EconoFiction

Decentralized Priviledge_r

17 Feb , 2018  

 One of the key motives of the crypto scene is the recurrent claim that the spread of crypto-currencies and the associated decentralization of the financial sphere will help the world’s poor and underpriviledged.1 The reality, however, is that decentralization is promoted and practiced only if it promises to provide a

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EconoFiction

Decentralized Priviledge_r

13 Feb , 2018  

Eines der zentralen Motive der Crypto-Szene ist die immer wiederkehrende Behauptung, dass mit der Verbreitung von Crypto-Währungen und der damit einhergehenden Dezentralisierung der Finanzsphäre insbesondere den Armen und Entrechteten dieser Welt geholfen werde.1 Die Realität ist jedoch, dass Dezentralisierung nur dort gefordert und praktiziert wird, wo sie eine effizientere Verwertung ...

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EconoFiction

MoneyLab2 – Overcoming the Hype

22 Jan , 2018  

MoneyLab is a network of artists, activists, and geeks experimenting with forms of financial democratization. Entering the 10th year of the global financial crisis, it still remains a difficult yet crucial task to distinguish old wine from its fancy new bottles. The MoneyLab network questions persistent beliefs, from Calvinist austerity, ...

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EconoFiction

Cryptocurrency and Efficient Market Hypothesis. Drunken Risibility.

10 Sep , 2017  

According to the traditional definition, a currency has three main properties: (i) it serves as a medium of exchange, (ii) it is used as a unit of account and (iii) it allows to store value. Along economic history, monies were related to political power. In the beginning, coins were minted

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Mashines, NonPolitics

Economy and Power of the Net: Interview with Geert Lovink

21 Aug , 2017  

24/7 metric and algorithmic governance are important features characteristic of automated and financialised capital that Jonathan Cray and Berns/ Rouvrey understand also as a new kind of technological performativity. In his book “Social Media Abyss” Geert Lovink – founding director of the Institute of Network Cultures in Amsterdam – speaks ...

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