Re: <nettime> Never Mind the Bitcoin?

[Morlock Elloi <morlockelloi@gmail.com>]

Bitcoin successfully hijacked a sizable amount of public belief, which 
underwrites any fiat currency, and it doesn't get more fiat than Bitcoin.

This is continuation of the phenomena of machine amplification of human 
activities; machines do it better and faster. Socializing, sex, 
education, transport. It's just that now they are getting into more 
esoteric class of activities ... beliefs. The next is probably love, and 
I'd be surprised if in few years we don't get new machine-mediated 
religion which will engulf the current manual ones. Now, that's the 
startup worth funding!

This is not necessarily 'bad'. We are finding out what our primitives 
are, uncluttered by inefficient rituals.


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