The Information Theory of Money

The Information Theory of Money

“Prices are the coordinating force of a free market system. Each individual decision-maker can rely on the prices of goods and services to help with their decision making, as the prices themselves are a distillation of all known market information into a single metric.”  – Dan Held

This is one of those articles that just explores the emergent brilliance of the free market system & easily got me into a near 40 minute rant afterward. Prices are not arbitrary, and a market price is quite possibly the most information dense piece of actionable data you can find anywhere. Learn all about it, in this piece from The Bitcoin Times Ed 2, “The Information Theory of Money.”

Below are the links to follow Dan Held for more great work, drop some applause on this article, and follow @timelessbitcoin so you don’t miss anything from this publication:
https://twitter.com/danheld
https://medium.com/the-bitcoin-times/information-theory-of-money-36247aebdfe1
https://twitter.com/TimelessBitcoin

Things you must also listen to because I told you to!

• Hayek’s “Use of Knowledge in Society
Part 1 – https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_250—Use-of-Knowledge-in-Society-Part-1—F–A–Hayek-e43pfj
Part 2 – https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_251—Use-of-Knowledge-in-Society-Part-2—F–A–Hayek-e444k0

• Leonard Reed’s “I, Pencil
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_123—I–Pencil-Leonard-E–Read-e2ndqm

• TEDtalk “How I Built a Toaster… from Scratch
https://www.ted.com/talks/thomas_thwaites_how_i_built_a_toaster_from_scratch#t-12942

If you are enjoying the show & would like to support my work in turning all of the most fascinating and profound works in the Bitcoin space into the audio versions they deserve, become a patron! Not to mention you will get access to the Crpytoconomy Telegram Crew where we hang out and worship the Light of Nakamoto! XD
www.patreon.com/thecryptoconomy

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Bitcoin’s Security is Fine by Dan Held

Bitcoin’s Security is Fine by Dan Held

Is Bitcoin’s security going to be unreliable, volatile, or could it even fail entirely when we lose the block subsidy? Or is Bitcoin set to operate smoothly with a natural transition from newly minted bitcoin, to transaction fees?

Exploring the security of Bitcoin in the next economic era, with Dan Held‘s amazing piece, “Bitcoin’s Security is Fine.”

Don’t forget to check out Dan Held‘s other work, the amazing set of links throughout the article, and drop some applause below:
https://blog.picks.co/bitcoins-security-is-fine-93391d9b61a8

Don’t forget to check out Dan’s Held’s asset management company, Interchange.

 

Become a Supporter of the show!

Dan Held on Satoshis Vision

Dan Held on Satoshis Vision

Taking a dive into an awesome tweetstorm from @danheld about the context, purpose, and beginnings of Bitcoin and whether it meets “Satoshi’s Vision,” or if it even matters.  

Follow Dan on Twitter and check out the full thread below: https://twitter.com/danheld/status/1084848063947071488 

For some more fun regarding Satoshi’s Vision and whether BCH is any nearer or further from that ambiguous idea, check out my own article – How Many Forks Does it Take to Get to the Center of Satoshi’s Vision? 

Become a supporter of this podcast: https://anchor.fm/thecryptoconomy/support https://anchor.fm