The sound of a Missouri household is Fox News. Since the 2008 financial crash, the conversation has focused on the inefficiency of the powerhouse that is the U.S. government. The idea of lessening the federal government’s role in the daily lives of American citizens is a narrative that can’t get enough air time. Equally as omnipotent to a Missourian, is the rise of the surveillance state. The new conservative, a pseudo-libertarian holds the overreach in contention. Anarchists and agitators now build payment systems that skirt Big Brother. And that’s been pushed forward by the release of Bitcoin, a decentralized digital currency protocol that uses distributed authentication and an expensive proof of work algorithm to keep unknown actors working towards the same goal. A political leaning cannot be gleaned from the Satoshi Nakamoto Bitcoin whitepaper, but many Bitcoin evangelists will tell you the message embedded within the first Bitcoin transaction–”The Times 03/Jan/2009 Chancellor on brink of second bailout for banks”–remarks on the incompetence of the banking system and monetary policy. But will we praise the separatist tools of these minority entrepreneurs that will save us from 1984 or will we revolt against a technology co-opted by madmen to do nothing more than harm? “Balancing privacy and transparency is the biggest puzzle of the 21st century,” said Peter Kirby, president and CEO of Factom, one of a growing number of blockchain-as-a-service...Read More
Author: Bailey Reutzel
I was told again and again that I needed more focus, a narrower topic, a question to be answered in every state. That was, most mentors said, the only way to get sponsors interested in the blog. And it’s solid advice. But I’m not going to do it. Journalism is about writing the story that’s there, not concocting your own version and finding the people, places and things to fit that narrative. Most editors will tell you to write the headline first, so you know where you’re going. But I disagree. I don’t want to be part of the echo chamber. You don’t forge the story at the beginning, the story reveals itself at the end. While I’d love all of this to fit nicely together so that I may make it into a book, that’s for fate to decide. I’m traveling around the country to study the broad topic of money and value, from central bank cryptocurrency to the volunteer community that fills water bottles for drug-induced festival goers to the waste that is a coal mine still burning under a ghost town… and that hasn’t even gotten me through the first month. As I see it, these stories are part of the growing postcapitalism movement that Paul Mason so remarkably wrote about in The Guardian earlier this month. Mason takes the words right out of my mouth,...Read More
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