Click to download audio version One of the most important yet double edge
narratives out there is “Bitcoin is Digital Gold”. 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. TE^(X-ME) = -IE Please enjoy this eye opening conversation with
Aaron Segal. Follow Aaron @LudiMagistR
narratives out there is “Bitcoin is Digital Gold”. 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. TE^(X-ME) = -IE Please enjoy this eye opening conversation with
Aaron Segal. Follow Aaron @LudiMagistR
