Jeff Booth: Deflation, Bitcoin and the Price of Tomorrow
Jeff Booth has been at the forefront of technological change for over 20 years. He founded a company called BuildDirect based in Vancouver, an e-commerce platform that was on its way to being a unicorn before he dramatically and suddenly left because, as he says it, his integrity was not for sale. When I first heard this story, I could relate to the emotional toll this must have taken on him, having been through something very similar, albeit on a far smaller scale. But I was also struck by how quickly Jeff bounced back, and the impact that he has had since then, be it with companies he\u2019s founded, invested in or advised. Jeff and I talk about the arc of his career, his book "The Price of Tomorrow," as well as crypto and blockchain. Then we drop from macro-topics into micro-topics of how he chooses to spend his time amidst the many new opportunities that he sees in the world today.
What We Cover:\xa0
- The roots and disastrous consequences of inflationary monetary system
- The \u201cwar\u201d between the current monetary system and what exponential technology is bringing
- Why digital currency like Bitcoin has the potential to mitigate the climate change and to contribute to a different economic system
Key Learnings and Takeaways:\xa0
- There is no way to solve inequality through an inflationary monetary system. An inflationary monetary system equals inequality.
- In a world that is changing really fast, the advantage goes to people that are open to learning faster.\xa0
- We need to have an incentive system based on truth, that can\u2019t be changed by rulers, a system that incentivises cooperation. Digital currencies can play a significant role in creating such systems.\xa0\xa0
Links and Resources Mentioned in This Episode:\xa0
- \u201cThe Price of Tomorrow\u201d by Jeff Booth https://www.amazon.com/Price-Tomorrow-Deflation-Abundant-Future/dp/1999257405/\xa0
- Jeff Booth\u2019s Website https://www.jeffreybooth.com/\xa0
- Connect with Jeff Booth on Twitter https://twitter.com/JeffBooth\xa0
- Terramera https://www.terramera.com/\xa0
- Cubic Farms https://cubicfarms.com/\xa0
- Addy https://www.addyinvest.com/\xa0
- NocNoc https://nocnoc.com/\xa0
- \u201cSwag: Alternative Investments for the Coming Decate\u201d by Joe Roseman \u200b\u200bhttps://www.amazon.com/Swag-Alternative-Investments-Coming-Decade/dp/1781485186/\xa0
- Eric Jorgenson: Leverage, Permissionlessness and Naval\u2019s Book of Wisdom on OutsideVoices https://outsidelens.com/eric-jorgenson/\xa0
Connect with Mark Bidwell:
- LinkedIn\xa0https://www.linkedin.com/in/markbidwell/\xa0
- Twitter\xa0https://twitter.com/markehb