WiM017 - The Booth Series | Episode 7 | Mind, Power, and Risk

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 Relativity of Information and Entropy 00:05:35 AI in Healthcare 00:09:22 Inflation Suppresses Entrepreneurship 00:11:42 The Free Market: A Global Error-Correcting System 00:17:41 Does Bitcoin Need Public Buy-In? 00:22:30 Belief Systems and Human Organization 00:25:00 Filtering Ideas: Bitcoin and Climate Change 00:32:59 Machines are Learning Exponentially Faster 00:36:59 The Simulation Hypothesis & Superintelligence 00:39:00 Data Mining and AI 00:42:50 Geopolitical Power & General AI 00:45:24 “What Do you Want and Why?” 00:51:46 Egotism and Self-Deception 00:53:37 Entrepreneurship: Living on the Edge 00:57:19 “Go Where the Truth Is” 01:00:01 Advantage of the Beginner’s Mind 01:03:24 Distorting Creative Destruction 01:08:55 Fiat Currency Induces Systemic Fragility 01:12:15 Bitcoin: The Ultimate Asymmetric Bet 01:17:55 A Call Option on Everything 01:22:46 Interventionism Interrupts Error Correction 01:29:19 Debt Super-cycles End Badly 01:31:41 The Tail Risk of Social Unrest 01:34:12 Bitcoin Error Corrects Gold 01:36:59 Debt and Equity, Space and Time 01:39:45 End SOCIAL Twitter: https://twitter.com/Breedlove22 LinkedIn: https://www.linkedin.com/in/breedlove22/ Instagram: https://www.instagram.com/breedlove_22/ Medium: https://breedlove22.medium.com/ All My Current Work: https://linktr.ee/breedlove22​ CONTRIBUTE Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7 Patreon: https://www.patreon.com/user?u=32843101&fan_landing=true