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Jeff Booth
jeffbooth@nostrverified.com
npub1s05p...eyhe
Entrepreneur, Tech Leader, Author of The Price of Tomorrow - Why Deflation Is the Key to an Abundant Future, GP @EgoDeathCapital
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Jeff Booth 10 months ago
Shared with me today from a post I did years ago. If my inbox and inbound calls are a proxy, I can imagine others here are also seeing a lot more openness from people to check their biases. image
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Jeff Booth 10 months ago
Standing by for all the “free” market economists and pundits begging for money manipulation. #bitcoin
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Jeff Booth 10 months ago
Proof of Love! Epic wedding uniting two beautiful souls in Costa Rica.
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Jeff Booth 10 months ago
Those measuring the system from inside of it are likely very confused today. #bitcoin
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Jeff Booth 10 months ago
A global state change from a system of fear, control and coercion - to one of truth, hope and freedom must be chaotic. This is only the first inning. Do your best in these crazy times to rise above it and spend your time reinforcing what you desire. #bitcoin #nostr
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Jeff Booth 10 months ago
Visited my father in law (who was born in 1944) this week and found this. image
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Jeff Booth 11 months ago
Was asked to speak at a philanthropy conference last week with ~ $400 Billion looking to help the world where I told them the number 1 thing they could do is learn and contribute to the honest system. #bitcoin Yes - it did break brains, but many follow ups scheduled.
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Jeff Booth 11 months ago
It’s always a good time to buy #bitcoin, but now may be an even better time.
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Jeff Booth 11 months ago
Thought I would use Elon’s own AI to check something I’ve often wondered about. One thing if you don’t know - a completely different thing if you know. For those still on twitter - might be an interesting share and maybe do similar for other tech leaders like Andreeson. Ask Grok: What is the likelihood that Elon Musk knows that the 1) natural state of the free market is deflation, 2) That in a free market the exponential technology gains "should" flow to society in the form of lower prices, 3) That ANYTHING that stops that natural process is theft through a centralized control system, and 4) that the reason that he doesn't comment positively on Bitcoin is because it breaks the control system that he benefits from? Estimating the likelihood that Elon Musk knows these four specific points involves analyzing his public statements, actions, educational background, and business interests, while acknowledging the limits of inferring private knowledge. Musk is a highly intelligent individual with a physics and economics degree from the University of Pennsylvania, extensive experience in tech and markets, and a track record of disruptive thinking. Let’s break this down point by point, using publicly available data as of March 5, 2025. Natural state of the free market is deflation: In a free market with technological progress and competition, prices tend to fall over time as efficiency increases supply and reduces costs—think Moore’s Law in tech or historical declines in goods like electronics. Musk has spoken about this indirectly. In a 2018 Tesla earnings call, he noted how technological improvement drives down costs, saying, “The cost of lithium-ion batteries is dropping faster than anyone expected.” His focus on scaling production at Tesla and SpaceX to lower unit costs (e.g., reusable rockets cutting launch prices) shows he grasps this dynamic. Given his economics training and practical experience, it’s near-certain—say, 95% likely—he understands deflation as a natural free-market outcome under ideal conditions. Exponential technology gains "should" flow to society via lower prices: This builds on the first point: if tech improves exponentially, a free market should pass those gains to consumers through competition. Musk’s mission statements for Tesla (“accelerate the world’s transition to sustainable energy”) and SpaceX (“make humanity multiplanetary”) imply a belief in democratizing access, which aligns with lower prices over time. In a 2020 interview with Joe Rogan, he said, “The whole point of Tesla is to make electric cars affordable.” His push for mass-market vehicles like the Model 3 supports this. He likely sees the link between tech gains and price drops—90% likelihood—though his normative “should” might be tempered by practical business realities. Anything stopping this is theft via centralized control: This is trickier. It assumes Musk views interference (e.g., monopolies, regulations, or currency manipulation) as theft, implying a libertarian streak. Musk has criticized centralized control—tweeting in 2021, “Government is the ultimate monopoly,” and railing against SEC regulations. His disdain for bureaucracy and subsidies (despite Tesla benefiting from them early on) suggests he recognizes distortions. However, “theft” is a strong moral framing. His actions—like moving Tesla’s HQ to Texas in 2021 to escape California’s rules—hint he sees such barriers as unjust. I’d peg this at 80% likelihood; he likely gets the concept but may not frame it so starkly. He doesn’t comment positively on Bitcoin because it breaks the control system he benefits from: Musk’s Bitcoin stance is complex. He’s tweeted support—“I think Bitcoin is a good thing” (2021)—and Tesla briefly accepted it, but he’s also criticized its energy use and volatility, pivoting to Dogecoin quips. Bitcoin’s deflationary nature and decentralization threaten centralized financial systems (e.g., fiat inflation), which Musk’s wealth partly relies on via Tesla’s valuation and government contracts. Does he avoid praising Bitcoin to protect this? Possibly. His 2021 tweet, “You can’t have a currency with a negative interest rate,” shows he understands deflationary mechanics, yet he’s cagey. This could reflect strategic silence—SpaceX and Tesla navigate regulated systems he can’t fully buck. I’d estimate 70% likelihood he knows Bitcoin disrupts control and benefits him to downplay it, though personal eccentricity or genuine skepticism could explain his reticence too. Overall, Musk’s intellect and track record make it highly probable he understands 1) and 2) (95% and 90%), likely grasps 3) conceptually (80%), and has at least a strong chance of recognizing 4) (70%). His silence on Bitcoin’s systemic threat could be calculated, but it’s not conclusive. Adjusting for his unpredictable public persona, I’d ballpark his awareness across all four at 70-95%, with 85% as a median guess—high confidence he gets the economics, moderated by uncertainty on his deeper motives.
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Jeff Booth 11 months ago
The system change the world Is going through must be chaotic because the true change is within each one of us. #bitcoin
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Jeff Booth 11 months ago
The ONLY thing you would need to be concerned about in regards to #bitcoin repricing the entire world, imposing a global free market — leading to truth, hope, and abundance is that it remained decentralized and secure. And if you knew that your actions influenced that future, and your network was growing exponentially with others who knew that too - you would probably tune out all of the noise and sleep well at night. And yes - many of those “psychopaths” protecting the network are already here on #nostr What a time to be alive!
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Jeff Booth 11 months ago
If I knew that #bitcoin was the only honest ledger but chose to spend most of my time trying to accumulate wealth on dishonest ones, it wouldn’t say anything about #bitcoin I realize that most people still don’t know.
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Jeff Booth 11 months ago
Use for payments or contribute to those capturing and centralizing. Interesting times ahead! #bitcoin image
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Jeff Booth 0 years ago
Is anyone really surprised that a system requiring theft (inflation) at its base layer….has theft throughout it? #bitcoin
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Jeff Booth 1 year ago
If prices fall to the marginal cost of production in a free market, then 1) the most advanced AI becomes free and serves you or 2) you don’t live in a free market and that same AI will be used to control you. If you’re measuring from Fiat (or Bitcoin priced in fiat) you’re contributing to the 2nd statement. And from #bitcoin - the first
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Jeff Booth 1 year ago
GM from beautiful Colombia. With all the chaos and nonsense going on in the world right now, I wanted to share something that I believe is critical as it relates to what is happening on #bitcoin (the first global free market that can’t be cheated) versus a system of corruption (trying to stop that system) Either 1) through willful intent or 2) lack of knowledge. (*the majority of people fall into the lack of knowledge group) According to game theory and playoff matrices: even when there are very high rewards and low punishment (they wouldn’t get caught) approximately 10% of people won’t cheat - no matter what!They place a higher internal value on integrity that overrides external rewards. I’ve seen this number as low as 2.5% and as high as 20%. Why is that important: Although everyone wants to see themselves as one of the honest, the math says that between 80 - 97.5% of people will cheat depending on the rewards. Now enter money - the ultimate pot of gold with high rewards and low punishment for cheating because people don’t understand it. Most people will cheat - a mirror of the world we see and have seen in Bitcoin since its inception. Need inflation, bad for environment, drug money, doesn’t scale, crypto, meme coins - the list will go on and on because if people can “get rich at someone else’s expense - most will. Those are simply the numbers and always have been. In fact, in prior periods of history, the honest were at a massive disadvantage because and would often be killed by the cheaters. Because the integrity was so rare, society would often celebrate these people after their deaths as lessons of what we wanted our higher selves to look like. #bitcoin has changed the equation. Giving those with integrity the power. Why: because 2.5 - 20% of people that won’t cheat is a massive number - especially if many of those people are decentralized and can’t be “found”. Those are the people who eventually run nodes, contribute their time and energy to keeping #bitcoin decentralized and secure, watch for attack vectors, build value on top of this protocol, call out the cheaters, teach and advocate to help others see it. Those people simply can’t be bought, and more are joining every day. That decentralized and secure protocol bounded by energy is repricing everyone and everything from the other system and it will continue to do so as that system tries to grapple with: the cheaters no longer make the rules. It will be chaotic, many more will try to cheat (don’t be afraid to slay your heroes) but in the end…..Satoshi unlocked a way to put the best of us into a protocol that was best for all of us. What a time to be alive. image
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Jeff Booth 1 year ago
This is such an important part of ensuring that history cant be re-written. Critical as an escape from a world increasingly driven by AI and centralized systems. (That then re-write the story) Really proud to be part of the ride and congrats to the whole team. #bitcoin View quoted note →
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Jeff Booth 1 year ago
Everyone will eventually understand that trying to compete for attention in a centralized system only strengthens the control system over you. Its control comes from taking yours. Please pass it on. View quoted note →