Discussing Bitcoin Information Theory
Aaron Segal dissects Bitcoin using the laws of thermodynamics and the concept of monetary entropy.Watch This Episode on YouTubeWatch/Listen To This Episode:BitcoinTVRumbleSpotifyAppleGoogleLibsyn OvercastIn this episode of Bitcoin Spaces Live, host Christian Keroles (@ck_snarks) is joined by Aaron Segal (@LudiMagistr) to discuss his article for Bitcoin Magazine titled "Bitcoin Information Theory: B.I.T.". Aaron explains how entropy is closely related to money and how Bitcoin as information is ultimately a reduction of entropy. This is an extremely enlightening discussion, as Aaron....
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The 2015 Texas Bitcoin Conference will showcase a keynote delivered by George Gilder, who will discuss themes from his upcoming book, Bitcoin & Gold: Information Theory of Money. The conference will take place March 27 through 29 at the Moody Theater in downtown Austin. In his 17th book: Bitcoin & Gold: Information Theory of Money, Gilder advances his view of the existence of a disconnection between the needs of players in the global financial markets and the requirement for a stable economy to encourage innovation. He further asserts that capitalism is chiefly not an incentive system, but....
Many people interested in Bitcoin have a less than optimistic view about the health of the global economy. This skepticism — in some cases pessimism — is fueled by a controversial business cycle theory that is fairly popular in Bitcoin circles. This theory holds that the easy money created by central and fractional reserve banks induce entrepreneurs to embark upon projects that are are not actually profitable. This action sparks a series of events, in which the economy booms, reaches a peak, and then comes crashing down. Although this theory is highly contested in academic economics....
Entropy, a natural phenomenon, is closely related to money and information energy — Bitcoin as information is a reduction of entropy.
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