In previous programs, we have highlighted technocratic fascism, embodied in a text excerpted from an excellent article by David Golumbia. In other programs, we have detailed the anarcho/fascist politics underlying Bitcoin. Now, Mr. Golumbia has published a book about Bitcoin, as excellent as it is short (77 pages of text.) It should be noted that the apocalyptic, dystopian view of our civilization epitomized by the Bitcoin crowd is embraced by Steve Bannon and the philosophical influences on him.
A Mitt Romney backer and former George W. Bush Justice Department staffer, James Comey is taking actions that are destabilizing both the Obama administration and the Clinton candidacy. All of the contents of this website as of 12/19/2014–Dave Emory’s 35+ years of research and broadcasting–as well as hours of videotaped lectures are available on a 32GB flash drive. Dave offers his programs and articles for free–your support is very much appreciated.
In past programs, we have covered school shootings, one of the most high profile forms of mayhem in our benighted society. With the growth of high-tech, they have now become technologically obsolete–school terrorism may become increasingly popular as anonymous communication technologies and anonymous payment systems like Bitcoin continue to roll out. The psychological effect of having children terrorized in this manner should not be underestimated. It will drive people into the arms of fascism, as they cry out for “someone to do SOMETHING! All of the contents of this website as of 12/19/2014–Dave Emory’s 35+ years of research and broadcasting–as well as hours of videotaped lectures are available on a 32GB flash drive. Dave offers his programs and articles for free–your support is very much appreciated.
Continuing discussion from FTR #866, we develop various manifestations of libertarian, technocratic fascism. Celebrated by Silicon Valley executives and elevated to power (in part), by EBay chief Pierre Omidyar, Narendra Modi’s Hindu nationalist/fascist government has been suppressing free speech, lauding Mahatma Gandhi’s killer as a patriot, murdering critics and turning a blind eye to lethal mob violence directed against Muslims for allegedly slaughtering cows. Capitalizing on Snowden’s activities, the very financial institutions that precipitated the 2008 financial collapse are employing a secure, end-to-end encryption messaging system that will enable them to evade regulatory scrutiny. The laissez-faire, corporatist economic philosophy embraced by Modi is at one with the values of Edward Snowden, Julian Assange, the Tea Party and the GOP as a whole, the advocates of Bitcoin, and the pirates of Wall Street. Program Highlights Include: a comparison of the social philosophies of Assange and Snowden with those of the SS; review of Modi’s move to undermine India’s child labor laws; review of the frightening possibilities of “smart contracts;” review of Bitcoin as “cyber-offshoring.”
Although high-tech can be an enlightening, entertaining development offering remarkable possibilities for improving human existence, there exists another, sinister potential. Many big tech firms and coders of various types don’t play well with others–they embody another ethic: ” . . . . [they are] telling us that coders don’t just have good things to contribute to the political world, but that the political world is theirs to do with what they want, and the rest of us should stay out of it. . . .” Potentially realizing the wet dream of powerful economic elites, crypto-currencies like Bitcoin are seen as circumventing the ability of nation states to tax in what might be termed as “cyber-offshoring.” Such a development would spell doom for nation-states. Major financial firms implicated in the crash of 2008 have circumvented regulators with their end-to-end encryption service called “symphony.” Ethereum CEO Gavin Wood enthuses about the possibilities of smart-contracts: ” . . . illicit activity enabled by Ethereum could change the world, he says. . . .” Program Highlights Include: Target stores’ introduction of robot workers after employees voted to unionize; Hindu fascist Narendra Modi’s courting of Silicon Valley at the same time as he works to undermine India’s child labor laws; Ethereum’s technology enabling: the assassination of political leaders, the vandalizing of websites, the subversion of any form of state regulation and the technological replacement of lawyers and other administrators. Low-wage workers aren’t the only ones facing replacement by digital technology.
Albert Einstein said of the invention of the atomic bomb: “Everything has changed but our way of thinking.” We feel that other, more recent developments in the world of Big Tech warrant the same type of warning. Remarkable developments in the world of Big Tech and Big Data are empowering human beings in ways that were inconceivable even a short time ago. There has been an exponential increase in the potential for technocrats to control (or destroy) the lives of millions of people. At root, however, the human race remains the same bunch of femur-cracking, marrow-sucking neanderthals we have always been. Tech-savvy analysts can identify anonymous credit users and predict their behavior with just a small amount of data. At the same time, Facebook has developed an app that will permit banks to identify the credit-worthiness of someone’s friends, potentially denying the user a loan because of their friends! A new tech wrinkle will facilitate the use of Bitcoin to assassinate public figures and others, at the same time as making the jobs of attorneys and others obsolete, to an extent. The “internet of things” threatens to open up entirely new vistas for “Tech abuse.” Program Highlights Include: the Symphony messaging service, featuring end-to-end encryption that may prevent regulators from adequately overseeing the operations of financial institutions; the use of Bitcoin to permit hackers to extort users of the Ashley Madison cheaters website; review of the essence of technocratic fascism: ” . . . . Hackers (“civic,” “ethical,” “white” and “black” hat alike), hacktivists, WikiLeaks fans [and Julian Assange et al–D. E.], Anonymous “members,” even Edward Snowden himself walk hand-in-hand with Facebook and Google in telling us that coders don’t just have good things to contribute to the political world, but that the political world is theirs to do with what they want, and the rest of us should stay out of it . . .”
2014 could have been better for Bitcoin. After peaking near $1100 in December 2013, Bitcoin is currently under $250. 2014 was not a good year for Bitcoin.
But that doesn’t mean 2015 has to be the same. And if a slew of recent announcement involving some very big investors are any indication of what to expect, the mainstreaming Bitcoin is about to get a big boost. But that boost could come with a big price too. All those “microtransactions” of as little as 0.000000001 of one bitcoin (BTC) that much of the Bitcoin community hates so much is precisely what these deep pocketed interests are planning on promoting in a big way. And in order to make it all happen, they might have to become some of the biggest bitcoin miners around too. And that means the future of Bitcoin is increasing in the hands of ‘The Man’. Also, the microtransactions might be used to monetize how we access the web. And how the Internet of Things spies on us. It doesn’t actually sound very fun.
Highlighting the perils of wikiculture and underscoring the utility of Bitcoin for various types of criminal activity, we note that cyberattackers have frozen a key database for bankruptcy-afflicted Detroit. In return, they are demanding 2,000 Bitcoins as ransom–no doubt because of the relatively opaque and untraceable nature of the digital currency. All of the contents of this website as of 10/2/2014–Dave Emory’s 35+ years of research and broadcasting–as well as hours of videotaped lectures are available on a 32GB flash drive.
The future of health care in societies subjected to the doctrine of “Austeria” may be seen with the appointment of doctrinaire neo-Nazi Makis “The Hammer” Voridis as Health Minister of Greece. Fascism is surging in a Europe subjected to German-mandated austerity, as evidenced by the recent EU Parliamentary elections. Much of the program highlights fascism marching under the deceptive banner of “freedom” and/or libertarianism. Bitcoin continues its march toward monopoly, with the mysterious Ghash.io controlling 51% of the market. Gun-wielding fascists supportive of “libertarian” (read “white-supremacist”) Ron Paul gunned down police in Las Vegas, while so called “sovereign citizens” shot up police in California. “Cliven Bundists” (supporters of Cliven Bundy) have declared themselves exempt from Bureau of Land Management regulations in Nevada, as the GOP ramps up another government shutdown to foil Obama’s climate change legislation. At the same time, the very high-tech giants that complained so loudly about Obama’s failure to protect individual privacy are surging ahead with programs and technology to obliterate that very consideration.
In our ongoing critique of Bitcoin, we’ve noted that it appears to be an “op,” executed by Siemens spinoff Lantiq, which was capitalized by Golden Gate Capital (staffed by alumni of Bain Capital, Mitt Romney’s firm.) In a reprise of a previous and apparently ongoing vulnerability of Bitcoin, the possibility of an “Armageddon” in the Bitcoin world produced by concentration of ownership looms. Once again, the GHash.io mining pool is at the center of the plot. Because it had garnered 50% of the Bitcoin market, it could “double-sell” coins and compromise the integrity of the entire network.