tag:blogger.com,1999:blog-3591186784456519139.post6737771238196493449..comments2024-01-02T17:38:32.872+00:00Comments on Economics of Imperialism: Bitcoin: a Digital Alternative?Tony Norfieldhttp://www.blogger.com/profile/03896437404164741498noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3591186784456519139.post-51002714531453151292014-06-23T08:27:04.399+01:002014-06-23T08:27:04.399+01:00This comment has been removed by a blog administrator.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3591186784456519139.post-40824744003280362702014-06-11T19:19:10.784+01:002014-06-11T19:19:10.784+01:00"you can be cool and alternative, but also a ..."you can be cool and alternative, but also a sucker" - this had me chuckling. Another excellent look at what lies behind appearances. I'm pleased to find myself agreeing that infatuations with "going off the grid" - which is basically what underpins the motivation to dream up and implement something line Bitcoin - will attract interest- and in rhis case demand - from a core of enthusiasts as well as thoses "interested by all the interest". The fundamental point that international currency relations are trade relations between competing capitalist states is well made. Further I would also argue that so much profit is made simply through currency fluctuations - as parasitic profit - especially as capital looks to speculative investment when concrete production becomes unattractive - that non-state digital currencies couldn't easily mke inroads at the cost of this vast global speculative circulation. Indeed capitalism increasingly relies on profit through sleight of hand in times of crisis. Bitcoin I agree must offer more that anti-bank trendiness to gain a serious following.Anonymoushttps://www.blogger.com/profile/09821607520856351023noreply@blogger.com