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Bitcoin And The Rule Of The Material

Discussion in 'OBOB General Politics Forum' started by Michie, May 19, 2022.

  1. Michie

    Michie Standing by the Ukraine. Supporter

    +48,250
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    Whether as quietist retreat or gnostic withdrawal, the political allure of cryptocurrencies doesn't seem to stand up to the hard forces of reality.


    A decade ago, I briefly dated a woman who dreamed of ending the nation-state. She popped prosecco first thing in the morning, and smoked two packs a day. More alluring still, she’d built and sold her own “strategic-comms” consultancy that included NATO as a client. Her phone was full of selfies with various Kalashnikov-toting rebels in places like Libya. All this, without a college degree. This girl was cool.

    Meanwhile, I was piling up debt to attend a second-tier law school, burdened by the Iranian immigrant’s dreams and filial obligations. One day, “Sarah” (let’s call her) suggested I buy something called a “bitcoin.” It was a sort of internet currency, she explained, that would gain enormous value amid central banks’ insane splurge in response to the financial crisis. More than that, she predicted, this thing would usher a new era of radical decentralization and freedom.

    Continued below.
    Bitcoin and the Rule of the Material - The American Conservative
     
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