Why Bitcoin is 1000x Bigger than Digital Gold with Aaron Segal
One of the most important yet double edge narratives out there is “Bitcoin is Digital Gold” because there is a finite amount that is brought into circulation over time by mining. On this very special Bitcoin Magazine Podcast, CK sits down with Aaron Segal, investor, Bitcoin thinker, and writer. Aaron’s first contribution to Bitcoin Magazine was one for the ages. CK read the article and immediately got back to Aaron asking for an interview. CK believes that Bitcoin is much better than gold ever was and to simply describe is as gold on the internet does not do the revolution that is Bitcoin justice.
Enter Bitcoin Information Theory (BIT) by Aaron Segal. Aaron’s article frames Bitcoin in a completely different way. Rather than focusing on Digital Gold, Segal hones in on the fact that a Bitcoin standard would end monetary uncertainty for 100% of the planet. What does ending monetary uncertainty mean? Aaron puts it into the contact of the laws of thermodynamics and entropy. Aaron sees that the law of thermodynamics doesn’t take into account advancements in technology, so Aaron created a new formula that does. The basic Idea is that work or energy expenditure to the power of technology minus monetary uncertainty equals information. The formula is written out below, and Aaron elaborates on the details in the show.
TE^(X-ME) = -IE
Please enjoy this eye opening conversation with Aaron Segal.
Follow Aaron @LudiMagistR
Read his article here: https://bitcoinmagazine.com/culture/bitcoin-information-theory-bit
For more compelling video content from Bitcoin's original publication, subscribe and turn on notifications for the Bitcoin Magazine YouTube channel.
Bitcoin 2022 will be the biggest Bitcoin conference ever! Get early bird tickets: https://b.tc/conference/2022
Join our telegram community: https://t.me/officialbitcoinmagazine
Subscribe to our newsletter and receive news and analysis before anyone else: https://bitcoinmagazine.com/subscribe
Connect with us on social media and join the conversation:
Twitter: https://twitter.com/BitcoinMagazine
LinkedIn: https://www.linkedin.com/company/bitcoin-magazine/
Twitch: https://www.twitch.tv/bitcoin
Facebook: https://www.facebook.com/BitcoinMagazine
Instagram: https://www.instagram.com/realbitcoinmagazine
Buy Bitcoin from Bitcoin Magazine with a credit card: https://buy.bitcoinmagazine.com/
Listen and subscribe to our podcasts:
Apple: https://podcasts.apple.com/us/podcast/bitcoin-magazine/id1459884105
Spotify: https://open.spotify.com/show/1IxBiqXrUwWUgwiQwKWwxk?si=i1YLDbXySIGGZ1owRdgXtQ
Google: https://podcasts.google.com/feed/aHR0cDovL2JpdGNvaW5tYWdhemluZS5idGMubGlic3lucHJvLmNvbS9yc3M
-
1:12:13
Bitcoin Magazine
3 months agoJerome PooWell in the History Books, ep 502 The Breakup
5.36K11 -
2:34:41
The Mel K Show
2 hours agoFIGHT FIGHT FIGHT! - ALL STAR LINE UP - MAGA GET READY
59.7K51 -
1:21:26
The Quartering
4 hours agoTrump Assassin UNMASKED New Details As The Left Cries He Missed
120K627 -
8:51
BlackandWhiteSports
5 hours agoJets CB Sauce Gardner ENDORSES Trump after ASSASSINATION attempt FAILS! CRAZY Leftist ATTACKS him!
81.9K229 -
2:45:38
OFFICIAL Jovan Hutton Pulitzer Rumble
9 hours agoTrump Assassination Attempt Was Allowed To Happen! Geospatial Forensic Review
170K606 -
15:18
Scammer Payback
4 days agoDestroying this Disgusting Scammer!
179K174 -
20:02
The Dan Bongino Show
19 hours agoBREAKING: Trump Assassination Attempt (Emergency Episode)
1.21M7.28K -
48:39
My Self Reliance
2 days agoHow to Start a Garden from Scratch on a Budget | Grow Your Own Food
113K23 -
57:07
Wendy Bell Radio
10 hours agoWeekends With Wendy
143K315 -
4:10:55
Fresh and Fit
17 hours agoFormer Fed Reacts To Trump Assassination Attempt
321K478