Dan Held Author: Dan Held Dan Held's thoughts on Bitcoin, Cryptocurrency, and Blockchain Be a guest on this podcast Language: en-us Genres: Business, Investing Contact email: Get it Feed URL: Get it iTunes ID: Get it Get all podcast data

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Information Theory of Money (e02)
Episode 2
Sunday, 29 March, 2020

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. In other words, the compression of all relevant data is ultimately manifested as price (for the more technie minded, it’s a one-way hash function).

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