Uploaded March 2024 | Updated September 2026, 1 week ago
Although bitcoin and other cryptocurrencies are often thought of as money, Joshua Davila believes they only have some money-like properties, and that this is in fact a good thing. But bitcoin fails as an inflation hedge, what are some other use cases? We assess the role of bitcoin in funding WikiLeaks, SciHub, and Satoshi Nakamoto's warning about using a nascent bitcoin for political ends at a time when Julian Assange was first being targeted.
Clipped from “ArtiFact 56: Bitcoin For Socialists?” -- youtube.com/watch?v=un8jqcrQ70k
Buy Joshua Davila’s “Blockchain Radicals: How Capitalism Ruined Crypto and How to Fix It” – amazon.com/Blockchain-Radicals-Building-Beyond-Capitalism/dp/1914420853
Joshua’s Twitter page: twitter.com/TBSocialist
To get the B Side to this conversation, support us on Patreon: patreon.com/automachination
B Side topics: left vs. right-wing conceptions of personal responsibility; every crypto Twitter ad is a scam; account abstraction for added security; froth vs. fundamental value; how crypto adds a premium; investment vs. utility; Alex: most of my crypto acquaintances are sociopaths; why Alex hesitates to release his art as NFTs; bitcoin ordinals encourage spam art; the art world has been scamming for centuries; NFTs place anti-art expectations upon artists; Solana’s Degen Poet is like a 10 year old; art as money laundering; hypocrisy in the art world; Josh: most art does not have value; why Alex is annoyed by DCInvestor.eth; how NFTs work and why they will NOT go away; NFTs add inalienable rights on top of authentication; why Josh rejects digital scarcity; crypto idiots: Balaji Srinivasan makes a $1 million bitcoin bet; debunking the Network State; Roger Ver gets imprisoned over pipe bombs; bitcoin and energy consumption; crypto “walking” apps and greenwashing; Bill Ackman won’t be getting laid for months
Subscribe to the ArtiFact podcast on Spotify: spoti.fi/3xw2M4D
Apple Podcasts: apple.co/3wLpqEV
Google Podcasts: bit.ly/3dSQXxJ
Amazon Music: amzn.to/2SVJIxB
Podbean: bit.ly/3yzLuUo
iHeartRadio: https://ihr.fm/3AK942L
Read more from the automachination universe: automachination.com
Read Alex’s (archived) essays: alexsheremet.com
Follow us on Twitter: twitter.com/automachination
Tags: #bitcoin #cryptocurrency #politics
Although bitcoin and other cryptocurrencies are often thought of as money, Joshua Davila believes they only have some money-like properties, and that this is in fact a good thing. But bitcoin fails as an inflation hedge, what are some other use cases? We assess the role of bitcoin in funding WikiLeaks, SciHub, and Satoshi Nakamoto's warning about using a nascent bitcoin for political ends at a time when Julian Assange was first being targeted.
Clipped from “ArtiFact 56: Bitcoin For Socialists?” -- youtube.com/watch?v=un8jqcrQ70k
Buy Joshua Davila’s “Blockchain Radicals: How Capitalism Ruined Crypto and How to Fix It” – amazon.com/Blockchain-Radicals-Building-Beyond-Capitalism/dp/1914420853
Joshua’s Twitter page: twitter.com/TBSocialist
To get the B Side to this conversation, support us on Patreon: patreon.com/automachination
B Side topics: left vs. right-wing conceptions of personal responsibility; every crypto Twitter ad is a scam; account abstraction for added security; froth vs. fundamental value; how crypto adds a premium; investment vs. utility; Alex: most of my crypto acquaintances are sociopaths; why Alex hesitates to release his art as NFTs; bitcoin ordinals encourage spam art; the art world has been scamming for centuries; NFTs place anti-art expectations upon artists; Solana’s Degen Poet is like a 10 year old; art as money laundering; hypocrisy in the art world; Josh: most art does not have value; why Alex is annoyed by DCInvestor.eth; how NFTs work and why they will NOT go away; NFTs add inalienable rights on top of authentication; why Josh rejects digital scarcity; crypto idiots: Balaji Srinivasan makes a $1 million bitcoin bet; debunking the Network State; Roger Ver gets imprisoned over pipe bombs; bitcoin and energy consumption; crypto “walking” apps and greenwashing; Bill Ackman won’t be getting laid for months
Subscribe to the ArtiFact podcast on Spotify: spoti.fi/3xw2M4D
Apple Podcasts: apple.co/3wLpqEV
Google Podcasts: bit.ly/3dSQXxJ
Amazon Music: amzn.to/2SVJIxB
Podbean: bit.ly/3yzLuUo
iHeartRadio: https://ihr.fm/3AK942L
Read more from the automachination universe: automachination.com
Read Alex’s (archived) essays: alexsheremet.com
Follow us on Twitter: twitter.com/automachination
Tags: #bitcoin #cryptocurrency #politics
