Why Deflation is the Key to Abundance with Jeff Booth

👉🏻 Engage top talent and empower your team with Bitcoin saving: https://www.blockrewards.ca Welcome to The Block Reward, your go-to Bitcoin Podcast. We're dedicated to providing approachable Bitcoin content tailored for newcomers and enthusiasts alike. Subscribe and hit the bell icon to stay updated on our latest episodes! This week host Scott Dedels chats with Jeff Booth, esteemed tech entrepreneur and author of "The Price of Tomorrow". Jeff unravels the paradox of deflationary technology within our inflationary monetary framework and illuminates Bitcoin's potential as a beacon of hope for a fair economic future. Together, they tackle AI's transformative impact and the essence of a decentralized financial system. Don’t miss this insightful exploration into how Bitcoin could shape a world where technology enhances, not hinders, our prosperity. Discover the intersection of innovation, economy, and integrity in this thought-provoking episode. Jeff Booth is a visionary leader who has lived at the forefront of technology change for 20 years. He led BuildDirect, a technology company that aimed to simplify the building industry, for nearly two decades through the dot-com meltdown, the 2008 financial crisis, and many waves of technological disruption. In January 2020, Jeff released his first book titled “The Price of Tomorrow – Why Deflation is Key to an Abundant Future”. In it, Jeff offers his provocative thesis about the current state of our economies and what must happen to enable a brighter future. Jeff has been featured in Forbes, TechCrunch, Inc.com, The Globe and Mail, BNN, Fast Company, Entrepreneur, Bloomberg, TIME, and The Wall Street Journal. In 2015, he was named BC Technology Industry Association’s (BCTIA) ‘Person of the Year’, and in 2016 Goldman Sachs named him among its ‘100 Most Intriguing Entrepreneurs’. He is a Founding Partner of OtioLabs, Co-Founder of addyinvest.com and NocNoc, and serves on the boards of Terramera, Cubic Farms, LlamaZOO, Synthiam and the Richmond Hospital Foundation as well as numerous advisory boards. He has been a Young Presidents Organization member since 2004 and contributes time as a Founding Fellow on the Creative Destruction Lab. In his downtime, Jeff can be found at the lake playing his guitar around a campfire with his family and friends, enjoying watersports or skiing at the local Vancouver mountains. He is also dedicated to learning and reads about 50 books a year. Topics Discussed: Deflationary nature of technology Bitcoin's decentralized ledger system Transitioning to a Bitcoin-enabled economic system Bitcoin vs. other cryptocurrencies' and their security AI's potential controlled through Bitcoin Timestamps: 03:42 "The Price of Tomorrow" book incorporates Bitcoin ideas for navigating change. 15:53 Bitcoin's impact on market and technology. 17:33 Fiat monetary systems struggle to keep up with technology. 29:55 Bitcoin's design prioritizes decentralization and security, which has been improving every year. 37:54 The accelerating rate of the improvement of AI and its relation to Bitcoin 39:08 Observing rapid exponential growth and subsequent progress. 45:58 Acknowledging personal responsibility for negative actions amid a high rate of theft. 49:35 Printing money and how it led to unintended negative consequences. Bitcoin is the most important incentive an employer can offer today. To learn more about how your company can start incorporating Bitcoin into compensation and rewards, visit www.blockrewards.ca