“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:
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:
“The Use of Knowledge in Society” by F.A. Hayek:
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://anchor.fm/thecryptoconomy/message