Nicolas Bourbaki on Fri, 15 Dec 2017 13:59:29 +0100 (CET)


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Re: <nettime> Never Mind the Bitcoin?


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> Bitcoin may decease before soon, but its skeleton will remain
> alive and kicking ... you in the ass!

> Our present challenge is to 'ship' our message before Bitcoin 
> unavoidably crashes for real,

uch...

Decentralization fetishism will not save this ideology. What Saskia
Sassen also talks about, in her book Expulsions, is how systems that
distribute and decentralize also obfuscate responsibility and
accountability. Decentralization, and the focus on it, is not the cure
but the enabler of capital 2.0. Cryptocurrencies, most, many and
perhaps all, are Adam Smiths invisible hand encoded and now just when
we thought there may be a future where the market is NOT considered
nature, the anarchist and libertarian coders went and enshrined those
principles in code and distributed it in a manner that makes changing
it even more costly than before.



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