#bitcoin anyone ? - Roelof Roscam Abbing (nettime-l)
We can see how the design of Bitcoin as a mathematical framework does not make it free of politics. For in it’s design it also contains certain (unconscious) political ideas about society that are grounded in anarcho-capitalism. The mathematical framework has thus for not shown to be capable of preventing the extremely quick formation of potentially disruptive monopolies in a system that was designed to be neutral and decentralized.
The idea that setting the right technical parameters will remove the necessity for supervision and accountability is thus incorrect. For we are witnessing the appearance of #cartels and #monopolies that could have never been formed in a properly regulated market. Bitcoin as such will not work to empower the individual and free him from centralized power, instead Bitcoin serves to create new #centralized_power_structures that are unregulated, opaque and unaccountable.
où l’on découvre les #mining_guilds qui « contrôlent » bitcoin