Bitcoin Information Theory with Aaron Segal

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! 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 https://b.tc/conference/