THE INTERSTITIAL DIME: Adam Tooze characterizes bitcoin and cryptocurrency as “the morbid symptom of an interregnum”; i.e., bitcoin fills a lacuna in the global currency infrastructure as the West is slow to adopt a top-down digital currency similar to the Chinese ‘digital renminbi’. he characterizes the bitcoin fever as a consequence of a radical fiscal libertarianism— as following exclusively from belief in fiat currencies being ‘unbacked’ and that hoarding gold and silver will inspire government response. it strikes me that if Tooze were to grasp some of the more radical impulses that truly drive cryptocurrency, he would likely fear them more deeply than he fears the Ruby Ridge archetype. pray he remain innocent of such understanding!
links und rechts: mar. 6
links und rechts: mar. 6
links und rechts: mar. 6
THE INTERSTITIAL DIME: Adam Tooze characterizes bitcoin and cryptocurrency as “the morbid symptom of an interregnum”; i.e., bitcoin fills a lacuna in the global currency infrastructure as the West is slow to adopt a top-down digital currency similar to the Chinese ‘digital renminbi’. he characterizes the bitcoin fever as a consequence of a radical fiscal libertarianism— as following exclusively from belief in fiat currencies being ‘unbacked’ and that hoarding gold and silver will inspire government response. it strikes me that if Tooze were to grasp some of the more radical impulses that truly drive cryptocurrency, he would likely fear them more deeply than he fears the Ruby Ridge archetype. pray he remain innocent of such understanding!