I've said it before and I'll say it again, cryptocurrency is the only known way that a group of people who all hate each other can share computers and databases which can't be fucked with. Despite the idiocy in the space it's good actually
It's solves a problem that only exists in capitalism, the need for a loose consensus between entities that are also competitors. This is why it's an innately right-wing technology. Incredible inefficiency all for the purpose of avoiding community, trust and organization.
I think the 2 assumptions that make it inherently right wing are:
that the unit of control ought to be an individual person
that its most obvious use case is money
You could have a situation where federated nations use blockchain technology and smart contracts to ensure trust between each other for shared logistics or for automation of mutual aid, for example. The miners in this case could be controlled by an entire community and allow for decentralized ownership of limited goods without needing a single entity to organize them for you. Imagine something like the little free libraries that people put in their yards, but indexable and searchable in real-time.
I definitely see how these things are a solution in search of a problem, especially now that they’ve been fully captured by finance capital, but the underlying tech isn’t inherently as bad as people say. It’s just not mature enough to do what people need it to do
I agree that it's a solution in search of a problem but moreover it's a technological solution for a social problem. If some federated soviets for example had a decentralized logistical software that simply naively trusted what the other soviets reported it would indeed obviously be abuseable but the idea of these groups federating is that they should have a baseline level of trust and shared goals such that cooperate. If they are incentivized to abuse the system then it has already irreparably failed on the social level.
To be clear I'm not being completely utopian here but relying on the fact that abuse of a logistical system can still be detected by other auditing means without needing a fully trustless system like blockchain.
It's definitely a technology that doesn't have a modern practical use, but in a case like solar system wide colonization, having automated trust networks would be incredibly valuable for simplifying transactions and movements
This is just flat out wrong, it wouldn't simply inter-planetary trading. Regional liquidity and market shocks problems would force the creation of individual currencies that can adopt to monetary policy to prevent economic collapse. These 'trust' arguments have zero economic reasoning.
I've said it before and I'll say it again, cryptocurrency is the only known way that a group of people who all hate each other can share computers and databases which can't be fucked with. Despite the idiocy in the space it's good actually
It's solves a problem that only exists in capitalism, the need for a loose consensus between entities that are also competitors. This is why it's an innately right-wing technology. Incredible inefficiency all for the purpose of avoiding community, trust and organization.
I think the 2 assumptions that make it inherently right wing are:
You could have a situation where federated nations use blockchain technology and smart contracts to ensure trust between each other for shared logistics or for automation of mutual aid, for example. The miners in this case could be controlled by an entire community and allow for decentralized ownership of limited goods without needing a single entity to organize them for you. Imagine something like the little free libraries that people put in their yards, but indexable and searchable in real-time.
I definitely see how these things are a solution in search of a problem, especially now that they’ve been fully captured by finance capital, but the underlying tech isn’t inherently as bad as people say. It’s just not mature enough to do what people need it to do
I agree that it's a solution in search of a problem but moreover it's a technological solution for a social problem. If some federated soviets for example had a decentralized logistical software that simply naively trusted what the other soviets reported it would indeed obviously be abuseable but the idea of these groups federating is that they should have a baseline level of trust and shared goals such that cooperate. If they are incentivized to abuse the system then it has already irreparably failed on the social level.
To be clear I'm not being completely utopian here but relying on the fact that abuse of a logistical system can still be detected by other auditing means without needing a fully trustless system like blockchain.
Communities and nations do not need blockchain. Human trust and impartial arbitrators will still be necessary to do anything material.
It's definitely a technology that doesn't have a modern practical use, but in a case like solar system wide colonization, having automated trust networks would be incredibly valuable for simplifying transactions and movements
This is just flat out wrong, it wouldn't simply inter-planetary trading. Regional liquidity and market shocks problems would force the creation of individual currencies that can adopt to monetary policy to prevent economic collapse. These 'trust' arguments have zero economic reasoning.
technically the opposite
Someone owns the software repository though. There's still a chain of trust but now it ends at some tech bro.
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Political dissidents also use crypto fwiw
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