Re: <nettime> Never Mind the Bitcoin?

[Morlock Elloi <morlockelloi@gmail.com>]

Analogies galore: Bitcoin acts like a dam spillway, when there is too 
much water that cannot be used to run turbines or irrigate. Very bad for 
everyone downstream.

https://en.wikipedia.org/wiki/Oroville_Dam_crisis


On 12/14/17, 01:20, Felix Stalder wrote:
> in a traditional sense. There is simply too much money held by too few
> people who now trade it among themselves, rather than seeking to extract
> surplus value from labor. There are only so many apartments one can buy
> in Dubai and all that money needs to go somewhere.

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