The Distortion of Money with Jeff Booth - WBD489

Jeff Booth is Entrepreneur and Author of ‘The Price of Tomorrow’.
In this interview, we discuss the distortion of money, how
Bitcoin can herald in a fairer system based on truth and a free
market of ideas, and the transition from scarcity to abundance.


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Bitcoin is revolutionary. More than its cryptographic protocol,
monetary policy, and decentralised technology, Bitcoin is built
on promulgating truth. It is feasible that a new economic
paradigm is being built that democratises knowledge and
information.


The old ways of spin, exaggeration, false equivalence, hustle,
denial, and outright lies served the fiat system well during the
20th century. Being ‘economical with the truth’ became a
necessary tactic of the game, employed by leaders of companies,
institutions, and countries alike.


The corrosive effects of increasingly systematic subterfuge were
inevitably going to counter balance any fallacious societal
benefits. This has become increasingly clear since the beginning
of the new millennium: events and shocks have chipped away at the
current economic edifice.


It’s not that a new system would be beneficial to society, it’s
rather a new system is required to enable the major issues of
today to be resolved. Can Bitcoin be the basis of this new
system?