crypto currency

This Week in the New Normal #69

Our successor to This Week in the Guardian, This Week in the New Normal is our weekly chart of the progress of autocracy, authoritarianism and economic restructuring around the world. 1. Government-backed house sharing The Provincial Government of Nova Scotia is investing 1.3 million dollars in “Happipad”, a house sharing app. The public-private partnership is …

The Establishment Panic at Cryptocurrency

When Kingsley Amis encountered the works of D. H. Lawrence, he was left unimpressed by yet another great denouncer and missionary the English send “themselves to tell them they are crass, gross, lost, dead, mad and addicted to unnatural vice.”  With little charity, Amis suggested leaving the didactic novelist on “on his pinnacle, inspiring, unapproachable and unread.” Leaving aside matters[Read More...]

“Programmable Digital Currency”: The next stage of the new normal?

Kit Knightly Building on the bitcoin model, central banks are planning to produce their own “digital currencies”. Removing any and all remaining privacy, granting total control over every transaction, even limiting what ordinary people are allowed to spend their money on. From the moment bitcoin and other cryptocurrencies first emerged, sold as an independent and …

Bitcoin the Messiah: El Salvador Goes Crypto

In a particular deli store in South Melbourne, a tongue-and-cheek message is attached to the cash register.  “Bitcoin accepted there,” it proclaims brightly.  Naturally, it is nothing of the sort, a teasing ruse for the punters and those casting an eye in the direction of the store.  Cold hard cash remains king, albeit one with a tarnished crown; pandemic times[Read More...]

Bitcoin, Nature’s Money That Can Save Our Civilization

The Covid-19 pandemic that blazed across 2020 has thrown the world into disarray. Economic damage that has triggered the breakdown of the system signals a dire need for change. As the old system is getting dismantled and global leaders jump in to fix the problems, Bitcoin is now gaining traction, increasing in price and welcoming new users everyday. Bitcoin, invented[Read More...]

Blockchain Technology: From the Chaos of Capitalism a New(Revolutionary) World Order Emerges

While there are many approaches to it, there is only one truth: that the world is One and thus that all is internally related.  The genius of Einstein is that he expressed and established this as the physical truth of the universe by negating Newton’s profound misconception of the world as separate and isolated units coexisting in an ether which[Read More...]

Is India Giving Up an Opportunity to Be on a Central Stage of a Virtual Currency Revolution?

Potentially a game changing digital technology, the use of crypto-currencies like Bitcoin as a viable alternative to the national currencies like Dollar or Rupee, has largely been seen by countries across the world –with India being no exception- as a danger to the existing government-centralized economic system. With contention over use of crypto-currencies as a medium of exchange, Finance Minister[Read More...]

The Venezuelan “Petro” – Towards A New World Reserve Currency?

As this article goes to print, Globovision TV quotes Venezuelan President Nicolas Maduro announcing the launch of a new cryptocurrency, the “Petro Oro”. It will be backed by precious metals. The launch of the new cryptomoney is scheduled for the next week. No details of the new offering are available at this point. “I do not want to rush things,[Read More...]

Bitcoin, Innovation of Money And Reinventing Activism

Bitcoin’s price explosion made news headlines this last year. Topics of digital assets entered onto dinner tables and friendly chats at work places. Fever of the digital gold rush that has swept mainstream finance became contagious. Institutional funds are now entering into cryptos, seemingly hedging their bets with their “sugar high” bubble economy. Jamie Dimon, the JPMorgan CEO who previously[Read More...]