Re: <nettime> Ten years in

[John Young <jya@pipeline.com>]

"Chinese money" is mostly other kinds of money masquerading, a deeply 
foolish variation on "offshore money." Offshore mostly a metaphor for 
whatever it takes to swindle, data a metaphor for whatever it takes to extort.

I.e., real estate money has little to do with real estate. Real 
estate has little to do with physical property. Property has little 
to do with physical, and then on to the most intangible imaginable.
Say, knowledge industry's intellectual property infinite argumenta 
and apologia for fleecing the unededucated by the overeducated as 
evangelical fundamentalism little different from monetary exaggeration.


At 06:51 PM 12/30/2017, you wrote:
> Very possible. The mechanism of financialization of the society is 
> inherently artificial and divorced (or just separated) from 'value'. 
> The traditional requirement that it is somehow tied to the reality 
> (as 2nd or 3rd derivative) is seen as deficiency. Bitcoin may 
> finalize the divorce.
>
> Dealing with few Chinese mints will be preferred over dealing with 
> quirks of the real estate market in California, for example, which 
> is one of the primary vehicles for parking private money these days 
> (ironically, mostly Chinese money.)
>
>
> On 12/30/17, 14:38, byfield wrote:
> > After the 2008 meltdown it became clear that taking entire nations
> > hostage, with ransoms paid in form of public bailouts, was a viable
> > business strategy. Would it really be surprising if Bitcoin, in some
> > aspect, turns out to be TBTF? The
>
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