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

November 29, 2024 02:14:13
Episode Cover

Roundtable_004 - Nov 2024 - Trump, Hash Collisions, Court Rulings, Covenants, All Time Highs, and What We Don't Know

Guy's Roundtable gets together for another awesome breakdown. Covering all the happenings this month: Trump wins the election, new bitcoin innovations, court rulings on...

Listen

Episode

May 20, 2021 00:36:50
Episode Cover

Read_529 - Orange is the New Green [Knut Svanholm]

"Money condenses energy. Bitcoin is the first and only tool we have for converting electric energy to monetary energy. Now what does this do...

Listen

Episode

July 08, 2020 00:19:41
Episode Cover

Read_416 - The Root of Money? [Atlas Shrugged]

"Rearden heard Bertram Scudder, outside the group, say to a girl who made some sound of indignation, “Don’t let him disturb you. You know,...

Listen