Nettime mailing list archives

<nettime> In Praise of Cash (or just another luddite nationalist deth sp
Alexander Bard on Fri, 3 Mar 2017 08:34:29 +0100 (CET)

[Date Prev] [Date Next] [Thread Prev] [Thread Next] [Date Index] [Thread Index]

<nettime> In Praise of Cash (or just another luddite nationalist deth spell for

Sure, Morlock, all brilliant points taken, and deepest respect, but
"Bitcoin was"? Really?

We have merely seen the beginning of value transfers through encrypted
block chain technology.

Bitcoin in all this is possibly at most "The Alta Vista of block chain
technology". Not nothing more than that. Whatever Chinese sepculators
may think.

The next generation of web browsers is far more likely to be tied to
say Z-Cash buttons or any other block chain technology that is a vast
improvement on the clumsiness and centralisation of Bitcoin. Big deal?
Not in itself. It can turn out to become quite interesting for The
Left to be honest. Since when did paper money in bank vaults help us?

Come on!

But from a leftist perspective this of coursea lso means a massive
loss of taxation coming to mind. In the future, mind you, not in the
past. Where we then see history repeat itself all over again: Capital
constantly beats The Left by in itself being a global phenomenon. So
when Capital went global and unions stayed local, the unions lost. If
unions has "internationalised" 50 years ago we would never have ended
up in "the neo-liberal paradigm" where we are today. You only win wars
if you develop the right weapons and the right resources.

The same thing goes for money today (which will of course all be
virtual real soon).

So we return to where we started: The problem with The Left is its
constant love affair with the 18th century nation-state and its
repeated LACK of utopian imagination. Every time globalisation beats
the shit out of nation-states we lose because the globe beats the
nation. And we stay tied to a nation-state model like brats to whom
the nation-state is the only tit they can find to suck. Repeat after
me: u-n-i-m-a-g-i-n-a-t-i-o-n. Kant, Marx and Habermas were all
globalists. They were right. But where then is the globalist left

Or is all that is left of the left nothing but a pathetic luddite

Why not rather propose how value can be better distributed to the
masses beyond block chains? Since it is value redistribution and not
money models that are of real interest to The Left.

And unless you're willing to discuss that, you indeed are nothing but
a luddite nationalist. Honestly: Can't we do better than that today?
Is the capacity of this highly trained and well paid academic crowd
not better than that?

Personally, I'm going all in on mentoring at non-profit NGO-style tech
start-ups in Scandinavia. I intend to suck all the goodness out of
block chains I can get (massive chains of trust between strangers can
truly revolutionise the world). But then I'm convinced one can avoid
becoming a luddite without being naive. As a matter of fact, I believe
that is what a great leftism is all about.

Best intentions

Alexander Bard

2017-03-03 2:31 GMT+01:00 Morlock Elloi <morlockelloi {AT} gmail.com>:

> Bitcoin was never cash (that was the biggest lie about Bitcoin), so
> it could not possibly counter the war on cash. It was exactly the
> opposite - it was a competitor in the anti-cash surge. There is no
> end user independence, there are no traceless offline transactions,
> there is huge amount of strings attached to powerful players, and
> huge amount of complex technology required. The real understated
> promise of Bitcoin was avoidance of taxation, and even that is
> turning to be a pipe dream.


#  distributed via <nettime>: no commercial use without permission
#  <nettime>  is a moderated mailing list for net criticism,
#  collaborative text filtering and cultural politics of the nets
#  more info: http://mx.kein.org/mailman/listinfo/nettime-l
#  archive: http://www.nettime.org contact: nettime {AT} kein.org
#   {AT} nettime_bot tweets mail w/ sender unless #ANON is in Subject: