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Bitcoin and Social Entropy | The Geoffrey West Series | Episode 2 (WiM145)

WiM Media (Robert Breedlove)
231K subscribers
2.7K views 3 years ago The "What is Money?" Show
Theoretical Physicist Geoffrey West joins me for a multi-episode series exploring his excellent book "Scale: The Universal Laws of Life, Growth, and Death in Organisms, Cities, and Companies." Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/ GUEST Geoffrey's Book: https://www.amazon.com/dp/B010P7Z8J0/... Geoffrey's Profile: https://www.santafe.edu/people/profil... PODCAST Podcast Website: https://whatismoneypodcast.com/ Apple Podcast: https://podcasts.apple.com/us/podcast... Spotify: https://open.spotify.com/show/25LPvm8... RSS Feed: https://feeds.simplecast.com/MLdpYXYI Transcript: OUTLINE 00:00:00 “What is Money?” Intro 00:00:08 Sub-Linear and Superlinear Scaling 00:05:38 Positive Feedback Loops as Drivers of Super-Linear Scaling 00:08:49 Transaction Costs Scaling Sub-Linear to Network Size and Bureaucracy 00:13:18 What is the Fractal Architecture of Networks Optimizing For? 00:17:43 Structura …...more
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“What is Money?” Intro

0:00

Sub-Linear and Superlinear Scaling

0:08

Positive Feedback Loops as Drivers of Super-Linear Scaling

5:38

Transaction Costs Scaling Sub-Linear to Network Size and Bureaucracy

8:49

What is the Fractal Architecture of Networks Optimizing For?

13:18

Structural Integrity as the Limiting Factor on Network Size

17:43

Hydrodynamics and Gravity as the Limiting Factors on Organism Size

21:55

The Self-Regulation of Human Population Growth

26:25

Biology is Replete with Self-Limiting Phenomenon: Is Economics?

30:14

The Strength of Private Property Rights as Socioeconomic Structural Integrity?

31:43

Taking a Physicist’s Perspective on Biology and Socioeconomics…

35:40

The Super-Linear Scaling Laws of Cities

41:47

The Super-Linear “Social Metabolic Rate” and Open-Ended Growth

44:11

What is the Role of the Individual in Scaling Socioeconomic Systems?

48:31

NYDIG

50:00

All Human Rights are Derivatives of Property Rights

51:08

The Inherent Instability of Human Consensus and Human Hierarchies

56:10

The Pathologization of Human Hierarchies and Mass-Psychosis

1:00:24

Bitcoin and the Exportation of Social Entropy

1:02:44

In a World Where Property Rights Were Perfected…

1:07:45

Liberalism Used to Mean Low to No Government…

1:12:00
Bitcoin and Social Entropy | The Geoffrey West Series | Episode 2 (WiM145)
129Likes
2,781Views
2022Feb 28
Theoretical Physicist Geoffrey West joins me for a multi-episode series exploring his excellent book "Scale: The Universal Laws of Life, Growth, and Death in Organisms, Cities, and Companies." Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/ GUEST Geoffrey's Book: https://www.amazon.com/dp/B010P7Z8J0/... Geoffrey's Profile: https://www.santafe.edu/people/profil... PODCAST Podcast Website: https://whatismoneypodcast.com/ Apple Podcast: https://podcasts.apple.com/us/podcast... Spotify: https://open.spotify.com/show/25LPvm8... RSS Feed: https://feeds.simplecast.com/MLdpYXYI Transcript: OUTLINE 00:00:00 “What is Money?” Intro 00:00:08 Sub-Linear and Superlinear Scaling 00:05:38 Positive Feedback Loops as Drivers of Super-Linear Scaling 00:08:49 Transaction Costs Scaling Sub-Linear to Network Size and Bureaucracy 00:13:18 What is the Fractal Architecture of Networks Optimizing For? 00:17:43 Structural Integrity as the Limiting Factor on Network Size 00:21:55 Hydrodynamics and Gravity as the Limiting Factors on Organism Size 00:26:25 The Self-Regulation of Human Population Growth 00:30:14 Biology is Replete with Self-Limiting Phenomenon: Is Economics? 00:31:43 The Strength of Private Property Rights as Socioeconomic Structural Integrity? 00:35:40 Taking a Physicist’s Perspective on Biology and Socioeconomics… 00:41:47 The Super-Linear Scaling Laws of Cities 00:44:11 The Super-Linear “Social Metabolic Rate” and Open-Ended Growth 00:48:31 What is the Role of the Individual in Scaling Socioeconomic Systems? 00:50:00 NYDIG 00:51:08 All Human Rights are Derivatives of Property Rights 00:56:10 The Inherent Instability of Human Consensus and Human Hierarchies 01:00:24 The Pathologization of Human Hierarchies and Mass-Psychosis 01:02:44 Bitcoin and the Exportation of Social Entropy 01:07:45 In a World Where Property Rights Were Perfected… 01:12:00 Liberalism Used to Mean Low to No Government… SOCIAL Breedlove Twitter:   / breedlove22   WiM? Twitter:   / whatismoneyshow   LinkedIn:   / breedlove22   Instagram:   / breedlove_22   TikTok: https://www.tiktok.com/@breedlove22?l... All My Current Work: https://linktr.ee/breedlove22​ WRITTEN WORK Medium:   / breedlove22   Substack: https://breedlove22.substack.com/ WAYS TO CONTRIBUTE Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7 Sats via Strike: https://strike.me/breedlove22 Sats via Tippin.me: https://tippin.me/@Breedlove22 Dollars via Paypal: https://www.paypal.com/paypalme/RBree... Dollars via Venmo: https://venmo.com/code?user_id=178435... The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=328431... RECOMMENDED BUSINESSES Worldclass Bitcoin Financial Services: https://nydig.com/ Join Me At Bitcoin 2022 (10% off if paying with fiat, or discount code BREEDLOVE for Bitcoin): https://www.tixr.com/groups/bitcoinco... Automatic Recurring Bitcoin Buying: https://www.swanbitcoin.com/breedlove/ Buy Bitcoin in a Tax-Advantaged Account: https://www.daim.io/robert-breedlove/ Buy Your Dream Home without Selling Your Bitcoin with Ledn: https://ledn.io/en/?utm_source=breedl...
The "What is Money?" Show
WiM Media (Robert Breedlove)

Follow along using the transcript.

WiM Media (Robert Breedlove)

231K subscribers