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

January 10, 2023 01:24:55
Episode Cover

Guy's Take #62 - Dear Peter Zeihan...

How much economic ignorance can you fit into 1 minute and 54 seconds? Well apparently its quite a lot. Peter Zeihan confidently embarrassed himself...

Listen

Episode

January 24, 2020 00:33:21
Episode Cover

CryptoQuikRead_344 - Efficient Markets & Bitcoin's Stock to Flow [PlanB]

"A first reaction could be that it is a great investment opportunity. A better reaction (from an EMH and non arbitrage point of view)...

Listen

Episode

June 13, 2024 00:58:44
Episode Cover

Guy's Take_087 - Credit, Burning Cash, and Real Growth

Is deflation always a bad thing, or have we misunderstood its true impact on the economy? Join me as I unravel the misconceptions about...

Listen