Tech Talk: Opting-In to Crypto, Wealth Inequality, Deflation vs. Inflation and Chamath Palihapitiya
In this episode, @taskmaster4450 and I dove into the world of inflation and deflation. We’ve talked in the past about technological innovation and how the rapid pace of technology is continuously pushing forward a need for capital, new ideas and consumer access.
We also focused in on how tech innovations actually offset inflation and lead to deflation.
While the world (especially in crypto) is focused on a potential boom of hyper inflation, there are still many reasons why the dollar could actually deflate.
In sharing a video with Chamath Palihapitiya, we saw that there are many out there who understand this concept of deflation thanks to technology and how the world is going to need trillions and trillions of dollars to fund the next frontiers of innovation.
In the video, Chamath broke down some areas that will require immense amounts of capital and how he foresees all of this stimulus playing out.
Another important topic is that of wealth inequality. In a time of Brrrrrrr activities from the Fed, we see asset prices inflating and with them, the gap between the haves and have nots.
We tackle these concepts and more in today’s episode with a distinct focus on cryptocurrencies/technology and how these converging forces can solve issues like wealth inequality.
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