Jeff Booth ⚡️
@JeffBooth
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Entrepreneur, Author of The Price of Tomorrow,GP@EgoDeathCapital, #Bitcoin #Nostr npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe
Vancouver
Joined September 2008
We are told we need inflation. This is not true. It only seems true because the rules of the game were designed that way.
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It is still early on the #Bitcoin lightning network, but once businesses realize that they can reduce transaction fees and improve their profits by 2.5- 3.5% by cutting out Visa or Mastercard, what do you think will happen?.Just getting started. .
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1) In the game Monopoly, once enough properties are owned by a single player, renters can't afford to pay rents and are therefore forced into bankruptcy - and the game ends.
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1) Serious question @BillGates. How is possible to solve climate change from an economic system that REQUIRES inflation?.
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El Salvador to sign bill to make #Bitcoin legal tender. It is impossible to stop an idea whose time has come. @JackMallers - well done!.
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@PrestonPysh @elonmusk You know that sick feeling when someone you believed cared about doing the right thing. was just in it for the money/power. Same feeling I had when I realized Lance Armstrong was a hypocrite.
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By manipulating money to ensure prices continually rise, the current monetary system is creating modern day slavery for vast portions of the population. If it feels like you’re working harder but can’t save enough to escape, you’re correct. #Bitcoin.
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Can you imagine telling your kids one day that you didn't stand up for a technology that empowered individual rights and freedoms and set the world on a path to abundance, so that you could gain or keep more control? . I can't, and that is why #Bitcoin.
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Another friend and private company CEO called me today to talk abut moving their significant treasury to Bitcoin.
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It's surreal that we've created a world that requires people to literally gamble on where to place their money to avoid it losing its purchasing power. And then people wonder why problems of the world are escalating. #Bitcoin.
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Does anyone else find it wild that people worry about #Bitcoin price falling due to trusted counterparties that levered up and are now failing. while concurrently dismissing that the entire financial system of the world is made up of far more leverage and counterparty risk?.
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One of the things that contributes to confusion when money is manipulated is that big numbers are difficult for our brains to process and compare.
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This is bigger than people realize.
The Land of the Free 🇸🇻.
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The worlds 500 richest have grown their wealth by 40% to $8.4 Trillion in the last 18 months. This is a DIRECT result of manipulating $$ to drive inflation. stealing from the middle class and poor to give to the rich. Inflation is the greatest theft of our time!. #Bitcoin.
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While most don't know it, cheering against a technology of empowerment like #Bitcoin means you would rather have a managed economy, the concentration of wealth/power and eventually, the loss of rights and freedoms. If you aren't familiar with how that ends, look through history.
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China has the best marketing in the world against a CBDC. (centrally controlled digital currency) . Giving a state that much control over you guarantees that they will use it. #Bitcoin.
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The problem that she is trying to solve is: . How can I continue to extract wealth from the population through manipulated money?. From that point of view - her solution is sound. But for you - it's slavery. #Bitcoin.
“Let’s do a central bank digital currency … I think it’s time for us to move in that direction.”. Amid Sen. Warren’s moralizing on crypto money laundering, never forget what her ultimate goal is: the destruction of Bitcoin to make way for a CBDC. Warren is usually effective at
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With Davos kicking off, you might ask yourself how an unelected lobbying group (WEF), funded by the top 1000 companies in the world has become so influential in media, politics, and what your life might look like if Klaus Schwab's vision of the world takes shape. #Bitcoin.
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@SenWarren Could you please let us know specifically how the climate can be saved from a system that requires never ending growth (and will manipulate money to get it).An inflationary monetary system is incompatible with environmentalism. #Bitcoin saves the planet!.
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For anyone worried about short term price action on #Bitcoin, its worth pointing out that It wouldn't be the best asymmetric bet of your lifetime. if everyone else saw what was coming. Being early ensures being misunderstood by the majority.
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One system decaying, one system emerging. The one emerging is based on truth, freedom and hope for a better future. The one decaying is not. #Bitcoin.
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China banning #bitcoin is screaming at people who want to live in freedom exactly why they need it. Pay attention unless you want to live under complete state control and surveillance.
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Until my thesis is invalidated, or an opposing view to a transition that makes any sense is put forward, I continue to buy. and everything I see only reinforces how early we are in this transition. #Bitcoin.
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@nayibbukele @Dennis_Porter_ Smart! Your tourism increase alone is enough to pay for your holdings. Add the entrepreneurs moving there to build the future, and what it does to help the citizens of El Salvador and it seems like a pretty great bet.
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We are moving from a monetary system that unfairly transfers the productivity gains from technology to the rich and powerful through inflation, to one where the productivity gains will be shared by all. The earlier you understand the implications, the better. #Bitcoin.
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It's not Bitcoin that has the risk. It's the ~ $128 trillion in negative real rates bonds, and what happens at the exit doors as more people come to understand that the thing they believe is risk free - is not.
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For the first time in history, the free market is coming to money. and it changes everything. #Bitcoin.
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All the world waits on what a small group of people with backwards looking information will do to pretend they are in control of a financial system that is past the point of rescue. #Bitcoin.
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I think that over time, the term #bitcoin maxi will turn into a compliment for critical thinking skills.
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2008 was a walk in the park compared to what is coming. Unfortunately, the global nature of the problem, combined with people who think it can be fixed from the system will ensure chaos. If you don't already have #Bitcoin in self custody, you "might" want to get some.
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Bitcoin might just be humanities greatest invention because it allows changes without historical precedent, and allows humanity a great leap forward as a result. With a "potential" change of this magnitude, you owe it to yourself to really understand it.
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Why would you decide to stay in a system where (one way or another) you will be forced to pay back $400 trillion of insolvent debt, when you can so easily step into a new system without that insolvency, forced compliance and counterparty risk? . #Bitcoin.
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Horses and buggies were once a very valuable form of transportation, before technology created something better. Bonds, real estate, etc were once a reasonable place to store your wealth, until technology created something better. #Bitcoin.
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@POTUS I’m sick and tired of politicians and Central Banks destroying the free market by creating inflation which enriches the super wealthy while impoverishing others….and then pretending taxes is a fix. (And dividing society with their nonsense).
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How is it possible that almost the entire world can talk about fixing climate. through an inflationary monetary system that MUST destroy our planet? . A system problem cannot be solved from the system that creates the problem!!!.
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Using critical thought, tell me why your money being worth less each year is required for an economy to function. Inflation is merely a theft perpetrated on most of society for control, and advancing technology is making that theft impossible to ignore.
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@wef I did not believe in conspiracy theories until the WEF “jumped the shark” in promoting misinformation. Who might win when an unelected lobbying group funded by the top 1000 companies directs policy?.
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Correction: .Some governments are trying to pull a fast one by shrinking the value of their currency little by little - hoping you won’t notice. I’m tired of it too. #Bitcoin.
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If you don't have #Bitcoin in cold storage yet, you may want to get on it. The slow moving train wreck of manipulated money and all of its unintended consequences is quickly picking up speed.
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@davidmarcus @PayPal Your money isn't really your money if it's held by someone else who can change rules. Now apply this to banks or other exchanges and you'll see what you believe is safe and secure. is not in fact risk free. #Bitcoin.
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Listening in real time to @nayibbukele talking about #bitcoin and how it creates a better future. What a world when a leader can bypass traditional media and directly engage with 19,000 on key issues in real time. Makes me real hopeful for humanity.
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Imagine choosing a side of history where winning was at the expense of the majority of the population of the world through manipulation, lies and deception. I sleep well knowing that I’m on the side of truth, and that there are more of us every day. #Bitcoin.
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The thing that stood out for me about everyone I met at the #Bitcoin conference. Price was down, but every person was filled with hope and love. I've never seen anything like it. Maybe that is the natural state of humans when money comes out of the darkness and into the light.
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The world is in the midst of an epic battle between individual rights and freedoms on one side, and (eventually) complete state control by the biggest thug on the other. I know which side I'm on. #bitcoin - for humanity.
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Tomorrow, El Salvador will officially begin using #Bitcoin as its national currency. If you live in a country where rights and freedoms are taken for granted b/c of a strong financial system, it might be easy to miss the significance. and what it means for the future of money.
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A parallel system bringing truth, hope, and abundance to our world is growing much faster than people realize and we feel super fortunate to be a part of it. ego death capital raising $100 million Fund II to accelerate the Bitcoin ecosystem - .
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Demand destruction incoming. Credit crisis incoming. Energy crisis incoming.Food scarcity/starvation incoming. uprisings incoming. All because of a failure to understand the system transition we are in the midst of. There is hope - but it will be built on #Bitcoin.
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If you haven't considered the next steps of concentrating all power in the hands of a few through a Central Bank Digital currency with artificial intelligence, 24/7 monitoring, and robotics. you neither understand human nature, or how absolute power corrupts. #Bitcoin.
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When centralized systems are manipulated, trust is lost. And….centralized systems inevitably become manipulated to protect one group of people at expense of others. That is central banking and that is why our world is in chaos. #Bitcoin.
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A 🧵.1) El Salvador has reaffirmed to me what I have learned from my travels throughout the world. The vast majority of people in this world are beautiful people. With similar hopes and dreams for a better life for themselves and their families, trying their best to achieve it.
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Bitcoin is inevitable but even if it failed, my life would be enriched by all of the beautiful relationships gained through alignment of values that make the world a better place. If you're measuring #Bitcoin price through a manipulated monetary system, you're missing the point.
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Manipulation of money IS a manipulation of people. The growing divide in society is just a reflection. #Bitcoin.
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Unless your thesis has changed, thinking about the short term price of anything probably means you're more concerned about trading, than long term value creation. A requirement of an asymmetric bet is that the majority of people misunderstand it. #Bitcoin.
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Really excited to be launching with @PrestonPysh @LynAldenContact, @nico_lechuga, and @1andipitt . A #Bitcoin only ecosystem fund to support the growing ecosystem and entrepreneurs. My reasons:
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Many of the world biggest problems will get much worse by trying to solve them from the same economic system that is creating them. While #Bitcoin creates a parallel system based on truth, hope and freedom, one person (or country) at a time.
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Instead of defending Bitcoin, ask people to defend a monetary policy that REQUIRES endless printing and manipulation.
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It still surprises me that so many people believe that money needs to be worth less each year for humanity to thrive, when it is that very thing causing society to turn on each other. For everyone else, at least there is #Bitcoin.
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It’s fascinating to me to see how many artists and musicians have embraced #bitcoin because it is often artists who sense system changes and what is coming…. long before others.
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Energy will be priced in #Bitcoin. With new energy sources, and game theory playing out before our eyes, there is simply no war machine big enough to break that trend.
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#Bitcoin is a non violent protest that builds a bridge to a world of truth, hope and abundance. If that doesn't make sense to you yet, it is highly likely that you're measuring a system problem from the system that is creating the problem. Seeing it, only takes an open mind.
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What most don't realize is that as each nation turns to #Bitcoin in their own self interests, they in turn reinforce the network for the best interests of all. Incredible times as the world moves from a system of coercion to cooperation.
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The "great reset" is likely to not come from a small group of power brokers vying for control. but instead through a decentralized monetary network that fixes the incentive structure of the world and empowers billions of people as a result. #Bitcoin.
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If your Government tries to ban #Bitcoin, they are screaming at you as to why you might need it. All you need to do is listen.
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Saudis considering pricing oil in Yuan while China pegs Yuan to US. China eases to "save" the economy. US easing coming soon. Geopolitical risks rising every day because of manipulated money, with no way out from the system. And #Bitcoin still emerging to fix it all.
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It is not a weakness to change your mind when new information conflicts with your mental model of what you previously believed. It is called learning - and it is a strength.
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Inflation is NOT required for a productive economy. Inflation IS required to avoid insolvency which means that your wages and saving need to be confiscated in real terms to pretend things work. These are different and it's time people stopped conflating them. #Bitcoin.
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If you know that the system is broken, and the thing holding you back from #Bitcoin is a belief that a government will try to stop it to retain their control over you, then you are unwittingly giving them that power. Each of our actions make a difference in the world we see.
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@SenWarren What would those unfairly extracting wealth that should flow to society in the form of lower prices, say about a system that gives it back? .The good news is that the people you pretend to protect with your deceit, are starting to understand the the real reason you hate #Bitcoin.
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I was blown away by how good the Microstrategy conference was this week and how many businesses were actively engaged in learning how #Bitcoin and #Lightning could bring value. Thanks @Saylor and the entire team for such an extraordinary event with such great people.
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@elonmusk @Cointelegraph While it is clear that the energy debate about #Bitcoin is complete nonsense, and you know it, I do understand that this gives you "cover". #Bitcoin sets the world on a path of abundance and individual rights and freedoms by stopping corruption of money, and centralized control.
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A market where a few people decide the fate of everyone else by giving instruction to when and how much money is manipulated…. isn’t a market - It is a control structure. #Bitcoin.
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While the world strains under the weight of a slowly collapsing monetary system that will get worse, it is impossible to leave the #Bitcoin conference without hope for our collective future because of all the amazing and intelligent people building it.
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1) Imagine a society where it was almost universally accepted that it was okay to take something from you, without your knowledge, and gives it to someone else. That is the world we live in. And it is called. inflation.
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History will look back on this time period and ask: . Why did people not see that their money being worth less each year was a not a requirement for a productive society?. It was only a parlour trick designed to give some humans control over other humans.
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If the Fed carries forward with tightening, what you are starting to see in the stock market will be the least of your concerns. When they capitulate because of that…you may realize that an economy that only works because of manipulation, doesn’t actually work!. #Bitcoin.
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The FED tightening and then going into #Bitcoin in a big way would likely turn out to be the best strategic move in history. providing a path to a neutral reserve currency while concurrently promoting the free market, and reducing the power of dictators over their citizens.
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What happens to a democracy if you don’t have a vote in how much your money loses value, and that unjust transfer of wealth and power drives almost every other economic and social outcome? . #Bitcoin.
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Technology saves our time giving us more for less. Why is it then, that most people are working harder just to keep up?. The answer to that question will take you on a journey down the rabbit hole to why #bitcoin may be humanity’s greatest invention.
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China can turn off all the Bitcoin mining they want. Free countries, enabling freedom for their citizens, and a transition to clean abundant power will happily fill the void.
Soon, that well is going to look like this. And half a mile from it, the #bitcoin mining facility. Designing that as we tweet.
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I found a new way to demonstrate. that what is happening to our financial system is due to it being at directly at odds with the productivity gains driven by technology. Ironically, by using that same technology. Hope it helps! .Original post here:
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If you could convince people that debt, and then inflation (through manipulating money) was required for a productive economy, you could amass incredible power & wealth from by stealing from them without their knowledge. Some of those people might even call you elite. #Bitcoin.
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It is surreal that 50 years after Bretton Woods agreement effectively ended with the Nixon shock, that I’m at this grand hotel today talking about a new open decentralized monetary system that allows a peaceful transition to the future. #Bitcoin.
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When you think how ludicrous it is that all trade between humans rests on a control structure where a small number of people can create money out of nothing, all of the other problems in the world start to make a lot more sense. #Bitcoin.
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