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

Published: June 21, 2021, 8:25 p.m.

"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\n\nFrom 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"\n\nCheck out the original and other great pieces at Bitcoin Magazine:\nhttps://bitcoinmagazine.com/culture/bitcoin-information-theory-bit\n\nThe 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:\n"The Capital Strip Mine" by Allen Farringtion:\nhttps://bitcoinaudible.com/the-capital-strip-mine/\n"The Use of Knowledge in Society" by F.A. Hayek:\nhttps://bitcoinaudible.com/hayeks-use-of-knowledge-in-society-part-1-2/\n\nAnd our amazing sponsors for today's show, keeping Bitcoin Audible alive!\nThe BitBox02 hardware wallet for the trifecta of ease of use, security, & open source key storage.\nSwanBitcoin.com for the automatic Bitcoin savings plan, automatic withdrawal, & low fee sat stacking.\n\n--- \n\nSend in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message