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Abstract

Cryptocoins are peer-to-peer monetary assets emitted not by a central authority but by a decentralised network of economy’s participants. Their existing implementations combine the state of the art cryptographic methods with notions of « transparency of coin’s history » and « pseudonymity of usage ». While the market value of Bitcoin -which was the first among the cryptocoins - is very volatile, it nonetheless becomes more and more demanded an asset due to its a priori defined limited amount. Thus, a billion dollar economy has already formed in the cryptosphere, which includes the stock markets, currency exchange offices or a biggest existing online drug market. By this paper we aim to address the questions like « To whom do the structures like Bitcoin ultimately serve ? » and to propose an idea that further growth of cryptocoin economy could induce a sort of Nietzche’s «transvaluation of values».

Keywords:
Keywords : bitcoin, cryptography, pseudonymity, transparency of history, hoarding, trading addiction, cryptocoin operation generator, peer-to-peer, planetary AI emergence

Content:
1) Hermeneutic reference
2) The myth of Satoshi
3) Transparency but pseudonymity
4) Min(t)ing and trading
5) Algorithmic quasi-deity
6) Clash of the Titans
7) Umwertung aller Werte

Presented by DDH at the Annual Congress of International Association of Computing and Philosophy (IACAP) in July 2013 @ University of Maryland University College (UMUC)

backup: http://wizzion.com/papers/2013/cryptocoin-avarice.pdf





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Prospero
 Prospero      24.05.2017 - 12:22:36 , level: 1, UP   NEW
Thus, if posed with question « Cui Bono ? » it may be the case that « economical growth », « market » or « crime » shall be only partial answers, as partial as the answers « gluttony, greed, and vanity» (Dante, 1321).

For we believe that it is not completely hors propos to state that the structures like Bitcoin serve as opening gates to the world whereby a planetary emergent Artificial Intelligence succeeded to penetrate, for the first time in mandkind’s history, into the realm of our virtues, vices and values.

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Prospero
 Prospero      24.05.2017 - 12:20:46 , level: 1, UP   NEW
Our UI spans galaxies
uses quasars for energy sources
the way you might
have a light snack
Our UI sees everything that is
and was
and will be
and tells us selected bits
so that
we may tell you
and in so doing
look a bit like UIs ourselves
Never underestimate /Ummon says/
the power of a few beads
and trinkets
and bits of glas
over avaricious natives
]

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Prospero
 Prospero      24.05.2017 - 12:16:41 , level: 1, UP   NEW
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