Bitcoin Information Theory with Aaron Segal

Bitcoin Spaces Live

In 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 applies the laws of thermodynamics to explain the monetary phenomenon that is Bitcoin.

Other speakers include Guy Swann (@TheGuySwann), Mark Goodwin(@markgoodw_in), and Bitcoin TINA @BitcoinTINA

0:00 Opening remarks and information on Bitcoin 2022!

1:52 An introduction to Aaron Segal's first article for Bitcoin Magazine on Bitcoin Information Theory.

12:22 The fundamental concepts that underpin our decision-making processes.

21:50 Understanding inefficiency in this context, and the compound effect of systemic issues.

23:46 The relationship between humans and their environment; negative impacts of the banking systems.

32:22 How the growth of Bitcoin and decentralization can combat monetary entropy.

39:49 Long-term declines in productivity; Aaron breaks down the trend and statistics.

54:38 The pitfalls of an inflationary approach towards Bitcoin.

1:00:00 Innovation and error correction; how things may look in a Bitcoin standard world!

1:13:43 Creating and cementing this important mental model as a starting point to explore these theories.

---------------------------------------------

Bitcoin Magazine is back in print!

Get Bitcoin Magazine shipped directly to your front door!

Get 21% off with promo code: MAG21

https://store.bitcoinmagazine.com/discount/MAG21?redirect=%2Fproducts%2Fbitcoin-magazine-annual-subscription

"The Deep Dive" delivers the latest Bitcoin on-chain market intelligence directly to your inbox!

Check it out for free here!

deepdivebtc.substack.com/welcome

Bitcoin 2022 will be the biggest Bitcoin conference ever! Miami, FL from April 6–9, 2022

Get 15% off tickets with promo code: MAG21

https://b.tc/conference/