I’ve been trying to put Jeff’s great quote into a simple rhyme. Here is the best I can do. An abundance of money creates scarcity everywhere else Scarcity in money creates abundance everywhere else Money allowed to ever expand Brings scarcity to every land Money scarce and tightly bound Creates abundance all around
Bitcoin Poem 031 - Written 10/20/22 Bitcoin is Abundance Inspired by: Jeff Booth From this quote An abundance of money creates scarcity everywhere else Scarcity in money creates abundance everywhere else Money allowed to ever expand Brings scarcity to every land Money scarce and tightly bound Creates abundance all around An ever increasing money supply Destroys our freedom by and by We’re not even free to choose We must spend now or we will lose The Bitcoin Standard echoes true A sounder money for me and you Allowing us to save, or invest Or buy the things that we think best Let’s build the world we want to see With lots of wealth and energy A world where money’s scarce and tight With freedom sure, our future’s bright
After listening to George Gammon connect with Jeff Booth on his channel, I realized I needed to follow everything Jeff Booth! Since then, after reading The Price of Tomorrow, I absorb everything this man has to say! Incidentally, I watched all three interviews with Michael Saylor, Jason Lowery, and Jeff Booth! This understanding of our current world is absolutely fascinating! Great job Preston! With gratitude and appreciation...♥️ To use Jeff's words..."This is the way!"
A very significant Podcast not only being your 100th guest Preston, but Jeff frames the space in such a positive, productive, life changing way for everyone in the world. Thank you so much !
Great as always! Jeff deserves more credit and praise than he gets. Such a classy guy and explains his points so well. Great interview once again Preston. Grateful for your work!
Something that always annoyed me as a former IT and Telco network engineer was calling Blockchain protocols like Bitcoin, and Ethereum, Layer 1's. The OSI model already existed long before BTC, and layer 1 is the hardware (cables). L3 is Network so L4 is where these crypto protocols should be, and that is where TCP is. L7 is Application; but this has been labelled Layer 3 in crypto. Why reinvent the wheel, we already had/have a solid standard? The reason will be that it was software engineers not network engineers who were the poineers so everything started at the layer that is base layer to them. OSI standard is in this order: Physical, Data Link, Network, Transport, Session, Presentation, and Application.
The idea that fiat is centralized monetary energy (that will come to an uncontrollable point and destroy a lot of people's lives), bitcoin on the other hand has the possibility of dissipating all that energy through monetary decentralization, what an amazing concept. Makes me think that someday in the future smart people will understand energy better and there will be a way to dissipate and harness the power of volcanic eruption, a hurricane, an earthquake, or any other natural disaster that we as humans fear. That's all they are, energy that is centralized and becomes uncontrollable and wreaks havoc when the energy is finally released. I really enjoy the philosophical, moral, and psychological conversations about bitcoin as opposed to price movements. Well done Preston and all of his guests.
Would love to see Jeff have a discussion with Peter Ziehan, as they have very different macro outlooks. I cannot refute either of their thesis, yet I think they would both benefit from their differing perspectives.
Poverty is a great motivator to hold up high that which we need to bring the world forward. Makes me think of men and women in India carrying giant bowls of flowers on their heads. The world with all its diversity, beauty and now integration through the internet has culminated through the ideas of people like Satoshi through mathematics and his knowledge of code and cryptography to bring about the one invention to bring us all together on this amazing planet. Bitcoin. Amazing. We are the culmination of all life on Earth and Bitcoin will bring us into the new age. I love this interview. Jeff Booth has a knack for making you think and Preston Pysh is a talented interview. Thank you boys for all your work.
35:46 Has the guest looked into ATOM? Seems like that protocols approach is to lend their security to the members and contributors that build within their ecosystem. This overlap allows for liquidity to grow within the DEX's and trading pairs.
Preston, you should consider having on Aaron Segal who wrote a piece titled “Bitcoin Information Theory”. He has hedge fund experience and a good understanding of information processing and thermodynamics. Your audience might find it a nice accompaniment to this series.
The global adoption of Bitcoin is inevitable. Just a matter of time now. You can truly amass generational wealth with Bitcoin and crypto if you’re in it for the tech. All that consistency and determination eventually pays off. ✨✨🚀🚀
We need to make adjustments here... all protocols start as centralized, including BTC. What we need to look at is what plans do the centralized organization have to move to decentralized and really define what we mean by a decentralized protocol. Like BTC, Cardano has a hard cap, and is moving toward Voltaire.. which will make the governance of the protocol and the consensus of the protocol decentralized. You can't keep pretending like BTC will always be the only truly decentralized protocol in the space and start looking at the problems it solves. BTC solves money. Cardano solves financial services.
Love Jeff but he is completely wrong about ETH. He made the analogy of black berry and IPhone , well what made the IPhone so dynamic… apps , what does ETH have that BTC doesn’t apps or Dapps. Jeff doesn’t get to decide what has value that is the job of the market place and the market has spoken ETH has value
Ethereum has many fundamental problems. The biggest problem is being that it's centralized. All it would take is the gov to issue warrants on the foundation and it's game over. That's one of many central points of failure.
Booo! Clearly there are many that this is new to and as we chew on these realities as they evolve we need refreshes. You can entertain yourself where ever you wish. Why are you here?
When Jeff talks, I listen and learn.
3 🔥 episodes in a row….Saylor, Lowery, and Booth!! Incredible! 🤯
Yep definitely the best three in row I've listened to.
Aging like fine wine. I listen to it months ago and just clicked it on the post Preston shared and I'm back to refine the gold 😅
Jeff Booth is the Mister Rogers of Bitcoin.
LOL, I agree, except Mr. Rogers was a real simpleton.
He cares about our feelings
It's a beautiful day in the Bitcoin neighborhood!
so a fraud and a myth + liar as Rogers is misunderstood
Either that or Lao-Tzu.
I’ve been trying to put Jeff’s great quote into a simple rhyme. Here is the best I can do.
An abundance of money creates scarcity everywhere else
Scarcity in money creates abundance everywhere else
Money allowed to ever expand
Brings scarcity to every land
Money scarce and tightly bound
Creates abundance all around
Bitcoin Poem 031 - Written 10/20/22
Bitcoin is Abundance
Inspired by: Jeff Booth
From this quote
An abundance of money creates scarcity everywhere else
Scarcity in money creates abundance everywhere else
Money allowed to ever expand
Brings scarcity to every land
Money scarce and tightly bound
Creates abundance all around
An ever increasing money supply
Destroys our freedom by and by
We’re not even free to choose
We must spend now or we will lose
The Bitcoin Standard echoes true
A sounder money for me and you
Allowing us to save, or invest
Or buy the things that we think best
Let’s build the world we want to see
With lots of wealth and energy
A world where money’s scarce and tight
With freedom sure, our future’s bright
After listening to George Gammon connect with Jeff Booth on his channel, I realized I needed to follow everything Jeff Booth! Since then, after reading The Price of Tomorrow, I absorb everything this man has to say!
Incidentally, I watched all three interviews with Michael Saylor, Jason Lowery, and Jeff Booth! This understanding of our current world is absolutely fascinating!
Great job Preston!
With gratitude and appreciation...♥️
To use Jeff's words..."This is the way!"
yep - legends!
Wish one of the 50 books Jeff read every year is about the importance of a good microphone.
He was in Europe.
But, yes
Lol.
Huge credit to you both!!
Jeff’s emotional intelligence at the end when discussing the mindset frame of a victim is so beautiful ❤
God I feel so much smarter while listening to this!
A very significant Podcast not only being your 100th guest Preston, but Jeff frames the space in such a positive, productive, life changing way for everyone in the world. Thank you so much !
Always love Jeff’s insights. More inspiration for some Bitcoin Poems.
Jeff Booth has a really good understanding 🔥💯
Great as always! Jeff deserves more credit and praise than he gets. Such a classy guy and explains his points so well. Great interview once again Preston. Grateful for your work!
Fantastic info. A lot to understand. Going to take a few listening sessions. Thanks Gents.
Thank you both. So profound.
Preston on a winning streak last month wtf!!!
Thank you ❤🧡❤ Much respect to you both
Something that always annoyed me as a former IT and Telco network engineer was calling Blockchain protocols like Bitcoin, and Ethereum, Layer 1's. The OSI model already existed long before BTC, and layer 1 is the hardware (cables). L3 is Network so L4 is where these crypto protocols should be, and that is where TCP is. L7 is Application; but this has been labelled Layer 3 in crypto. Why reinvent the wheel, we already had/have a solid standard? The reason will be that it was software engineers not network engineers who were the poineers so everything started at the layer that is base layer to them.
OSI standard is in this order: Physical, Data Link, Network, Transport, Session, Presentation, and Application.
This guy makes me so bullish about the future!!
The idea that fiat is centralized monetary energy (that will come to an uncontrollable point and destroy a lot of people's lives), bitcoin on the other hand has the possibility of dissipating all that energy through monetary decentralization, what an amazing concept. Makes me think that someday in the future smart people will understand energy better and there will be a way to dissipate and harness the power of volcanic eruption, a hurricane, an earthquake, or any other natural disaster that we as humans fear. That's all they are, energy that is centralized and becomes uncontrollable and wreaks havoc when the energy is finally released. I really enjoy the philosophical, moral, and psychological conversations about bitcoin as opposed to price movements. Well done Preston and all of his guests.
It's not just centralized control over monetary energy is corrupt and a lie.
I found it a bit ironic that he refers to the "blockchain trilemma" 32:50 that was coined by Vitalik Buterin (co-founder of Ethereum) :)
Would love to see Jeff have a discussion with Peter Ziehan, as they have very different macro outlooks. I cannot refute either of their thesis, yet I think they would both benefit from their differing perspectives.
A+ 100% genuine top-notch human beings! Gives me hope that just maybe BTC CAN win!
You’re on a roll lately.
Poverty is a great motivator to hold up high that which we need to bring the world forward. Makes me think of men and women in India carrying giant bowls of flowers on their heads. The world with all its diversity, beauty and now integration through the internet has culminated through the ideas of people like Satoshi through mathematics and his knowledge of code and cryptography to bring about the one invention to bring us all together on this amazing planet. Bitcoin. Amazing. We are the culmination of all life on Earth and Bitcoin will bring us into the new age. I love this interview. Jeff Booth has a knack for making you think and Preston Pysh is a talented interview. Thank you boys for all your work.
35:46 Has the guest looked into ATOM? Seems like that protocols approach is to lend their security to the members and contributors that build within their ecosystem. This overlap allows for liquidity to grow within the DEX's and trading pairs.
I couldnt understand what funds hes talking about. Anyone here can clarify which ones booth said to watch
If you’ve ever heard Jeff Booth before you’ve heard this video
Preston, you should consider having on Aaron Segal who wrote a piece titled “Bitcoin Information Theory”. He has hedge fund experience and a good understanding of information processing and thermodynamics.
Your audience might find it a nice accompaniment to this series.
The global adoption of Bitcoin is inevitable. Just a matter of time now. You can truly amass generational wealth with Bitcoin and crypto if you’re in it for the tech. All that consistency and determination eventually pays off. ✨✨🚀🚀
What would have happened to the world of governments were not able to print money during covid? How will a bitcoin world deal with global emergencies?
man does Jeff know he's talking about dharma here?
We need to make adjustments here... all protocols start as centralized, including BTC. What we need to look at is what plans do the centralized organization have to move to decentralized and really define what we mean by a decentralized protocol.
Like BTC, Cardano has a hard cap, and is moving toward Voltaire.. which will make the governance of the protocol and the consensus of the protocol decentralized. You can't keep pretending like BTC will always be the only truly decentralized protocol in the space and start looking at the problems it solves.
BTC solves money.
Cardano solves financial services.
ooohhhh yyyyeeeeesssss !
The G20 frame of mind doesn't have the same framework for society as the common man does. Bitcoin solves this.
Love Jeff but he is completely wrong about ETH. He made the analogy of black berry and IPhone , well what made the IPhone so dynamic… apps , what does ETH have that BTC doesn’t apps or Dapps. Jeff doesn’t get to decide what has value that is the job of the market place and the market has spoken ETH has value
Ethereum has many fundamental problems. The biggest problem is being that it's centralized. All it would take is the gov to issue warrants on the foundation and it's game over. That's one of many central points of failure.
Two gigachads
Jeff is NOT A FAN of ETH!!!
All this talk about the trilemma cant be solved... meanwhile kadena already solved it and proved it. comon....
Seriously dude, interview some new people. This show is getting stale as hell.
Interview Trace Mayer atleast.
He’s doing shitloads of interviews. Maybe you should find some different channels
Booo! Clearly there are many that this is new to and as we chew on these realities as they evolve we need refreshes. You can entertain yourself where ever you wish. Why are you here?
@@dennisdonnelly4440 I'm not. Hence the comment.
@@JT__84 Done.