Clearly an article written with a lot of thought put behind it. Below my best part amongst many
“But that is what I am gesturing to: the possibility of organizing ourselves around money that is accepted for what it is, i.e. a conventional set of arrangements ultimately arising out a complex of social and political interactions, part of th…
Clearly an article written with a lot of thought put behind it. Below my best part amongst many
“But that is what I am gesturing to: the possibility of organizing ourselves around money that is accepted for what it is, i.e. a conventional set of arrangements ultimately arising out a complex of social and political interactions, part of the material constitution of our society, warts and all.”
Seen from this lens, Crypto/Bitcoin is as much an indictment against the current Politics/Culture/Society as it is against the specifics of Monetary policy. Trust, in institutions and within the society, is clearly deteriorating faster than anyone expected post-GFC crisis. And as Trust in the State declines, so does the Trust in Fiat/Paper money and ppl instead turn towards Neutral assets of value that are difficult to confiscate
Clearly an article written with a lot of thought put behind it. Below my best part amongst many
“But that is what I am gesturing to: the possibility of organizing ourselves around money that is accepted for what it is, i.e. a conventional set of arrangements ultimately arising out a complex of social and political interactions, part of the material constitution of our society, warts and all.”
Seen from this lens, Crypto/Bitcoin is as much an indictment against the current Politics/Culture/Society as it is against the specifics of Monetary policy. Trust, in institutions and within the society, is clearly deteriorating faster than anyone expected post-GFC crisis. And as Trust in the State declines, so does the Trust in Fiat/Paper money and ppl instead turn towards Neutral assets of value that are difficult to confiscate