Shownotes Transcript
Lyn Alden of Lyn Alden Investment Strategy and Jeff Booth, entrepreneur and author of The Price of Tomorrow held a lively discussion about technology as a deflationary force, long-term debt cycles, and Bitcoin as a solution to unpayable sovereign debt.
Why Bitcoin is Not a Ponzi Schemehttps://www.swanbitcoin.com/why-bitco)...
The Fraying of the US Global Currency Reserve Systemhttps://www.lynalden.com/fraying-petr)...
7 Misconceptions about Bitcoin, and Where to Buyhttps://www.lynalden.com/misconceptio)...
The Greatest Gamehttps://medium.com/the-bitcoin-times/)...
Lyn Alden's Websitehttps://www.lynalden.com/)Follow Lyn on Twitter: https://twitter.com/LynAldenContact)
Jeff Booth's Websitehttps://www.jeffreybooth.com/)Follow Jeff on Twitter: https://twitter.com/JeffBooth)
Summary:00:00 Introduction5:30 Break Down of the Dollar8:30 History of the Dollar as the World Reserve Currency16:30 Consequences of our Unstable World Monetary Policy18:25 Triffin’s Dilemma21:30 How Fiat Causes the Concentration of Wealth26:30 The Effects of Time-Theft32:00 Monopoly Money vs. Bitcoin40:00 World Reaction to Bitcoin, Deflation, & Network Effects47:00 Short Term Effects of a Potential “Unwinding”56:00 Debunking FUD56:30 “Bitcoin Is A Bubble”1:02:00 “Bitcoin’s Intrinsic Value Is Zero”1:03:00 “Bitcoin Isn’t Scalable”1:05:00 “Bitcoin Wastes Energy”1:07:30 “Bitcoin Is Too Volatile”1:09:15 “Bitcoin Is A Ponzi Scheme”1:13:00 “The Government Will Ban Bitcoin”1:15:00 Closing Thoughts1:20:00 SSL Sign-Off
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