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The "What is Money?" Show

Social Network Geometry | The Geoffrey West Series | Episode 4 (WiM147)

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

This is from page 282 of your wonderful book, Scale.

0:14.3

Thank you.

0:15.6

And this is not a contiguous excerpt.

0:21.6

I read part of a paragraph than another part of a paragraph.

0:24.6

Okay, sure.

0:25.6

So you wrote, quote, with the development of language,

0:28.6

human beings acquired the capability of exchanging and communicating new kinds of information

0:33.6

on a scale and at a rate that was unprecedented in the entire history of life. A major outcome

0:39.8

of this revolution was the discovery of the fruits of economies of scale. By working together,

0:45.6

we could build and accomplish more with the same amount of individual effort, or equivalently,

0:51.5

we could complete specific task faster using less energy per person.

0:57.3

We developed, and I'm skipping ahead a little bit, we developed imagination and brought to

1:03.1

consciousness the concept of the future and therefore the remarkable ability to plan, to think

1:09.7

ahead, and construct possible scenarios and

1:12.9

anticipation of future challenges and events.

1:18.0

So I just, I guess my question here, it's almost like language, I guess itself, which is probably the most primary

1:30.2

technology we use, really contributed to this discovery, I guess if it's a discovery of the future,

1:39.6

right? So we have this, we started looking further forward in time through the invention of language.

1:46.8

And then this started that bootstrapping process that we've described earlier where you're just, we're using language to communicate, be more energy efficient.

1:56.8

And then we figure out other modes or technologies or energy sources in the world that propel that virtuous cycle forward even faster.

2:10.6

I don't know that I have a great question about this, but I'd like to maybe just hear your commentary on it.

2:16.1

Well, yeah, that was good.

...

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