Money in Information Theory Information theory says creati…

IT

Now imagine what can happen when humanity moves to a universal & global money ledger that disrupts more than half of the world economy.

All this capital & human ingenuity that can be reallocated to better uses will propel us to Human 3.0

Money in Information Theory
George Gilder 2016

https://sym.re/2qdU7Ny

But human creativity and surprise depend upon a matrix of regularities, from the laws of physics to the stability of money.

Information Theory's lesson that money must be rooted in values outside itself (entropy) is why PoS is a scam and only PoW works for money.

It also explains why a universal data ledger must be the spark of the universal money ledger

currency trading being bigger than the world stock markets is a loss of actual economic activity and human energy & ingenuity.

It is a tremendous cost to the economy that has to go for humanity to evolve to the next stage of civilization.

The lesson of information theory is that irreversible money cannot be the measure of itself, defined by the values it gauges. It is part of a logical system, and it must be based on values outside itself. And rooted in the entropy of irreversible time.

Information theory tells us that information is not order but disorder, not the predictable regularity that contains no news, but the unexpected modulation, the surprising bits.

The work of maintaining the measuring stick of money now costs 20 percent more in computer equipment than all the world’s information technology for manufacturing new goods.

This has to change and that's what Bitcoin is about.

Today currency trading dwarfs all the globe’s stock markets and is 73 times greater than all trade in goods and services.

To deal with the floods of monetary change, banks spend half a trillion dollars on IT, leading all other sectors in computer outlays.