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Re: <nettime> In Praise of Cash
Morlock Elloi on Thu, 2 Mar 2017 19:23:25 +0100 (CET)

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Re: <nettime> In Praise of Cash

This stuff needs to be repeated over and over again.

Just to mention the latest, and perhaps the most insidious entry in the war on cash: Bitcoin, all-transactions-always-public PoW hash system operated mostly by Chinese mints, touted to post-New Agers as the Next Big Thing.

The unique aspect of Bitcoin is that it represents a merger of two ideologies - one well described in the subject essay, and the other being California model of centralized-everything through middlemen apps, where middlemen middle between myriad aspects of the human existence on one side, and a single-digit number of fascistic monopolies on the other side.


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