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

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/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1 Geoffrey's Profile: https://www.santafe.edu/people/profile/geoffrey-west PODCAST Podcast Website: https://whatismoneypodcast.com/ Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400 Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1 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: https://twitter.com/Breedlove22 WiM? Twitter: https://twitter.com/WhatisMoneyShow LinkedIn: https://www.linkedin.com/in/breedlove22/ Instagram: https://www.instagram.com/breedlove_22/ TikTok: https://www.tiktok.com/@breedlove22?lang=en All My Current Work: https://linktr.ee/breedlove22​ WRITTEN WORK Medium: https://breedlove22.medium.com/ 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/RBreedlove Dollars via Venmo: https://venmo.com/code?user_id=1784359925317632528 The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=32843101&fan_landing=true 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/bitcoinconference/events/bitcoin-2022-26217 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=breedlove&utm_medium=email+&utm_campaign=substack