THE ECONOMY

[IdleRich]

one fundamental diff bw crypto and "real" money and that is "real" money is a genuine financial liability and crypto is not

I'm not saying they are the same, I'm saying that systems that rely to a large part on the mutual belief of those involved are not a new thing.

 

[Clinamenic]

I'm not saying they are the same, I'm saying that systems that rely to a large part on the mutual belief of those involved are not a new thing.

Yeah and just this time, with crypto, it’s more naked.

 

[luka]

you lot are thick as fuck

 

[Clinamenic]

Fine you tell us, is Bitcoin a liability to anyone?

 

[luka]

never heard of it

 

[catalog]

Hey vimothy is up north is he?

 

[luka]

yes, Manchester suburbs.

 

[craner]

He knows how to rock and roll

 

[craner]

That's it though he got hammered last night, dropped some graphs on us and now we won't see him again for two years

 

[craner]

It's the mystery of the man

 

[craner]

To think he started off as a Nick Land fanboy who only joined the forum to own the libs, and now he's a totem

 

[catalog]

I like the "yurp" part.

 

[version]

Recently saw someone suggest applying this from Baudrillard to the economy rather than God,

“But what if God himself can be simulated, that is to say can be reduced to signs that constitute faith? Then the whole system becomes weightless, it is no longer anything but a gigantic simulacrum - not unreal, but simulacrum, that is to say never exchanged for the real, but exchanged for itself, in an uninterrupted circuit without reference or circumference.”

 

[wild greens]

I'm glad to see that I was proved right

 

[catalog]

Recently saw someone suggest applying this from Baudrillard to the economy rather than God,

“But what if God himself can be simulated, that is to say can be reduced to signs that constitute faith? Then the whole system becomes weightless, it is no longer anything but a gigantic simulacrum - not unreal, but simulacrum, that is to say never exchanged for the real, but exchanged for itself, in an uninterrupted circuit without reference or circumference.”

I was thinking about this, sort of, last night, when I couldn't sleep. I was thinking that Mark fishers slow cancellation of the future is a very Christian way of thinking, in a way. Its like original sin, you never feel like you could ever be good enough in late capitalism.

 

[version]

I was thinking about this, sort of, last night, when I couldn't sleep. I was thinking that Mark fishers slow cancellation of the future is a very Christian way of thinking, in a way. Its like original sin, you never feel like you could ever be good enough in late capitalism.

You could chuck in the Protestant work ethic too, although Gaddis argued it had been perverted by capital and work wasn't actually rewarded anymore.

 

[Clinamenic]

You could chuck in the Protestant work ethic too, although Gaddis argued it had been perverted by capital and work wasn't actually rewarded anymore.

There is still the stigma about being unproductive, which largely manifests as a personal, neurotic compulsion to be productive, but I'm not sure if this is reasonably attributable to the protestant/capitalist ethos. I'm inclined to think it is.

 

[vimothy]

Yeah and just this time, with crypto, it’s more naked.

crypto is completely different in this respect

 

[vimothy]

crypto is what you get if you ask a load of devs to redesign your monetary system

 

[Leo]

the entire system seems very user unfriendly to anyone who's not at least a semi-geek. bunch of weird acronyms and processes, most of them poorly explained.