Re:Crypto Capture of Foreign Aid
by mt_ on Friday October 02, 2026 @04:16PM
(#49938082)
So the best realistic alternative is what, AWS IAM for autonomous economic actors?
[ Parent
| on HN ]
May I present to you the humble briefcase full of cash?
I think “autonomous economic actors” is similarly, to quote GP, delulu.
Currency as a tool is inextricable from currency as a representation of interconnected states and state coercive power about what can be done with it. The maximum-autonomy other end of the spectrum leads to feudalism—not equivalent to feudalism but actual feudalism.
Low-currency-autonomy systems like we have can also produce bad outcomes. But sprinting for the other end of the spectrum guarantees them.