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 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