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Currents 094: Matthew Pirkowski on Blockchain Consensus Mechanisms

The Jim Rutt Show

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How Much Shielding From Entropy Should Bitcoin Have?

I think it's a horrible thing for people to store their wealth in Bitcoin and is literally an anti-social act. But I agree with you that our current systems are stupid, easily abused... Can I answer your question then? Yeah. How much shielding from entropy should the value we create or the representations of the value we've created with our time and energy and labor have? Because fundamentally storing values, we're shielding that from entropy such that it can be used at later points in time.

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