WiM014 - The Booth Series | Episode 4 | Software, Networks, and Society

Jeff Booth joins me for a multi-episode conversation covering the concepts laid out in his book "The Price of Tomorrow: Why Deflation is Key to an Abundant Future"

Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/

GUEST
Jeff's Twitter: https://twitter.com/JeffBooth
Jeff's Book: https://www.amazon.com/Price-Tomorrow-Deflation-Abundant-Future/dp/1999257405/ref=sr_1_2?keywords=the+price+of+tomorrow&qid=1574403883&sr=8-2

PODCAST
Podcast Website: https://whatismoneypodcast.com/
Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400
Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1
RSS Feed: https://feeds.simplecast.com/MLdpYXYI

OUTLINE
00:00:00 “What is Money?” Intro
00:00:05 NYDIG
00:01:22 Deflationary Shocks
00:06:24 Natural vs. Nominal Interest Rates
00:10:07 Interest Rate Suppression
00:11:09 Flight to Safety
00:13:40 Always Zoom Out
00:14:45 Aggregating Supply, Addicting Demand
00:18:30 PICNUF Framework
00:20:40 How to Train Kids to Play Piano
00:23:22 When It’s Free, You’re the Product
00:25:25 Algorithms Eating Sovereignty
00:29:47 Bundling vs. Unbundling
00:31:43 Breaking Data Monopolies?
00:34:07 Health Data Aggregation
00:35:26 Network Effects Matter
00:39:14 Bitcoin May Change Contract Law
00:40:24 Life Philosophy
00:45:18 Accept, Don’t Expect, Responsibility
00:50:05 The Beginner’s Mind Advantage
00:53:04 The Liberation of Information
00:56:22 “Strong Opinions, Weakly Held”
00:58:41 The Antiquation of Arrogance
01:02:22 Self-Driving Cars Driving Change
01:07:42 All Goods are Services
01:08:38 Entrepreneurs are Prognosticators
01:11:01 Less Things, More Utilization
01:14:01 End

SOCIAL
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WRITTEN WORK
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Substack: https://breedlove22.substack.com/

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