#176 – Robert Breedlove: Philosophy of Bitcoin from First Principles
Lex Fridman Podcast
The Nature of Volatility Is Truth
Volatility, often perceived as chaos and uncertainty, is actually a pathway to truth and fundamental reality. It stems from the concept of entropy, where the universe tends towards disorder. Life, as an anti-entropic force, converts chaos into order. Entrepreneurs, by challenging nature's entropy, seek new solutions and opportunities. The incentive to innovate is driven by the desire for wealth. This continuous process mirrors the creation of civilization, which is built on anti-entropy or order. Volatility, as an inherent part of life, represents uncertainty and the essence of human existence. While efforts to mitigate uncertainty through innovation and capital are essential, embracing uncertainty is essential for experiencing the richness of life.
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