Re: <nettime> Ten years in, nobody has come up with a use for blockchain

[Morlock Elloi <morlockelloi@gmail.com>]

Very possible. The mechanism of financialization of the society is 
inherently artificial and divorced (or just separated) from 'value'. The 
traditional requirement that it is somehow tied to the reality (as 2nd 
or 3rd derivative) is seen as deficiency. Bitcoin may finalize the divorce.

Dealing with few Chinese mints will be preferred over dealing with 
quirks of the real estate market in California, for example, which is 
one of the primary vehicles for parking private money these days 
(ironically, mostly Chinese money.)


On 12/30/17, 14:38, byfield wrote:
> After the 2008 meltdown it became clear that taking entire nations
> hostage, with ransoms paid in form of public bailouts, was a viable
> business strategy. Would it really be surprising if Bitcoin, in some
> aspect, turns out to be TBTF? The

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