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The "What is Money?" Show

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

The "What is Money?" Show

Robert Breedlove

Bitcoin, Breedlove, What Is Money, Investing, Rabbit Hole, Cryptocurrency, Money, Finance, Education, Robert Breedlove, History

4.8710 Ratings

🗓️ 1 March 2022

⏱️ 76 minutes

🧾️ Download transcript

Summary

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."

Transcript

Click on a timestamp to play from that location

0:00.0

I'll tie a couple of things together here and then throw out a question.

0:11.1

So we have animals and humans are networks themselves in and unto themselves, but also

0:18.6

their hierarchies, human hierarchies, animal hierarchies. This is another network

0:23.6

structure, which I guess depending on the species itself, I'm thinking of like, you know,

0:32.8

Peterson has the example about lobsters in a hierarchy where like the biggest, brutish,

0:37.0

strongest lobsters on

0:38.0

top of the hierarchy that's not the same in modern human hierarchies fortunately we you know we try to

0:44.4

promote the most competent or whatever but this structure then is it and there's something about

0:52.3

propagating whatever's at the top of that hierarchy, the singular down into the multiplicity, right?

0:58.3

Whether it's like your heart pumping blood into all your capillaries or the leader, you know, propagating principles into the human hierarchy or whatever.

1:08.0

The that's a that propagation is economized through fractal architecture, it seems like, and that would be the sublinear

1:16.9

you're describing, right? It's, you know, you can... Yes, so one that, yes, it doesn't have to be

1:22.6

sublinear, and that's where cities come in. I mean, biology is completely dominated by sublinear, fractal-like, power law scaling.

1:35.2

That describes with exponents in the word I used before of one quarter. That's sort of, in the most coarse-grained way of looking at the biosphere,

1:47.5

that sort of permeates everything. But you can have something called superlinear scaling,

1:56.5

which doesn't occur, almost never occurs in biology. It does, it's some there, one or two places it does occur for various reasons.

2:04.5

But overwhelmingly, almost everything you look at is sublinear.

2:09.7

The bigger you are, put in the colloquial language, the bigger you are, the less per capita

2:15.1

or the less per cell.

2:21.0

But you could have the opposite. The bigger you are,

2:29.1

the more you have for cell. That's not what happens in biology, but it is what happens in cities.

2:38.6

And I know if you want to make it. Yes. Yeah, I want to ask, is the difference there because biological organisms are closed systems or is the city is an open system?

...

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