Re: <nettime> Geert Lovink & Patrice Riemens: The Bitcoin Experience,

[Brian Holmes <bhcontinentaldrift@gmail.com>]

On 01/30/2015 08:34 AM, Patrice Riemens wrote:

> However, technological advances to which the current banking system is
> ill-prepared, especially at the 'retail' level (never mind the not
> improbable collapse of the financial/monetary system as we know it),
> makes that non-banking, and possibly non-centrally regulated, electronic
> payment systems will win the day, especially in the realm of
> transactions by or between individuals.

Imagine that Europe finally emerges from this financial crisis as a real 
state, able to tax. Then on the verge of another great crisis, with 
Russia about to try relaunching an opt-in gold standard, China, the US 
and the EU agree instead to install a global electronic currency with 
total traceability and transaction taxes for a variety of social ills 
that have in the meantime become extremely pressing: carbon emissions, 
financial speculations, dumping of cheap products etc. Retrospectively, 
the social sculpture of Bitcoin proves to be the Hegelian ruse of reason 
preparing the desperately needed world state. You don't like it? Nowhere 
to hide.

curious about that one, Brian


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