WARNING: Beware of the scammers in the comment section that use Swan's image and name. We will never ask you to contact us through RUclips. If you have any questions and want to reach us directly follow our Twitter @SwanBitcoin and send us a message.
Jeff Booth is a treasure and I can’t recommend his book enough. The Price of Tomorrow is a must read masterpiece that will enlighten and upgrade anyone’s mind.
I hope I live long enough to see that someone in Africa using Bitcoin for milk costs the same as it does for me in Canada. All priced at the margins of production because we can all use the world’s first fully trustless, automated, protocol based monetary system that no one can control. Just those who have a Bitcoin node or miner can have a say in what the system may develop into in the future and both are a voluntary endeavour, anyone can participate globally with an internet connection and a bit of hardware.
Now that the can has been kicked to the sovereign level, the next QE cycle will prove to be futile and will only be a fleeting temporary bandaid. The only "bailout" will come from the price discovery of Bitcoin. Like it or not, Larry Fink understands this.
If Bitcoin is better than gold, real estate, and stocks, then one would just buy Bitcoin and hold onto this rather than investing in a company or buying a house. So, there will be no growth. How is no growth good for humanity? Of course, assets like gold and Bitcoin will appreciate in value if there is economic growth, so they will be better than fiat currency. But fiat currency's purpose is to provide liquidity in the market, and it is the most important aspect of the economic machine. If 1000s of people want to buy houses, they can get a loan from the banks, and repay with interest in 25-40 years, and by then the house would be worth more than the total amount paid, thus it was a good investment. The bank will benefit from it because of the interest. Because of this demand, there will be demand for construction, thus creating jobs. This is how the economy works. If, on the other hand, we imagine there is no fiat currency, and I want to buy a house which costs 10 Bitcoins and if I know that even after 30 years the value of the house will not increase in terms of Bitcoins, on the other hand, the Bitcoin value will increase. So why would I waste my 10 Bitcoins to buy a house now rather than wait some years for the Bitcoin value to increase and buy the house cheaper in terms of Bitcoin? You see, it doesn't make sense; it will have catastrophic effects on the economy if there is a fiat currency that doesn't devalue over time. For sure, it is better to save in assets such as stocks, real estate, or gold than to save in fiat currency. But for sure, Bitcoin will not replace the fiat currency.
@@blangtube the scammer who made Hex and PulseX. Pretty sure he’s headed to jail soon. He somehow has convinced his followers that he’s the second coming of Jesus and will get them all lambos.
![KSI - Dirty [Official Visualiser]](http://i.ytimg.com/vi/VoDh1h1dPUE/mqdefault.jpg)
WARNING: Beware of the scammers in the comment section that use Swan's image and name. We will never ask you to contact us through RUclips. If you have any questions and want to reach us directly follow our Twitter @SwanBitcoin and send us a message.
ETH is less inflationary than btc. Think about that for a second, normie.
Whenever Jeff Booth talks, it’s like poetry.
Truly
He’s a beautiful human being. So thoughtful and kind.
We’re so lucky Jeff Booth is in the crypto space.
Jeff Booth is a legend and a hero. I learned much and will continue to learn from him.
Jeff Booth is a treasure and I can’t recommend his book enough. The Price of Tomorrow is a must read masterpiece that will enlighten and upgrade anyone’s mind.
Not a bad book tbh must read in my opinion.
Jeff Booth is such an excellent communicator. His book The Price of Tomorrow is so good.
4:35 Today we have slavery, we just don't move the slaves to us. We keep them where they are.
If you love Jeff Booth, you'll probably enjoy his book, The Price of Tomorrow
Looking forward to reading it.
Mine’s in the mail on its way into my appreciative hands.
It’s a great book 📕
Write on the chalk board 1000 times:
All prices are falling to the marginal cost of production.
Jeff Booth is John Galt!
Love it
Excellent talk. Thank you.
Excellent!
Brilliant!
"fiat is doomed" - the honey badger
I hope I live long enough to see that someone in Africa using Bitcoin for milk costs the same as it does for me in Canada. All priced at the margins of production because we can all use the world’s first fully trustless, automated, protocol based monetary system that no one can control. Just those who have a Bitcoin node or miner can have a say in what the system may develop into in the future and both are a voluntary endeavour, anyone can participate globally with an internet connection and a bit of hardware.
👍🙂 excellent
Now that the can has been kicked to the sovereign level, the next QE cycle will prove to be futile and will only be a fleeting temporary bandaid. The only "bailout" will come from the price discovery of Bitcoin. Like it or not, Larry Fink understands this.
❤
If Bitcoin is better than gold, real estate, and stocks, then one would just buy Bitcoin and hold onto this rather than investing in a company or buying a house. So, there will be no growth. How is no growth good for humanity? Of course, assets like gold and Bitcoin will appreciate in value if there is economic growth, so they will be better than fiat currency. But fiat currency's purpose is to provide liquidity in the market, and it is the most important aspect of the economic machine. If 1000s of people want to buy houses, they can get a loan from the banks, and repay with interest in 25-40 years, and by then the house would be worth more than the total amount paid, thus it was a good investment. The bank will benefit from it because of the interest. Because of this demand, there will be demand for construction, thus creating jobs. This is how the economy works. If, on the other hand, we imagine there is no fiat currency, and I want to buy a house which costs 10 Bitcoins and if I know that even after 30 years the value of the house will not increase in terms of Bitcoins, on the other hand, the Bitcoin value will increase. So why would I waste my 10 Bitcoins to buy a house now rather than wait some years for the Bitcoin value to increase and buy the house cheaper in terms of Bitcoin? You see, it doesn't make sense; it will have catastrophic effects on the economy if there is a fiat currency that doesn't devalue over time. For sure, it is better to save in assets such as stocks, real estate, or gold than to save in fiat currency. But for sure, Bitcoin will not replace the fiat currency.
This vid is BOOOM🎉
Michael Saylor could learn a lot from Richard Heart - Richard is 10 years ahead in action and thinking. 🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢
I sincerely hope you are joking
So Saylor should become a fugitive from justice, like RH is now?
Who is Richard heart? This must be a troll
@@blangtube the scammer who made Hex and PulseX. Pretty sure he’s headed to jail soon.
He somehow has convinced his followers that he’s the second coming of Jesus and will get them all lambos.