Keynote Summary of Jeff Booth’s talk – We are in fold 34: How exponential technology will change our understanding of economics
“Abundance in money leads to scarcity everywhere else. Scarcity in money leads to abundance everywhere else.”
— Jeff Booth
Introduction
Jeff Booth, entrepreneur and author of The Price of Tomorrow, delivered a keynote exploring how exponential technological progress is fundamentally at odds with our current economic systems. He challenges traditional views of inflation, central banking, and economic measurement, arguing that deflation—typically seen as dangerous—is actually a sign of progress in a world driven by accelerating technology. Booth advocates for Bitcoin as a necessary system transition to accommodate this new reality
List of Important Topics of the Keynote
- Bitcoin Network Effects and the Role of Lightning Network