25 Jan '16, 5pm

#Bitcoin and the #politics of non-political #money #crypto #cryptocurrency

#Bitcoin and the #politics of non-political #money #crypto #cryptocurrency

Jim Harper is a senior fellow at the Cato Institute, working to adapt law and policy to the information age. A former counsel to committees in both the US House and the US Senate, he served as Global Policy Counsel for the Bitcoin Foundation in 2014. In this article, Harper discusses why bitcoin needs level-headedness from its community members to survive as a non-political digital currency. An early trope about bitcoin was that it was ‘non-political’ money. That’s a tantalizing notion, given the ugliness of politics. But a monetary system is a social system, technology is people , and open-source software development requires intensive collaboration – particularly around a protocol with strong network effects. When the group is large enough and the subject matter important enough, human relations become politics. I think that is true even when it’s not governmental (read:...

Full article: http://www.coindesk.com/bitcoin-politics-non-political-mo...

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