29 Aug '15, 12pm

Charles Stross on #Bitcoin, Smart Dust & Elon Musk's #Mars Colony | BostInno #futuretech #scifi

CS: My worry about Bitcoin specifically is Bitcoin has been designed by a libertarian with a political agenda. It's designed to undercut traditional currencies and impair governments' ability to collect tax. This is really, really dangerous. Because--it flies in the face of the neoliberal consensus--but we need tax. We need redistribution. Redistribution is essential because it ensures we have social inclusivity and that everybody is buying stuff. If you do away with social inclusivity you have fewer people buying stuff, you maybe have stratification of wealth and very rich people and very poor people. Very poor people don't buy stuff, they starve. Very rich people don't buy enough. They don't buy enough to keep a consumer economy running. On self-driving cars and machine autonomy GM: That wealth gap is growing. To what extent is technology contributing to it? CS: Yes. Goo...

Full article: http://bostinno.streetwise.co/2015/08/29/vc-books-charles...

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