Search Results: bitcoin

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  • ECONOMICS

    Welcome to the Matrix of materialism

    • David James
    • 26 January 2018
    7 Comments

    A visitor from an earlier time would be stunned to see how much we understand the world using monetary measures. Finance has come to be considered the first reality, not defined by, or reflecting, reality. To see how this creates distortions, consider GDP, which is taken to be a reliable measure of national wellbeing, but in fact is anything but.

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  • ENVIRONMENT

    Bitcoin has a massive energy problem

    • Greg Foyster
    • 18 January 2018
    1 Comment

    The digital currency Bitcoin consumes more electricity per year than New Zealand. Yes, the entire country. Escalating energy intensity is actually a security feature of the currency. With the related carbon dioxide emissions from this escalating electricity consumption, Bitcoin is a formula for climate change catastrophe.

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  • INTERNATIONAL

    Inside Catalonia's cypherpunk referendum

    • Marta Poblet Balcell
    • 05 October 2017
    3 Comments

    Activism advocating widespread use of encryption and privacy-enhancing technologies to bring political change in Catalonia is perhaps a sign of emerging trends on the internet: the horizontal, decentralised internet that Vint Cerf and Tim Berners-Lee, inventors of its core technologies, initially envisioned and are currently demanding.

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  • ECONOMICS

    Where is money headed?

    • David James
    • 29 July 2017
    2 Comments

    The daily fluctuations of financial markets and the fractious debates over economic policy are concealing something deeper and much more disturbing. The future of money itself is in question. A decade after world banking almost collapsed in the global financial crisis, the questions raised have not been answered.

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  • ECONOMICS

    Bitcoin revolution is a matter of trust

    • David James
    • 29 June 2017
    2 Comments

    One of the more interesting recent developments in finance has been the creation of Bitcoin and other crypto-currencies. They are being touted as a revolution in how we think and use money. Alternately, there are many who want to go in the opposite direction, back to the gold standard. Both sides have a common enemy: money whose value is determined by government dictate. Allowing governments to dictate in this way, they argue, is the core of the problem. To a significant extent, they are wrong.

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