Listening to a recent episode of the Solarpunk Presents podcast reminded me the importance of consistently calling out cryptocurrency as a wasteful scam. The podcast hosts fail to do that, and because bad actors will continue to try to push crypto, we must condemn it with equal persistence.
Solarpunks must be skeptical of anyone saying it’s important to buy something, like a Tesla, or buy in, with cryptocurrency. Capitalists want nothing more than to co-opt radical movements, neutralizing them, to sell products.
People shilling crypto will tell you it decentralizes power. So that’s a lie, but solarpunks who believe it may be fooled into investing in this Ponzi scheme that burns more energy than some countries. Crypto will centralize power in billionaires, increasing their wealth and decreasing their accountability. That’s why Space Karen Elon Musk pushes crypto. The freer the market, the faster it devolves to monopoly. Rather than decentralizing anything, crypto would steer us toward a Bladerunner dystopia with its all-powerful Tyrell corporation.
Promoting crypto on a solarpunk podcast would be unforgivable. That’s not quite what happens on S5E1 “Let’s Talk Tech.” The hosts seem to understand crypto has no part in a solarpunk future or its prefigurative present. But they don’t come out and say that, adopting a tone of impartiality. At best, I would call this disingenuous. And it reeks of the both-sides-ism that corporate media used to paralyze climate action discourse for decades.
Crypto is not “appropriate tech,” and discussing it without any clarity is inappropriate.
Update for episode 5.3: In a case of hyper hypocrisy, they caution against accepting superficial solutions---things that appear utopian but really reinforce inequality and accelerate the climate crisis---while doing exactly that by talking up cryptocurrency.
So you propose we move from one fiat I can hold in my hand to a different fiat that I can no longer hold in my hand.
You don't know what fiat means. Learn about money, and the technology behind before having such a strong opinion.
That sounds appropriate. Cryptocurrencies, when considered without the layers of misunderstanding and propaganda could be a useful tool in a transition to a more sustainable future similar to other imperfect but still at least temporarily useful technologies we might not ultimately want in a solarpunk future such as electric cars or tall buildings with trees all over them.
There could be implementations of crypto that don't consume a small country's worth of electricity and water just to work. Even the credit card industry uses a ton of energy and also continually funnels money to a small group of people who use it to prevent the sort of change we want to see.
Decentralizing the means of exchange and store of value is, I think, a very solarpunk thing. Crypto as it's been implemented isn't solarpunk at all. But the idea of alternative currencies and means of exchange that are more in line with the greater good of the people is solarpunk.
I, for one, like the idea of Ricky's hash coins.
I, for one, like the idea of Ricky’s hash coins.
Sure. It's not "Technically" a fiat currency. A government doesn't back it's value. But that just means it's literally fucking worse. It's so detached from the idea of representing anything that it is only worth something because someone believes it is. At least a gold standard is backed by something that has value. But I'm not fighting for a change to that either.
I just don't see the point of replacing one meaningless strip of paper with a meaningless strip of 1s and 0s in the context of solarpunk futures. At the current point in our timeline, cryptocurrency has NO valid use case for which there is not already a better system out there, even if that better system isn't the one we are currently using.
Also, fuck off. I'm entitled to my opinion, and I don't particularly believe anyone when they say that crypto is a force for good or useful. It's only been a way to rip people off.
Uh... ya.... money
We don't have a gold standard (in the U.S. or most western countries).
me too ya?
Did I fucking say you did? A gold standard. General case you myopic fuck.
What the fuck are you talking about? A backed currency has value from the item it is backed by, a fiat currency has value from the government it is backed by. Crypto has value from...??? Burning GPU time? Proof of stake is better, but there's no guarantee that it won't just all lose value tomorrow. But, I hear you protest, so could all money? Yes, but you know, people generally have a vested interest in keeping their government running for a multitude of reasons and to that point, other countries have a vested interest in keeping other countries afloat. Crypto? Not so much.
Look. There's nothing wrong per se with the technology itself. I just do not see it realistically being a necessary component for a solar punk future. Which was the point of the entire post.
And I was asking who are you to make this decision for solarpunk, which was a major point of my response.
But I see you're upset so no more responses.