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RationalWiki · @RationalWiki

120 followers · 324 posts · Server universeodon.com

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#Bitcoin is a digital commodity that derives almost all its current "value" from #fetishization and #speculative #mania. It's also a slow, #inefficient, and #wasteful payment network. The payment network is mostly only useful for pseudo-anonymity, #crime, or for avoiding censorship.

The composition of a Bitcoin network's payment record (blockchain) is ultimately determined by those who continually direct the most (otherwise pointless) computing power toward a new block of transactions seeking legitimacy. This is called "proof-of-work-based payment-validation consensus". A large #cabal of computer processing aggregation can, in theory, dishonestly manipulate the payment history of Bitcoin. Bitcoin enthusiasts argue that greed itself prevents such a cabal from hijacking the entire ecosystem, due to fear of completely destroying the Bitcoin price. The enthusiasts have so far been correct about this.

#RationalWIki #crypto #cryptocurrency
https://rationalwiki.org/wiki/Bitcoin

#bitcoin #fetishization #speculative #mania #inefficient #wasteful #crime #cabal #rationalwiki #crypto #cryptocurrency

Last updated 2 years ago

Original post

Alex Christoyannopoulos · @alex_christoy

46 followers · 13 posts · Server kolektiva.social

📢 International Relations colleagues! 📢 Teaching IR theories this term? Want to spice up the curriculum? How about my article in International Studies Quarterly presenting an #anarcho-#pacifist reading of #IR (freely available via #openaccess): https://academic.oup.com/isq/article/66/4/sqac070/6748234? 😉😀

Short summary: Paper seeks to articulate overdue #anarchopacifist lens to #IR #theory. Explicitly #critical & #normative. Starts with brief #history of cross-pollination between #anarchism & #pacifism.

Then articulates 5 main an-pac contributions on: #fetishization of #violence; chronic sliding towards systemic #militarism; intersectional state-enforced #exploitation/#domination; structurings of international politics (current & potential); & questions of #politicalagency.

Throughout & towards end, positions these ideas against more established schools of #IRtheory, from #justwartheory to #realism, #liberalism, #Marxism, #poststructuralism, #feminism & others.