CryptoQuikRead_338 - The Information Theory of Money [Dan Held]

January 10, 2020 00:54:40
CryptoQuikRead_338 - The Information Theory of Money [Dan Held]
Bitcoin Audible
CryptoQuikRead_338 - The Information Theory of Money [Dan Held]

Jan 10 2020 | 00:54:40

/

Hosted By

Guy Swann

Show Notes

"Prices are the coordinating force of a free market system. Each individual decision-maker can rely on the prices of goods and services to help with their decision making, as the prices themselves are a distillation of all known market information into a single metric."  - Dan Held

This is one of those articles that just explores the emergent brilliance of the free market system & easily got me into a near 40 minute rant afterward. Prices are not arbitrary, and a market price is quite possibly the most information dense piece of actionable data you can find anywhere. Learn all about it, in this piece from The Bitcoin Times Ed 2, "The Information Theory of Money."

Below are the links to follow Dan Held for more great work, drop some applause on this article, and follow @timelessbitcoin so you don't miss anything from this publication:
https://twitter.com/danheld
https://medium.com/the-bitcoin-times/information-theory-of-money-36247aebdfe1
https://twitter.com/TimelessBitcoin

Things you must also listen to because I told you to!

• Hayek's "Use of Knowledge in Society"
Part 1 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_250---Use-of-Knowledge-in-Society-Part-1---F--A--Hayek-e43pfj
Part 2 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_251---Use-of-Knowledge-in-Society-Part-2---F--A--Hayek-e444k0

• Leonard Reed's "I, Pencil"
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_123---I--Pencil-Leonard-E--Read-e2ndqm

• TEDtalk "How I Built a Toaster... from Scratch"
https://www.ted.com/talks/thomas_thwaites_how_i_built_a_toaster_from_scratch#t-12942

If you are enjoying the show & would like to support my work in turning all of the most fascinating and profound works in the Bitcoin space into the audio versions they deserve, become a patron! Not to mention you will get access to the Crpytoconomy Telegram Crew where we hang out and worship the Light of Nakamoto! XD
www.patreon.com/thecryptoconomy

--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

Other Episodes

Episode

August 14, 2018 00:35:52
Episode Cover

CryptoQuikRead_130 - Media Coverage of Bitcoin is Still a Total Disaster

“I’m going to expose the Washington Post/Wonkblog piece for the nonsensical ramble that it is… in short, it relies on mistaken assumptions to paint...

Listen

Episode

October 27, 2020 00:47:09
Episode Cover

Read_454 - The Last Word on Bitcoin's Energy Consumption [Nic Carter]

"If your local energy cost is effectively zero but you cannot sell your energy anywhere, the existence of a global buyer for energy is...

Listen

Episode

November 16, 2021 01:52:47
Episode Cover

Chat #64 - Greg Foss & Preston Pysh on Bitcoin & the Bond Blowup

Today we have an incredible conversation with Preston Pysh and Greg Foss on the Bond markets, the shifting sands of the global financial world,...

Listen