Money for Nothing

8. Intellectual property will become less defensible in the short term but it is still cultural gold. From “my kid could do that” to “right click and save,” new media from the early 20th century onward has been poorly received. As W. David Marx writes of NFTs in Dirt, “whether or not this particular NFT bubble bursts, we should take them seriously ... See more

Without a long-term vision of the world we desire… how can we distinguish scaffolding from foundation? How do we know which paths lead toward liberation, and which perpetuate the status quo? This is my frustration with the majority of the “post-monetary” discourse. In general, I’m not interested in cryptocurrencies: I’m not interested in replacing ... See more

The first part isn’t entirely unfair; scams and ponzi schemes are everywhere, and it seems clear that we are in the middle of an ever-inflating bubble. It’s also the case that an entire set of legitimate use cases are in reality regulatory arbitrage; crypto advocates are far too quick to ascribe all of the issues with the current monetary system to... See more