So I think Bitcoin is a radical, interesting, and useful innovation in theory. In practice it is kind of a mess.
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@sarahjeong Qualify "radical." Innovative, yes. Never-before-seen, yes. But does it really get to the root of anything?
Yes! A decentralized money separates economy from the state as a project, guts state power (for better or for worse). @legind
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@sarahjeong@KevinCarson1@legind That's what worries me about Bitcoin: no more public schools, highway maintenance, public health service? -
@kragen@KevinCarson1@legind 1) hard to dismantle states; imo cryptocurrency unlikely to harm schools/roads more than the govt irl does -
@kragen@KevinCarson1@legind 2) it’s *possible* to organize a voluntaristic commons. and that opens another can of worms w/r/t debate, but -
@kragen@KevinCarson1@legind if your concern is that pragmatically, domestic public goods are under threat by cryptocurrency. I doubt it. -
@kragen@KevinCarson1@legind all of those things are much more threatened by austerity than this stuff, which is pretty pie-in-the-sky -
@sarahjeong@kragen@KevinCarson1 I think it's good to play out the scenarios of cryptocurrency-based macromarkets though, if just for fun -
@legind@kragen@KevinCarson1 yes, and there’s important discussions to be had about feasibility of voluntaristic societies
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@sarahjeong reminds me of the Islamic merchants that Graeber describes in Debt. Exchange based on personal reputations and relationships ... -
@legind omg exactly -
@legind you have no idea how excited I am that someone else made that connection
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