I was forced to talk about bitcoin this week. On a podcast (in German).

The discussion was triggered by the remarkable surge in bitcoin’s value - the second great surge in the Ur-crypto’s turbulent history since it’s launch on 3 January 2009.

Lisa Splanemann, the journalist with whom I do the podcast, has been pushing the topic for a while. I was reluctant.

Money talk is political talk. We should be selective in the political talk we engage in. I don’t like the politics of crypto/bitcoin.

Money is an expression of social power. In particular, it is an amalgam of the power and confidence leveraged by the state and capital. All actual monies, whatever form they are cast in, have an element of “fiat” about them.

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continua qui:

https://adamtooze.substack.com/p/chartbook-newsletter-15