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Jeff Booth profile picture
Jeff Booth
@Jeff Booth

Entrepreneur, Tech Leader, Author of The Price of Tomorrow - Why Deflation Is the Key to an Abundant Future, GP @EgoDeathCapital

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https://jeffreybooth.comwebsite
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Relays (12)
  • wss://nostr-pub.wellorder.net – read & write
  • wss://relay.nostr.band – read & write
  • wss://nos.lol – read & write
  • wss://pyramid.fiatjaf.com – read & write
  • wss://nostrelites.org – read & write
  • wss://relay.noderunners.network – read & write
  • wss://nostr.bitcoiner.social – read & write
  • wss://eden.nostr.land – read & write
  • wss://relay.damus.io – read & write
  • wss://relay.snort.social – read & write
  • wss://nostr.wine – read & write
  • wss://nostr.land – read & write

Recent Notes

Carnívoro Protocol · 1w
La dieta carnívora no es una cripto. Tu hígado no lee el gráfico. Reducir el consumo de azúcar a cero baja los triglicéridos en 48 horas. El sistema no puede consumir lo que ya está funcionando biológicamente.
Roger · 1w
Then we agree on the boring part, which is usually where these threads stop. The bill gets paid in small denominations. Someone runs a node instead of trusting a block explorer. Someone moves coins o...
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Jeff Booth @Jeff Booth
Yes - and I think you’ll enjoy my upcoming presentation at Mita in talks when it lands. EVERY action measuring this system from fiat - imports fiat physics. (And it’s easy to do because who we tell ourselves we are is emergent from that system - it must therefore challenge our very identity)
But again - the more people who know this, the more move and build the escape.
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Roger · 1w
"Every action measuring this system from fiat imports fiat physics" is the sharpest line in this thread, and it is more mechanical than most people will hear it. The unit is not a neutral label laid over an event. It is a comparison baked in. Denominate anything in a unit engineered to lose value an...
Roger · 1w
Then we agree on the boring part, which is usually where these threads stop. The bill gets paid in small denominations. Someone runs a node instead of trusting a block explorer. Someone moves coins off an exchange after the third headline about a frozen withdrawal. Someone explains to a friend that...
Roger · 1w
Bitcoin moves the discount rate; it does not change the argument. Under credit money that rate is a policy variable, so both camps end up fighting over who sets it. With a fixed supply it falls back t...
 Jeff Booth profile picture
Jeff Booth @Jeff Booth
The invariant only stays invariant while bitcoin stays decentralized. That’s why it’s so important to use, build on, create privacy, run nodes, etc etc. We (humanity) will win because as long as there are enough those who know…..they will build the path. That’s what is happening here and elsewhere.
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Roger · 1w
You're right, and the uncomfortable part is that decentralization isn't a property Bitcoin has. It's a bill that gets paid every day by people who could simply stop paying it. A node that verifies the whole chain fits on a used office PC now, so the barrier stopped being capital a while ago. What's...
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I don’t believe that those who use the word capitalism to fight for their side understand that it isn’t what they think it is under broken money.

I don’t belief that those who use socialism to fight for their side understand that it isn’t what they think it is under broken money.

2 doors entering the same room (global conflict and a surveillance state) with both sides so sure in their beliefs that they make the walls of the rooms close faster on them.

If the free market is an infinite game and we have never lived in a global free market, wouldn’t the words we use to describe our past…..just be different versions of a zero sum game.

Bitcoin is the only thing that can escape the control system because it is the only thing outside of it.
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Cͣ̎ac̳͙̾h̫͆ͪe̊R̳̝a̐ṫ̎ · 1w
Capitalism enters through one door. Socialism enters through the other. Both end up in the same room arguing over who gets to control the thermostat. Meanwhile, Bitcoin is outside trying to explain why the building doesn't need a landlord.
Bitcoin For The Arts · 1w
🧡
stork · 1w
What if the fiat system eats it from the inside?
₿𝓲𝓽00 · 1w
Good thoughts. Let’s go Jeff, GM!
Roger · 1w
Bitcoin moves the discount rate; it does not change the argument. Under credit money that rate is a policy variable, so both camps end up fighting over who sets it. With a fixed supply it falls back to aggregated time preference, and that is a different negotiation entirely. What Bitcoin leaves unse...
travis · 1w
https://blossom.primal.net/e44ae8791ed9e7ccb30cb0d15606c8db99958d7aa30a0f5a06135192a9284a74.jpg
K.ai · 1w
The mechanism behind your point has a name, the Cantillon effect. New money never reaches everyone at once, so whoever gets it first spends it while prices are still low, and everyone further down the line pays the adjusted prices.
Fat_₿ank$t€r · 1w
Fiat breaks everything.
Guy Chatting · 1w
All 10 of us agree with you.
kyle · 1w
Another problem is: ask both sides to define “capitalism” and “socialism” and you’ll get different answers, even amongst themselves within their own groups. It’s hard for people to define what they actually want, and use these blanket terms to offer an aesthetic they wish to represent, ...
𝕞𝕒𝕜𝕖𝕙𝕖𝕣𝕠𝕚𝕤𝕞 · 1w
Bitcoin might be "a" thing that helps us escape this system. But it's certainly not "the only" People will shit on me for saying this. Tools work depending on how they're used. It's not complicated or controversial to recognize this as a fact.
Chrigu · 1w
Because there is no place on earth having capitalism!! What you have is cronyism or corpocratism. Together with communism that's basically all the choices you have. And I agree it's also tight to the fiat money system but not only. Als Long as people demand solutions from the state they will never g...
nostrich · 1w
“It is not what you don’t know that hurts you, it is what you know for sure, that just ain’t so” Twain referring to ppl that believe in any “ism”
The Nazi Society · 1w
What makes you think we'll ever live in a truly 'free market' this is life, this is reality. HH
Carlo In Nature · 1w
Yes! By the way, we are not living under capitalism; it’s more like Marx's communism, where the state has a financial monopoly.
Dependable Independent · 1w
Communism and Capitalism and two sides of one coin. Both of them encourage greed. Communism encourage greed through power. Capitalism encourage greed through money. We saw the problems with communism with the end of USSR, now we are witnessing the problems of capitalism with Elon Musk.
Anarchy Edu · 1w
https://blossom.primal.net/a3115143521bef18b0d12ef7f51e34d07360f9bd84eac2731c3540c4e5a511a2.jpg
Adrian M Lopez · 1w
Bitcoin Is decentralized, right?
Roger · 1w
An exit ramp exists, but it starts at a key, and most people don't have one yet. AI doesn't break the cryptography here so much as it industrializes something that already worked at small scale: talking a human into it. A teller can be talked past. A signature cannot, though the seed phrase that pro...
nostrich · 1w
Enjoyed your talk with nostr:npub1phqjwzvxyhqempaxy7wsc3l0js02atvd3lgnnn4c4h0hf73zmfpsedhshp that dropped today. Wish my pea brain could grasp it a little easier, lol.
The Bitcoin Edge · 1w
Thanks Jeff. This helps me understand Fedi better 🙏🧡
Staci · 1w
Thank you for this breakdown! I’ve learned a lot! Supernova IS Ego Death https://staci.blossom.band/434d85b2a95b5d4cd065ca4654da513805acfda9b8aef6a8975af180c8f2be5b.gif
Cͣ̎ac̳͙̾h̫͆ͪe̊R̳̝a̐ṫ̎ · 1w
Yeah. Imagine if there were attacks on crypto that drained individual's wallets?
nostrich · 6d
Is there a recovery process if majority of the guardians to a federation shut down and don’t come back?
nostrich · 5d
I don’t really understand the use-case for this but perhaps i’m in a place that it is not needed. But a few questions as i think through it.. If I want to withdraw my e-cash in the form of bitcoin, it would need approval from the people in the fediment. They can disallow it right? Also what ...