I'm still sceptical that BitCoin is anything more than the GNUtella of online payments. I agree with much of the political economy analysis of this post. But for that very reason, I don't think asymetries of economic power are undone by changing the way value is tokenized, for exchange with strangers. So I'm more excited by projects like GNU Taler and InterLedger because they're token-agnostic, and thus lack the logical centralisation distributed by blockchains.
Electric Sheep
npub1j04j...fxku
Baaaaaaaa!
Notes (3)
Why are some people such insufferable fuckwickets?
The death of Socrates is the first recorded example of a cancel mob in action. The Cultural Revolution in China is probably the most well known example of puritan popular condemnation escalating to mass murder. Following a similar model to the Inquisition and the Salem witch trials. Although more recent examples include the Rwandan, Myanmar and Palestinian genocides.
We're lucky that recent puritan populism in the anglophone world hasn't usually resulted in murder. Although there are a handful of counterexamples, what's protected us for the most part is also democracy, but in the non-majoritarian sense of the word. Human rights protections, due process and jurisprudence, media diversity ("freedom of the press"), adversarial legal and political rituals into which antipathy towards The Other can be channeled, and so on.