bitcoins – isn’t this simply a distributed structure to do capitalism with?
That’s not even the worst you can do with it. you can do money laundering, buy drugs online and sex toys, all anonymously. But that’s not the point, because despite the coercion imposed by all kinds of regulatory systems so far, also current official monetary systems are full of that shit, on top of the capitalist pie.
Emerging technologies should never be judged by the sensationally bad taste of early adopters. it’s like being concerned about the shit that fertilizes some beautiful flowers, wasting their seeds.
What really bitcoin is, I finally understood on the 6 April (which somehow always ends up being a magic day, eh!): this is now the end of flow capitalism, which consists of the monopoly on transactions, the hegemony of banks on the movement of values and not just their storage, this middle-man mafia strangling the world as we speak.
How right are now those South American countries asking the taxation of transactions, an argument refrained in many speeches of the companeros. They studied the system and understood that there is a crucial problem there, that needs to be solved urgently. Yet I’d argue here taxation on transaction cannot be the solution. The solution is to eliminate the flow capitalists.
If i want to give you money I’ll give it to you. Me and you, period. It’s fine that we’ll pay our taxes for our communities, don’t get me wrong this is not a tea bagger argument. It’s just not right that all what we do is in the hands of a third party, that has been caught cheating already many times: look at what happened at the PayPal accounts of the Iraqi Linux User Group back in 2004, or even more recently to Wikileaks.
We don’t need those fat cheaters to be in between our value transactions any more; the flow capital has played its disgusting role in the little laps of history for which it has been needed, now sadly these people won’t give up what they have accumulated, so it makes more sense to leave them alone and multiply more monetary systems that work efficiently across diverse networks and that rely on the neutrality of a cryptographic authentication.
The death of the flow capital is a new stage for the necrotization of capitalism.
While I agree we don’t need cheaters in our transactions, I also agree that Bitcoin is a distributed structure to do capitalism with.
Also, everybody keeps saying the banks are the evil problem. The banks are just shadows of the laws they work with. It’s pointless to blame them for the state of affairs, it was never their job to set the world right in the first place. The fault lies clearly with the governments, and they should not be allowed to use anyone else as scapegoats.
Vandroiy,
Please read The Creature from “Creature from jekyll island” its a hard read but there are summaries at the end of each chapter you can read to get through it quickly.
Also please reconcile these banker quotes…
“Banking was conceived in iniquity and was born in sin. The bankers own the earth. Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough deposits to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of bankers and pay the cost of your own slavery, let them continue to create money .”
- Josiah Charles
“Permit me to issue and control the money of the nation and I care not who makes its laws.” — Mayer Amsched Rothchild
The bankers are like psychopathic killers they know what they are doing is wrong and secretly wish to be caught but they know YOU WILL NOT READ!
But before warned if you use the internet to learn the truth it will be like waking up from the matrix! But this matrix is the matrix of DEBT.
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“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”
I usually agree with you Vandroiy… but I have to disagree this time… Governmental representatives will come and go… but the temptation of complying with rich bankers and their unlimited supplies of easily printed money will always be prevalent.
The privileges of the bankers are defended with the gun of the state. Remember, the gun is held by the state.
Capitalism is a word that should be tabooed. Nobody understand capitalism.
It’s like everyone believing their own version of red. When you get those folks together to discuss the color red, nobody agree.
I’d like to point out that businesses that operate using government supported monopolies like central banks and businesses that lobby to increase the cost to enter a market so that only they and similarly large companies can operate are NOT CAPITALISTIC. They are statist and coercive. Capitalism is supposed to be voluntary and when it stops being voluntary, even if they call it capitalism, it’s not.
So I’d like to point out that Bitcoin can only further increase the rate at which economies of the capitalist variety grow and increase the rate at which closed and controlled economies become more open and free.
Bitcoin should, by these assessments, decrease the role that both governments and big banking corporations have on trade and commerce, which is always a good thing.
(side note: please avoid using cuss words, it can turn a lot of readers away and comes off as unprofessional)
(side note: please use cuss words when you feel like it, it can turn a lot of readers on and comes off as real and not falsely politically correct)
Thanks for your comments! I’ve now added a bit more context in epilogue to this text, so for those interested in this prose there is for sure more to read.
Just one clarification, when I’m writing the word “capitalism” (which is indeed a perused and much confusing term nowadays) I mostly refer to the historical definition given by Max Weber, from a perspective that has more to do with his approach to sociology of religions than contemporary “financial sciences”.
At last, discussing in some length and in more philosophical and abstract terms, I’ve given this speech last year at the Chaos Communication Camp, you might also be interested in http://www.youtube.com/watch?v=rk_PQNIcdyE
ciao
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