New Criticals

The steady growth rate of Bitcoin, and the fixed market saturation concluding at 21 million Bitcoins, further demonstrates these principles of digitization that we have been discussing. All variables are accounted for; the generation, pathology, and destination are predetermined and knowable. Even the logic of an entity that could be conceived as rogue (Nakamato) adheres closely to that philosophy of digital capitalism – know everything, account for all, make it so. It doesn’t matter if Bitcoin disappears entirely tomorrow; to consider them as more than a curiosity forces one to confront basic truths about the nature of money. What is money, then? Now? 85 individual humans possess the accumulated wealth of 3.5 billion people, a tragic unreality of singular possibility in this immaterial economy. Is that in itself not spectacularly incomprehensible?