Block chain is not wedded to a specific social political vision, but promiscuous. Nor is there anything in crypto currencies that would prevent them from becoming appendices to the global shadow banking system. Whatever scenerea emerge does not depend on technological inevitabilities, but on political acquiescence. In ultimately, questions of power.
Episode two of our two-part series on cryptocurrency: political theorist Stefan Eich on how crypto fits into Hayek's old neoliberal dream of private money and why that vision emerged in a new form in the wake of the 2008 financial crisis.
Read Stefan's article: static1.squarespace.com/static/5ae8a7b625bf02c0b85aec02/t/5c923c13eef1a1ce843836ff/1553087508427/Stefan+Eich%2C+Old+Utopias%2C+New+Tax+Havens+%282019%29.pdf
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