos are Libertarianism incarnate. Jeff is smitten with the beauty of cryptos, especially Bitcoin. His basic argument here is that if you don't see it as the future it is because you can't wrap your head around his idea of the future. All of the alternatives he expostulates ignore some basic realities, like the fact that you can't fold a piece of paper fifty times or the economy can seriously collapse. He uses oxygen as an example of the value of scarcity and the freedom that comes with plenty, but is oblivious to the real possibility of an impending scarcity of food if the economy collapses or the disruptions that come from idle hands. The reactions of governments to that will be . . . well, the word "epic" falls short. Here are some near-universal truths. All governments or ruling bodies, throughout history, have been willing to use the savagery and science necessary to maintain control or they have been replaced with people who are willing to use it. But, but, but, they can't destroy Bitcoin, advocates will exclaim! Well, try this on for size. First the government enlists the aid of the media who are always looking for controversy to sell news. They will trot out case after case of blackmail, ransom, slavery, contract murder, anything that titillates or scares the public. You have only to look at the pandemic to see how easily people are manipulated in this way. And I still can't believe that people actually use El Salvador and Nigeria as cases of progress, two of the most corrupt governments in the world. Second, the government will announce that they are going to make cryptos illegal tender or some other concocted name, and offer an exchange to their CBDCs "for a limited time." The window will be small. This will shut down all commerce in cryptos immediately. If this doesn't cause a massive sell off, they will make some high level arrests and property confiscations of resistors. The public will be crying "Guillotine,Guillotine!" If you think the public cares if the government knows everything you do or buy, think again. If you think you can protect yourself from the all-seeing government eye, that ship has sailed long ago. Jeff shows briefly the DARPA toys dancing but makes the wrong point. These things can and will come after you. There will almost certainly always be some Bitcoin recorded somewhere with True Believers waiting for the second coming, but it will be an also-ran currency, a cyber relic, if cyber even survives the hyper-population inflation and the economic house of cards that supports it. Famine, coming soon to a neighborhood near you. Lastly, there is a moral hazard to Bitcoin that is true of many stores of value, and that is that the owners are motivated to drive up the value by encouraging others to buy in. Cryptos are straight up gambling. Some who have inside information will get rich but most people will lose their shirts. This is subconsciously or consciously in the back of the owners' minds.

I actually was a bit shocked watching this Clip.. and probably not for the reason you think.... we acrually live in 2022 and an expert need to explain this to grown as adults? Maybe its becuse im an it nerd and was programmen c++ for fun when i was 14, so understanding bitcoin technology was Easy.. but im not an economist.. money is not my thing.. but I do understand what inflation is and central banking basics. In short banks ass-rapes us all everyday. Thought everyone knew that.. yet People are skeptic to bitcoin.. im shocked.. Just wow. Thats loco..

Watching for the 3rd time

Bitcoin for the freedom...

So How would an 8 x 11 peice of paper, folded 50 times, produce a width greater than the sum of its parts? ...to the sun??? What am i missing? Thanks!

I guess it should be 54 times.

This guys read Wilson

Paul Krugman 😂🤣😂🤣😂🤣

Krugtron!

Still waiting for technology deflation to lower gas, food and housing prices from all the money printing and govt regulations. Cheap goods also came from outsourcing manufacturing to China ie cheap labor markets. Inflation by definition used to be money printing, not price increases.

also music is largely shit now. bitcoin will fix that though. artists need money.

Love that Krugman quote in the picture. That dude is a tool.

Technology in the hands of humans is like steroids in the hands of bodybuilders. We become addicted to the gains it brings us and ignore the massive strain it puts on all our systems that weren't designed to support all the things we've built. So like a bodybuilder, we either stop taking them and shrink back to our original size because we see the error of our ways, or we keep pushing till we pop. My money's on the second one as no corporation wants to give up its gains.

All good until Lightning Network, which is a fundamentally flawed boondoggle solution

Krugman was partly .. not wrong. It depends on whose interests are best represented by the internet tech economy.