Recalling Satoshi's intentions, it is quite ironic to see how the institutions he meant to render obsolete with blockchain, are now pouring into it and trying to hijack blockchain for profit.

Alessandro


On Sat, 22 Jan 2022 at 18:33, Antonio Iacono <antonio@piumarossa.it> wrote:
Il 22/01/22 15:58, J.C. DE MARTIN ha scritto:
> Surveying the Bitcoin barbarians
> https://thebaffler.com/salvos/everywhere-in-blockchains-mcginty

Gradually, I came to agree with practically every single thing David
Golumbia wrote or said, most notably in /The Politics of Bitcoin:
Software as Right-Wing Extremism/. My overall Golumbian takeaway:
despite loudly championing the so-called democratic principles of
cryptocurrency, its apostles sure do lose it when there’s any sort of
democratically elected oversight of this supposedly democratic
technology, to the point that you really do have to wonder whether they
misunderstand democratic principles or they simply don’t want any
government involvement whatsoever in cryptocurrency, the latter option,
of course, not being a terribly democratic one. As Eich observes, “The
attempt to remove money from political control is itself a supremely
political act that raises profound questions of legitimacy.”

...

"Gradually", meglio tardi che mai.

Yanis Varoufakis già nel 2013 aveva messo in guardia sulla "pericolosa
illusione" del "denaro apolitico" [1]. Concetto ribadito a distanza di
sette anni, in piena pandemia [2].

A.

[1]
https://www.yanisvaroufakis.eu/2013/04/22/bitcoin-and-the-dangerous-fantasy-of-apolitical-money/

[2]
https://www.yanisvaroufakis.eu/2020/07/27/why-bitcoin-is-the-not-socialists-ally-reply-to-ben-arc/

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