Why Bitcoin’s Design Fixes Money with Nicholas Bowick

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https://www.whatbitcoindid.com/podcast/why-bitcoins-design-fixes-money

“People get conspiratorial about this, they observe ‘I’m getting fucked by the system everywhere I turn’...I think the far scarier reality is there’s just no one in charge at that level, we’ve absolutely not designed this thing at it’s highest level of operation.”
— Nicholas Bowick

Nicholas Bowick is a systems engineer in the aerospace industry. In this interview, we discuss emergent behaviors in complex systems, positive and negative feedback loops and chaos vs systemic antifragility.

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TIMESTAMPS:
00:00:00 Emergence in complex systems
00:11:34 Design amid emergence
00:18:40 Engineering stability; Fiat problems
00:33:15 Finding bitcoin
00:43:39 Central planning; Bitcoin’s systemic antifragility
01:05:21 Following Bitcoin incentives

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