Will Bitcoin Incarnate Satoshi Nakamoto's Vision of Depoliticized Money?
Cryptocurrencies are oftentimes cast as future-oriented technological innovations that decentralize money, thereby liberating it from centralized governance and the political tentacles of The State; more specifically, as a trustless substructure, Bitcoin endeavors to operate irrespective of any soci...
| Publicado en: | Journal of Economic Issues Vol. 59; no. 1; pp. 207 - 233 |
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| Formato: | Artículo |
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Taylor & Francis Ltd
Mar2025
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=183347290&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 183347290 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00213624 JEI jtl: Journal of Economic Issues issn: 00213624 maglogo: N pubinfo: dt: Mar2025 vid: 59 iid: 1 pid: 377 pub: Taylor & Francis Ltd artinfo: ui: 183347290 10.1080/00213624.2025.2455659 ppf: 207 ppct: 26 formats: tig: atl: Will Bitcoin Incarnate Satoshi Nakamoto's Vision of Depoliticized Money? aug: au: Phillips, Emir su: Public institutions Technological innovations Bitcoin Electronic funds transfers Payment systems Monetary systems Computer network protocols Inflation targeting sug: subj: Public institutions Technological innovations Financial Transactions Processing, Reserve, and Clearinghouse Activities Other financial transactions processing and clearing house activities Bitcoin Electronic funds transfers Payment systems Monetary systems Computer network protocols Inflation targeting keyword: banking blockchain money payment systems banking blockchain money payment systems ab: Cryptocurrencies are oftentimes cast as future-oriented technological innovations that decentralize money, thereby liberating it from centralized governance and the political tentacles of The State; more specifically, as a trustless substructure, Bitcoin endeavors to operate irrespective of any social institutions. The protocols underpinning the platform are embedded directly into the network protocol, coupling the Bitcoin community towards technological determinism, a spell wherein technological artifacts can rudder both culture and society without the necessity of any political intermediation, whether by The State or Central Bank. Blockchain has focused too narrowly on providing a technological solution to the issue of scarcity and solving the double-spending problem. Problems involved in monetary and payment systems provide for a broad range of mechanisms supporting the circulation of money, which must be backed by the state for the scale and complexity of a modern economy. Cryptocurrencies such as Bitcoin are better perceived as a technological innovation that does not remove money from politics but rather is part of a struggle over the political status of money in an age of financialization. Money is a hybrid public-private institution, and technology alone cannot render the role of state institutions in monetary and payment systems obsolete. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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