4 ms·
Idk, the tron metaphor was a bit too cute for me, and there's a bit too much of a conspiratorial bent. Like sure, banks, government, and tech companies are ince
by lofatdairy 3y ago
Idk, the tron metaphor was a bit too cute for me, and there's a bit too much of a conspiratorial bent. Like sure, banks, government, and tech companies are incentivized towards increasing demand for digital payments, but each are motivated for different reasons, I highly doubt it's nearly as coordinated as described and born out of distaste towards average people, it's probably more on the logistics and around money velocity. It's also ahistorical to look at it as a uniquely contemporary development. Paper money itself derives from bank notes and goldsmith notes, the convenience of use drives demand for abstraction.
- Brian_K_White 3y agoDigital money is not merely another natural and neutral abstraction. I can't think of any valid reasons to pretend not to know that.