Read_536 - Bitcoin Information Theory B.I.T [Aaron Segal]

June 21, 2021 00:58:49
Read_536 - Bitcoin Information Theory B.I.T [Aaron Segal]
Bitcoin Audible
Read_536 - Bitcoin Information Theory B.I.T [Aaron Segal]

Jun 21 2021 | 00:58:49

/

Hosted By

Guy Swann

Show Notes

"A deflationary monetary system of absolute hard money acts as a mirror for value creation. It is a compass to guide us toward a better economic path." - Aaron Segal

From Bitcoin Magazine, we hit a fantastic piece on the nature of money as a tool for reducing informational entropy. Why a finite supply money, is ultimately the most pure form of money able to translate technological innovation into decreased uncertainty in an economic system. Don't miss Segal's "Bitcoin Information Theory"

Check out the original and other great pieces at Bitcoin Magazine:
https://bitcoinmagazine.com/culture/bitcoin-information-theory-bit

The other excellent pieces mentioned that dig further into this topic, the ideas of pricing in an economy, & why our system has been skewed to strip the economic machine of growth and productivity:
"The Capital Strip Mine" by Allen Farringtion:
https://bitcoinaudible.com/the-capital-strip-mine/
"The Use of Knowledge in Society" by F.A. Hayek:
https://bitcoinaudible.com/hayeks-use-of-knowledge-in-society-part-1-2/

And our amazing sponsors for today's show, keeping Bitcoin Audible alive!
The BitBox02 hardware wallet for the trifecta of ease of use, security, & open source key storage.
SwanBitcoin.com for the automatic Bitcoin savings plan, automatic withdrawal, & low fee sat stacking.

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

Other Episodes

Episode

May 21, 2025 01:47:37
Episode Cover

Chat_133 - Bitcoin Development & Controversy with Antoine Poinsot

"People can use inscriptions today and they do use them.If on the one hand you believe that marginally raising the costs to unwanted usage...

Listen

Episode

September 14, 2018 00:27:32
Episode Cover

CryptoQuikRead_150 - Why I wrote PGP [Phil Zimmerman]

“If we do nothing, new technologies will give the government new automatic surveillance capabilities that Stalin could never have dreamed of. The only way...

Listen

Episode

October 26, 2021 00:58:23
Episode Cover

Read_573 - Why You Cant Have a PPE Curriculum Without Bitcoin [Hass McCook]

“Freedom, transparency, honesty, meritocracy, fairness, voluntaryism and hard work are great things one should strive toward, whether it is in developing money or living...

Listen