Money and The Means of Production

Marx“Each country has its own ruling class. In capitalist countries, the rulers own the means of production and employ workers. The capitalist class is also called the bourgeoisie. Means of production are what it takes to produce goods. Raw materials, satellite networks, machinery, ships and factories are examples. Workers own nothing but their ability to sell their labor for a wage.” -Karl Marx

The means of production are the actual objects that one needs to own in order to be able to produce goods. This could be anything from real land to the machinery that can create textiles. The means of production are investments that will create products, which in turn creates capital for the owner of the means of production so they can pay their workers some portion of that capital. However, in an advanced capitalist society the most prominent means of production is capital alone, and this can be seen with how financial markets now dwarf all other economic markets today.

Considering how deep capitalism penetrates into all facets of our globalized society, it can be said today that capital is the primary means of production. Capital within our society can purchase all, and can do anything, and can make any decision: money is the only true sovereign in a capitalist society.

Everything is for sale, and nothing is scared anymore, including their law. 

The State, Capital, and The Means of Production

politicians and bankersMoney is the central component of a capitalist system. This once was gold, sliver, and other commodity-monies, but as the state grew in power throughout the centuries, it came to regard the freedom of money as ‘dangerous’ and seized all forms of commodity-monies. Ironically, FDR did this to save capitalism, and in doing so he created the conditions state-capitalism. Check out this link for more on bitcoin and the history of money to understand how money has become nothing more than government debt backed by legal violence.

In this last stage of capitalism, the power of the state and capital become one; fused through totalitarian state capitalism by the monopolization of the monetary system. No longer is the separation of money from the state, or the state from money possible–they have fused together with state’s control of the monetary system. Due to the monopoly on the right to violence governments also hold, this gives them the power to ensure that only they can issue money. The state has forced people to give up real commodity monies with intrinsic value, for fiat scrips with no underlying value. This action took place over the course of the last century along with a complex campaigns of psychological warfare against the liberty of money to allow for the state itself to become money.

It is because of this that today gold and silver are little more than investment scams ran by the same banks that peddle the state’s fiat scrips.  Nearly all economic exchange is taking place using fiat money; a money that cannot be differentiated or distinguished from state power itself. Through the legalized monopoly that central banks have, the state now fully controls the means of exchange and the mode of production within advanced capitalist societies: money.

Money as Propaganda


11th century Venetian gold ducat

The greatest secret about money is that it is only social–only men can create money, nature cannot. However, nature does create value, and it is this that we are seeking out.

From the very first forms of money, it has always been maintained by statist that it is not the precious metal that has value, but the stamp that is malleated into the gold or silver which has value. This is nothing more than propaganda. It is part of the greater illusion that the state has any bearing on the value of money.

The states original purpose for stamping commodity monies was to act as fair and just regulator in the setting of the weights and measure for coinage. However that was centuries ago, and is little more than a tale to justify government seigniorage. Today the state has anointed itself with the very right to create money and however much it they may choose. Through the complete need for the state to monopolize money, we also see the signature of why money must be monopolized by the state in the first place.

Money is the true sovereign. Money alone can decide the exception to the law.  

Money is the final weapon in an advanced capitalist society, as money is the most powerful form of production in an advance technological society. Through using a monetary system that is outside of the control of any state, we are creating the scaffolding for the next epoch of society. Through using money that is controlled by no state, but the internet itself; we will usher in the hegemony of the digital. This is the bases for a new form of sovereignty and economics in a post-statist world.

Monetary Control = Economic Control = Political Control


The command of money is little more than command of the economy itself. This is why the state must control money, or else it will lose control of all the fuckery they do within the economy. This is why exiting from the fiat economy and using cryptocurrencies is the most power form of protest that one can take. Through using cryptocurrencies we seize the greatest means of production in our society: The monetary system itself.

When less than 100 people owning more wealth than the billions of people in the entire lower half of society, it is clear who owns the monetary system. Through refusing to use their corrupt, inflationary money; we seize the greatest means of production and deactivate the state totalitarian machine.

Through striking at the monopolization of money itself, we strike at the very root, the very heart of the problem in our globalized world today.

Too few, own too much, at the expense of too many, for too long.

We are change this.

We are choosing to use a different monetary system. One that is protected by the immanence of cryptography, and outside of the corrupt hands of the state. By using and hodling digital currencies, we are seizing the most power means of production in our society and how the state keeps control of our lives and economy. By striking at money itself, we can reappropriate our economic system from the hands of the state, and usher in a new era of freedom, and liberty for all.

Specialization and The Cryptoeconomy

BitcoinBitcoin and alternative digital currencies (altcoins) are much more that just simple currencies–they are a means of exchange, and the entry point into the new digital economy: the cryptoeconomy. Their development represents a technological protocol for digital ownership and economic exchange. This has far reaching ramification for both the internet and money as they both evolve to create their own new economic machine totally removed from state command economies and monetary systems.

With digital currencies acting as a new sovereign monetary force, they are facilitating the growth of a radical new sector of the digital economy that is total unregulated, and removed from the onerous regulations of all state governments. This is allowing for a proliferation of specialized ‘altcoins’ which range from useless to spectacular, each which seeks to create their own specialization within this new digital economy. While many are duds and even outright scams, there is a whole new economy being built, and many of the ideas are both huge in scope, and with the impact they want to create.

Specialization, Money, and Transaction Cost

smith ricardo

Adam Smith and David Ricardo

Adam Smith first presented the idea of specialization in Wealth of Nations. David Ricardo later expanded on this idea with his theory of comparative advantage, which is the idea that that nations should specialize in industrial production that they have distinct advantages in. Digital currencies can specialize in the same way, creating their own comparative advantage by working directly within the framework of the internet, rather then limiting themselves with anachronistic limits of state forms of money, and their laws. This, in turn, radicalizes not just money and finance, but anything to do with the internet and economics.

One of the most important economic features of bitcoin and other digital currencies is the near-zero transaction cost they have, which means that in almost all cases over an extended timetable, digital currencies will always have a lower systemic transaction cost than any form of fiat money. Thus, using bitcoin as a mode of exchange to invest in new and exciting technologies not only is quicker, cheaper, and more secure (when using appropriate security protocols!) than in the fiat economy, but also opens up a whole new world of investing opportunity that could not exist otherwise.

With digital currencies being native to the internet, unlike fiat money, they are empowered to create a totally new kind of economy which is not based on regulations and permission-seeking, but through creating totally new markets and technological opportunities. There is a plethora of new digital currencies and projects which all are using this same near-zero transaction cost to radicalize pretty much every single area of the contemporary economy through applying this technological advancement of money to their field. Each one of these project are focused on an area where the traditional economy is failing or falling short, and where a new digital version of it can change everything.

Initial Coin Offerings

ICOUsually a public offering from a company is going to take millions of dollars, lots of legal fees, and huge amounts of regulatory oversight. The massive inefficiencies and regulatory burdens of this process has locked out most people from being able to be involved in this process, and unable to reap the massive profits that can come from high-risk investing like this. Now with the ability to raise tens of millions of dollars using cryptocurrencies, almost anyone can create a public offering for just fractions of what it once cost. The most common way of doing this with crypto at this time is through an initial coin offering (ICO).

ICO are one of the most powerful modes of investing in the cryptoeconomy. Cutting through all of the red tape of investing and assuming the risks and rewards for oneself; there are huge opportunities (and scams!) that are occurring right now in the cryptoeconomy that are going to fundamentally destroy the old economy modes, in exchange for newer and better ones. The creative destruction of cryptocurrencies is changing all of the old way of investing and economic control, and imbuing that into the digital sphere.

One of the reasons that this can be done is because of the stable store of value and the unit of accounting that bitcoin provides to these new investments. Through acting as a unit of accounting, people are able to invest directly into ICOs by sending bitcoin directly, and in some cases taking their profits in bitcoin directly too. There are also several great projects being built in the Ethereum ecosystem that are taking this same approach, with profits being paid out in Ether, the currency native to the Ethereum blockchain.

Let’s take a look at just a few of the great projects that are currently being working on in the cryptoeconomy.


EthereumI wrote a post recently about how bitcoin is the money of the internet and ethereum seeks to be the finance of the internet. I see bitcoin as being a core stable money of the internet, like gold throughout the world for most of modern history, and ethereum as being finance for the internet.

I see a lot of ‘bitcoin 2.0’ being developed with ethereum, and a lot of amazing project are being built on top of it creating ‘Dapps’ or decentralized app. These Dapps are the applications which are going to fundamentally restructure the economy. From self-driving cars that pay for themselves and take themselves to the repair shop, to drones that will drop off your tacos once you send some bitcoin, Dapps are going to change the world.

These project range from simply dice games, to robust prediction platforms, and public offerings for decentralized companies. Much of the reason for this is the simple object-oriented programing language, Solidity, that was developed for building smart contracts in Ethereum. This allows for simple smart contract to be built in a few days, rather then the few months it would take to do the same with bitcoin.


MoneroMonero in many ways is what bitcoin originally wanted to be. Using a new kind of cryptographic protocol that is different from bitcoin, Monero provides strong anonymity that ensures that users financial information, along with their personal identity is much harder to track then it is with bitcoin. For this reason, several darknet markets have recently started supporting Monero, and Monero looks like it is trying to create its own niche within the cryptoeconomy centered around true anonymity and privacy.

I personally also like that the devs of Monero are anonymous, as I cannot imagine the state would ever let someone build a cryptocurrencys like this, and not attack them directly. Overall, Monero looks like a strong privacy-centered digital currency that could one day be the privacy currency.


AugurAugur is a Dapp, meaning that it was built on top of etheruem as a decentralized app. Augur is the first of a few different prediction market apps that seek to create a prediction platform by letting users bet on pretty much anything. You can check out more information about it here:


filecoinThere are a few different projects similar to FileCoin such as Storj and Madesafe, which are all seeking to create a decentralized storage and hosting solution for the web. These are the kinds of huge, infrastructure changing, decentralizing projects which I think can radically change the internet, and in turn society itself. While FileCoin has not had an ICO yet, both Madesafe and Storj have, and they also have small limited application of the project released. These are the sort of radical project that are creating the new cryptoeconomy.

Dual Power

Through creating alternative, decentralized networks that have the same functions as more expensive, centralized, state-sanctioned networks; we are creating the conditions of dual power in order to collapse the state. It is not just the market efficiency of these systems that will do this, but the very decentralized nature of them that will come to fully challenge the power of the state, and the networks they use. Each state-sanctioned network (facebook, fiat money, ISPs, exchange markets, etc.) will come to be challenged by a non-state network, and over time, simply because of the lack of onerous regulations, and the well-placed mistrust of the state; they will come to prevail over the state-sanctioned network.

The digital age is presenting the interregnum between centralized state power, and decentralized digital power. Over the course of the next decade, states will find themselves struggling more and more with the spectre of the internet and the new forms of power it has created. As states do everything in their power to try to stomp out these new decentralized networks (particularly in more extreme ways as their power is challenged), they will come to find that they do not have power in this space. They will see the destituent power of cryptosystems, and will only be able to show their powerlessness against the immanence of systems built upon the power of mathematics, rather than the wills of men.

The Destituent Power of Crypto


“There is something that all people, whether they admit it or not, know in their heart of hearts: that things could have been different, that that would have been possible. They could live not only without hunger and also probably without fear, but also freely. And yet, at the same time—and all over the world—the social apparatus has become so hardened that what lies before them as a means of possible fulfillment presents itself as radically impossible” –Theodor Adorno

We will witness the radical impossibility that have been promised from antiquity. A world unified under the banner of true freedom through digital technology and crypto will become a reality. This is because the form of power that crypto is based only upon is only a destituent kind of power–it only finds value in a world where money, language, and politics have been fully corrupted, and the only thing left to do is to refuse it. Through the deactivation of the power structure as we understand it through a totally new strategy of power inoperativity, we break the whole system.

The new digital economic exist outside and beyond the control of any and all forms of government. It does this through deactivating the control states have on the economy through creating a new monetary system. From the NSA, CIA, and DOD, there is no lettered agency that can claim any degree of sovereignty over our means of economic exchange, and private communications that we have made for ourselves within the framework of crypto. There is nothing they can do other then display their powerlessness against the majesty of cryptography, and their own selfish and fearful need to control everything. Crypto is the bases for the new society that we shall create in the shell of the old.

Destituent Power

Agamben“If revolutions and insurrections correspond to constituent power, that is, a violence that establishes and constitutes the new law, in order to think a destituent power we have to imagine completely other strategies, whose definition is the task of the coming politics. A power that was only just overthrown by violence will rise again in another form, in the incessant, inevitable dialectic between constituent power and constituted power, violence which makes the law and violence that preserves it.” -Giorgio Agamben

The goal is not to create a new form of money–that has already been achieved. The real objective is to render a new kind of law; a new kind of politics. A kind of politics that does not taint itself with the violence of man, or the machinery of the state. There no longer is a need for the law-making violence of the state machine, and we are creating a new world where such crude and barbaric forms of violence can no longer legitimize themselves. We shall vanquished such evil from this world through simply absconding into bits spread all through the globe.

A new epoch is beginning and the first goal is to render both old money and old politics not just worthless; but as a testament of its corruption.

Our power is a destituent one. A power which robs the current laws and politics of any meaning through displaying their total corruption. This empowering a new system which they cannot affect, they cannot touch, and they cannot corrupt. We can do this through shattering the current economic-political monopoly, and rending those powerful in old world indifferent to that of the digital realm.

We seek to reactivate Law as it was suppose to be, rather then attempting to constituting changes through the corrupt system of today. The laws of the old world are meaningless in this digital space; and now we need to make this is true in the world of flesh and steel as well. Once we see that abandonment of the current political architecture is the only way forward, that we will be able to start to creating our new form of politics.

The digital system radically divides itself from the state system of laws through a political praxis of non-violence. Through protecting information with encryption, and widely distributing media against corruption and injustice as a form of truth, we can create a new world.

The legal violence which enacts state laws and creates their power simply cannot exist here: there is no territory in which it can apply itself. This radical division is what fundamentally divides our codified digital laws from contemporary violence made laws. We don’t need the violence of statism to cooperate.

The Digital Commons as an Economic and Political Praxis

Through the power of the internet and the digital commons, we can recreate our systems of government to be the Utopian fantasies they were dreamed to be. We can reactivate the power of being ruled by constitutions–agreements to what we are entitled to as citizens. This can allow for us to be governed by the science and immutability of technology, rather then the finicky wills of men who corrupt with ease for selfish gains. No longer do we need to tolerate the violations of our sacred compacts, and the trouncing of the very rights which create our governments.

The deployment of all of these new cryptosystems with harden cryptography is not just a mathematical breakthrough, but the roots of an epochal change. The economic power of digital currencies deposes of state economic system in exchange for a digital one. This is just the very beginning of the deposition of power away from the hands of the state, and back into that of the people. Over the next decade these systems are going to fundamentally challenge the state, and their control on every level of life.

This power deposes because it is an explicit exit from the current, corrupt economic and political system that is pervasive and all-encompassing in our lives. In the digital, the whole multitude of society can exist; with no minders or masters. Here we have chosen to construct all of this for ourselves, without the help of our masters of state, or their capitalist allies who have corrupted our systems of government for private gains.

Towards the Future

We can create a radical new world where the freedom of all is not just a hope, but a reality. The power of technology has drawn us closer then we have ever been before, and now we can see the world as it truly is:

There are untold billions of us living in the most destitute of situations, fighting for the smallest of scraps from Empire. Once we see that there is the greatest of strengths in creating a new form of digital solidarity which can beat back the beast of global fascism, we then might stand a chance for a real future which we are no longer slaves; but truly free to determine the world which we will make.

Ethereum, Crisis, and Code as Law

The crisis that is currently facing the Etherum community with the upcoming hardfork to recover The DAO funds brings up the fascinating question of what is the role of those who write the code which acts as functional law in the land of cryptocurrencies? The Code may very well be The Law within these systems, but what happens when the rules of such a society starts to break down, and the very core of those laws seems to be threatened? Must the law be maintained no matter what, including the destruction of the society? I think not.

Salus Publica Suprema Lex

This latin phrase came to be one of the highest laws in the Roman Republic. It loosely translates to, “public safety is the highest law,” which includes the guiding principal that necessity does not acknowledge any law. What we uncovered here is the very real political praxis that operates within the Ethereum community, and the cryptocurrency community at large. The political action behind the code can always find itself in the most extreme scenarios, in which it must operation outside and beyond the principals of the code as it was written. We find that at the extremes of the breakdown of the code, there is always the meatspace where the intentions of those who make the code can reactivate it to what it was intended to be.

For the Ethereum community, the DAO hack was not just a challenge to the code that has been written, but to the very foundation of what is to be done. If the NSA or GCHQ had hacked The DAO, or compromised the Ethereum protocol itself, would we sit aside and proclaim, “The code is law, and there is nothing we can do,” or would we choose to fight back?

Direct Action has no code

There was no code, no digital currencies, and no method of digital economic action to resist the corrupt banking and economic machine in 2007. This did not stop Satoshi from his radical dream of create a new digital compact through code, in which we could create a new economic system which the state was banished from entering.

Flash forward 7 years and see what we have now. There is not just one, but hundreds of digital currencies all which pose some degree of threat to the contemporary economic system. Each and every one of these new forms of money is not just code–it is a protocol of direct digital political action.

There is no code for direct action. There is only the principals that guide us in the same way that there are principals that guide the functions of cryptography. Does it serve the function of public safety for what we need it (in this case, is the crypto secure) or has it been compromised? This is the same function that the direct action of a hardfork serves when it is to help preserve the integrity of the system as a whole. There is no code to ensure the system functions as it should–only the will of those who code it.

Crisis as Consensus Building

If the DAO hacker gets to take control of the amount of Ether that is on the line, there is a very real possibility of the whole system of Ethereum being compromised. The DAO hacker can control a significant % of Ether and use that to stake for much more Ether once Caspar has been implemented. More importantly, however, would be the display of callowness from the Ethereum core devs, and their willingness to let their vision be compromised, all because they see the code as the highest law, and not their ability to affect it.

At this point we can choose to move forward with the code as it has acted, or we can usurp the unintended action of the code in the name of the safety of the system. The Law of the code is not what is written, but what is intended by those who operate it and give it real power.

The Ethereum hardfork that will happen tomorrow is simply the reactivation of the code as it was suppose to be. I support these actions because they show the strength, courage, and tenacity that the Ethereum core devs have. They will see their vision of an open financial system birthed into the world, and it is because of their own willingness to demand that. They are allies in our quest to free the world of statist fiat money, and this is just the first of many test of what shall be done when we are face-to-face with what can either destroy us, or make us stronger.

Facing such crises together and choosing to lead us through these times of crisis is what shall allow for us to change the world! The code is not law, but what we choose to support and manifest is!

Here is my salute to the Ethereum core devs! Keep pushing forward the code that will help us change the world, and know that you are supported in your efforts!

What if Mr. Robot is real?



Hello Friend.

You don’t know me but I’ve been watching you. I know you feel like you have no voice. I know you feel trapped. I know you feel controlled. but I’ve been fighting for you. all of you. it’s time to break free from our corporate masters.

You have been a slave to their debt far too long.

Exit their economy and start using bitcoin now.

Bitcoin: The Halvening

In my post understanding the economic functions of bitcoin, I explained in-depth how bitcoin functions as if it were a central bank, and how the supply of ‘bit-coins’ are created. Understanding bitcoin’s supply is important for understanding what we are witnessing today with the huge price increase. This has been caused by a supply-side liquidity crisis that is just getting started. This ‘crisis’ has been caused by the ‘monetary policy’ of bitcoin, and how new bitcoins are created by the mining process. For more details on how bitcoin creates its value, please check out the intrinsic value of bitcoin and bitcoin as a commodity money.

It was decided long ago that bitcoin’s monetary supply would cut in half every 210,000 blocks no matter how much hashing power is being expended. We are feeling the shock of the impending drop in the production supply, which is causing the of bitcoin price to sky-rocket.

Supply-side shock

‘The Halvening’ is the moment that the bitcoin production supply reduces by half. When we go from block 419,999 to 420,000 and the block reward will go from 25 BTC to 12.5 BTC–the production amount is chopped in half.

Similar to how markets will to respond to changes The Fed will make weeks in advance of an actual meeting, this is what we are seeing with bitcoin today. Bitcoiners understand the production supply will change soon, and the market is starting to respond to that. The key difference between The Fed’s policy and bitcoin’s, is we know what is going to happen with the supply of bitcoin, whereas it’s a guessing game with The Fed.

This known reduction of the production supply is creating a liquidity crisis that causing for a deflationary hodling activity to occur. People are less willingness to sell bitcoin now that the halvening is approaching, as the perception of the value of a bitcoin is changing.

Half the production supply

The production supply, the new bitcoins that are mined each day are done mostly by huge multi-million dollar mining operations. They are the ones whose production will be cut in half, while still spending the same amount of real electric energy to mine for bitcoin. After block 420,000 it will cost at least twice as much to produce the same amount of coins previously.

These are the coins that are sold directly to exchanges and institution and provide the most sell-side liquidity to exchanges. With block 420,ooo impending, this is causing for bitcoin to entering into a new price seeking event; as the market knows the supply is about to dry up. This is causing for a new bubble to increase the price of bitcoin to new equilibrium price that accommodates the drop in supply. This is so the same amount of nominal liquidity (fiat value) can be provided with sharp reduction in the available supply of circulating bitcoins. Until block 420,000 is reached, we are going to be in price disequilibrium in a bullish direction.

A Hyperbitcoinization event?

The value of a bitcoin token is changing again, and this time it could be more then just another bubble. Bitcoin is a fundamentally better form of money than any other form of money we have seen before, and it has a higher liquidity preference then cash itself and it will always have a low transaction cost than fiat money.

At some point, the rigged game of old money and finance will be seen for what it is, and people will want to exit.

The global economy is teetering on catastrophe, and once a large financial institution like Deutsche Bank goes down, it is going to drag a large part of the financial industry and world economy with it. And not a goddamn thing will be done to prevent it. As moral hazard has taught us all, the banks are special and will be bailed out at the expense of the general public.

People are tired of the bullshit, lying, cheating, and stealing that is universally accepted by banks and their political allies as ‘business as usual’. We are changing how money works in response to this, and we will rejoice as the banks burn, and the real crisis starts.

Summer 2016 is going to be a hot one!

The Brinkmanship of Crypto

“A specter is haunting the modern world, the specter of crypto anarchy. Computer technology is on the verge of providing the ability for individuals and groups to communicate and interact with each other in a totally anonymous manner. Two persons may exchange messages, conduct business, and negotiate electronic contracts without ever knowing the true name, or legal identity, of the other. Interactions over networks will be untraceable, via extensive rerouting of encrypted packets and tamper-proof boxes which implement cryptographic protocols with nearly perfect assurance against any tampering. Reputations will be of central importance, far more important in dealings than even the credit ratings of today. These developments will alter completely the nature of government regulation, the ability to tax and control economic interactions, the ability to keep information secret, and will even alter the nature of trust and reputation.”
― Peter Ludlow, Crypto Anarchy, Cyberstates, and Pirate Utopias

States believe themselves to be above and beyond the laws and constitutions that created them. They believe they are the law itself, no different from the kings and emperors that came before them. This has driven the world under the leadership of state governments into a dangerous power struggle with their own people. This game of brinkmanship has led to the extreme development and deployment of cryptography as a means to resist tyranny, and will cause for the downfall of states in the coming years as they lose control of the means of communications, exchange, and ultimately their population.

Due to the constant transgressions of all States into a territory to which they have no claim, we have been forced to use the power of encryption to shield ourselves from their glaring eyes. We use encryption to protect the very rights to which we are entitled, but which the state would still deny us. The same aggressive, violent and illegal behavior states display outwardly towards each other, they now present towards their own people. The have pushed us into a brinkmanship that can only end in our mutually assured destruction:

The people, as bound and sworn subjects, and States, as sovereign governments that reign through the power of the Social Contract and constitutions that bind us.

This is how the old social contract is destroyed, and new smarter one is deployed.

Encryption as Resistance to Tyranny

The power struggle for states to control all communications has each state engaged in a civil war against their own citizen for control of all information. States violate civil liberties of their citizens systematically, utilizing violent police actions to respond to our political actions. We are fed propaganda that such actions are for our own safety, and that the state must see all and approve of all to protect against ‘terrorist’ that are little more than a fabrication. We are brainwashed from a young age not to disobey authority or we will be met with the truncheon and broken teeth. Direct physical resistances is impossible and merely gains us broken bones, and lengthy prison sentences. To abscond into bits is our only hope now.

These repressive bodies of armed men under the authority of the state has driven the circumstances which impels the development of cryptosystems. This dangerous game that has all states engaged in brinkmanship against their citizens, violating their right to privacy and interloping into every facet of life for ‘security reasons’. Through these actions, states have caused for the extreme development and use of cryptosystems across the global. States have proven themselves to no longer be trusted, and we must use crypto to protect ourselves from them. People around the globe can now use crypto to negate the economic and political functions of the state, and evade their unjust draconian laws.

Digital currencies are the economic empowerment of cryptosystems that fights against both corrupt bankers, and the corrupt state fiat money system. Over the next several years there will be a florishment of activity from System D, and the global south as they discover what crypto can do for them. This will be at the expense of the contemporary economic and political system, as more and more people choose to exit state economies and political systems, and join the new digital ones.

Economic Resistance Through Digital Currencies

It is inevitable that this new form of technological capital will clash against the old forms industrial capital. Through the creative deconstruction of money as a social ideal, bitcoin recreates capital as access to, and direct ownership of the social network that is money. It renders a new kind of capital that is based upon mathematics, encryption, and technology; which is superior and more efficient that the violent monetary monopolies of state fiat capital.

Crypto provides absolute protection of both ones communications, and now wealth as well. It is from this base of power that we can start to understand the true power at the root of digital currencies.

Bitcoin and cryptocurrencies are new forms of capital that any person can use from anywhere on the planet. We are creating a new world that all may enter without privilege or prejudice accorded by race, economic power, military force, or station of birth.  We are creating a world where anyone, anywhere may express his or her beliefs, no matter how singular, without fear of being coerced into silence or conformity. State legal concepts of property, expression, identity, movement, and context do not apply to us. They are all based on matter, and there is no matter here.

Through the understanding and application of cryptocurrenices and cryptosystems to the modern economic and political machine, we are forging a new future; outside and beyond the controls of states from the past.

Digital Solidarity

There is solidarity to be found in our mutual quest to have transparent, privacy-protected form of wealth. This solidarity is transnational in its nature, and can be found among people in every corner of the globe. We now have a mode of true economic resistance that will allow for us to reject the corrupt beast of government and capitalism, while forging a more egalitarian system for all. There is now an economic system which makes economic exploitation much more difficult. This will create a rising tide for all, at the expense of the contemporary capitalist class. Crypto gives people a way to organize, communicate, and exchange for themselves, without the approval of the state and outside of the banking system. This new form of international money can operate outside the bounds and beyond the limitations of any, and all states. It is truly a manifestation of a digital sovereign; an economic and political power that is beholden only to itself.

People of the world will adopt cryptocurrencies in the coming decades, not from the majesty that is offered by the mathematical security of these systems, but the from the sheer economic efficiency they present against the old monetary system. Digital currencies are too efficient and inexpensive when compared to the expensive, corrupt, inept system of finance, exchange, economics, and banking the world has today–the transaction cost of cryptocurrency systems are just too low compared to fiat ones. Digital currencies can help our society solve the fundamental issue that has always existed between money, and exploitation: the control of money itself.

Hidden from the all-seeing oppressive panopticon of the technological totalitarian state; crypto is the organizational weapon against the bureaucratic state, their police armies of death, and their alliances with corrupt capitalist who poison and permanently destroy vast swaths of the natural world. We can now fight back without needing to subjugate ourselves to the violence that will meet us if we organization in the streets. We must strike at the root of the problem, which is economic in nature, and has manifest itself though the control money by a small corrupt group of politicians and bankers. We must end this exploitation, and the only way is to create and use another system of money which they can have no power over.

Crypto Endgame

There is a total war that is happening against all people right now–a grand civil war that has all states engaged against all people. This war is pervasive, all-seeing, and complete in the most insidious ways. The web of torment and despair we have endure can only be made present by the catastrophe as Angelus Novus sees it. This is about far more than just money and economics–this is about justice, redemption, and the creation of a free future for all.

As people start to see through the illusion of money and how governments use that to control their populations; their will be a slow abandonment of government fiat currencies for cryptocurrencies. Through withdrawing our support of fiat money, the old system will collapse upon itself, and there will be a grand jubilee. States will be forced to acknowledge our economic power, and ask for our help–to which we will say no, and we will watch them burn.

The war by the state against citizens is larger than about simply having privacy, or a right to personal wealth–this is about fascism. The insidious, hidden mode in which intolerance and oppression is allowed to exist through an authoritarian state masters commanded by capitalist. These people in government care more about controlling people through violence, than to resolve the problems that propel their populations to demand justice. We can now create that on our own; without their help and beyond their control.

We are creating a civilization of the Mind in Cyberspace. May it be more humane and fair than the world your governments have made before.

Decentralized Autonomous Organizations 

TheDAOFor a longtime there has been a cypherpunk fantasy of a truly decentralized autonomous way to created organizations. The idea is that through building a company on top of a decentralized cryptographic system, like Ethereum, it can function outside and beyond the control of the world of flesh and steel. It is to do to companies what bitcoin did for money: to make it impervious to the state.

In the last few months, we have seen this fantasy come to fruition with the premier of TheDAO.

More than $50 million dollars and counting, all in crypto, has been raised by TheDAO, and what they plan to do is truly revolutionary. This is a system of code that allow for the creation of corporate entities that are controlled and governed entirely through ethereum shareholders who control the direction of the company. Everything about the companies that are created from The DAO are decentralized, fully autonomous, and don’t touch the state-based financial system. We have reached an endgame where the oppressive and despotic functions of the state can no longer exploit people via capital. Where we are going, we don’t need fiat anymore…

Ethereum as Finance, Bitcoin as Money


As I pointed out in the start of the essay The Revolution of Bitcoin Banking, we are still in the 11th century of online exchange with bitcoin. Today we are slinging around digital coins online with very real value; which has no difference from paying for any goods or services with gold or cash. While this does not seem to be an issue at this time, we need to remember that we live in a modern society where such basic transactions hit their limits quite quickly. What we need are complex forms of contracts that can create debt, insurance, and other forms of contracts. In other words, we need real finance and not just money.

While I don’t believe that bitcoin will ever fade as a storage of value, it does seem to be a strong payments system. While the ‘is bitcoin a payment or storage of value system’ debate has been going on from the start of bitcoin, it has more recently picked up steam with the blocksize debate. Regardless if bitcoin does increase the blocksize or not, it may not matter very soon, and that is because of another star we are seeing rising to take bitcoin’s place not as a money system, but as a finance system: Ethereum


Vitalik Buterin

Vitalik Buterin

Ethereum was developed by Vitalik Buterin in late 2013. It was not developed as an altcoin, but rather as a full contracts platform to be able to work as a layer on top of bitcoin, or any other digital currency for that matter. To steal a remark I saw on /r/Ethereum, bitcoin is to digital gold as ethereum is to digital oil. Ethereum purpose isn’t to be a deflationary money like bitcoin, but a contract platform and the engine of digital finance.

Perhaps this will finally answer the question; is bitcoin a storage of value or a payment system? It seems as though it can work as the later, but it is better as the former. Whereas Ethereum was built specifically to create contacts and has a higher inflation rate to account for the more robust use of Ethereum. What bitcoin is to hard money, Ethereum is to finance.

Ethereum enables the bitcoin bank that I speak of in The Revolution of Bitcoin Banking. What this can realistically do is create a robust full banking and finance platform that is completed decentralized and non-state based. This is how the internet not only gets its own money, but its own banking system, economy, and the tools for digital natives to secede from our current economies to new digital ones.

Finance 2.0

Ethereum is the ubermensch of bitcoin. It not only wants to be everything that bitcoin is, but it goes over and beyond bitcoin to create something larger, something beyond it. Bitcoin has masqueraded as a payment system for long enough, and now it can come to do that which it was made for: to become the storage of value for the modern technological world, and to create the base value for the future digital economies that will come to govern the world.

What Is To Be Done

“Without revolutionary theory there can be no revolutionary movement.”

At the end of the 20th century humanity was given the most powerful tool that the world has ever seen: the internet. In less than 20 years, the internet has evolved from being a slow, complex, obscure piece of technology to connecting billions of people today with just the flick of a button. Despite the fact that we can use the internet to communicate more efficiently, and exchange information with magnitudes more efficiency then just a few decades ago; we still find the shadow of fascism grow larger with each passing day…

Control of our respective economic, political, and social systems have been overtaken by corrupt capitalist and their political stooges, and now they seek to take over the internet itself. It does not matter if you are German, Korean, Argentinian, or American–all of our systems have been corrupted in the same way, with the same methodology, by the same class of people. Corruption reigns supreme, while the basic needs of society as a whole are ignored. Self-determined humans everywhere have been hamstrung by economic corruption, government impotence, and social cowardice to ensure that the wealthy will always win.

This is THE defining feature of ALL so-called democracies around the world. Unless we choose to fight this corruption directly and to strike at the single root which unites them; we will continue to suffer under their exploitation. The single feature which unites them is fiat money; and that is the very structure–the very object–which we seek to destroy. Through the promotion, advocacy, and use of digital currencies we can destroy the contemporary financial system, which is controlled by the 0.1% at the expense of the whole of society.

Politics and Economics are Inseparable

We must understand that there is absolutely no division between economics and politics. It is by the very make up of our political and monetary system that all economic conditions are determined. It is only when we fully recognize that political power is only economy power that we will be able to create the revolutionary struggle against all state monetary systems and their kleptocratic allies.

Never has there been a greater need for true radicalism to emerge to challenge the fascism hidden in the folds of all governments. We must radically divide ourselves from every other supposed ‘political’ group in order to make our struggle clear. Each and every sort of progressive movement throughout the world today finds itself under the constant glare of the fascist machine to ensure it remains complacent and broken. Threatened to be violently crushed back down each time we rises up; the people callow under the glare of the machine like cattle calmed by the hushes of butchers. For the first time in history, there is a real possibility for true international proletarianism, if we choose it.

We can use the internet to as our revolutionary vehicle to organize ourselves, and digital currencies as our method to create economic independence. All that is left is to create the organizational structure that will create a new future, in solidarity will all oppressed people everywhere.

As this new form of power grows to show what it is capable of, a new power structure will form–a polis within the internet itself, which will become the citizenship of the future.

From this base of power we can start to organize against all states, and the corporate machines that control them. As our membership grows, so will our political practice, and our political consciousness. This is how we build a new future outside and beyond the horrors that currently haunt the future which we are marching into.

Beyond The Spectacle

Despite the incredible power of the internet, today we stand stunned and seduced before it; subject to it, rather than subjugating it. We are hypnotized by the taste of the social architecture; the dazzle of infinite distraction. Wsuccumb to the inertia of the impossibility of our task; feeling no more than a hollow glimmer that a different world is possible. Today even the most ‘radical’ solutions are little more than an impotent sigh; a sign of caring imbued with defeat from the start. Not an action of true struggle, but the compromises of slaves who know freedom can never be a reality.

The Left, crushed and broken for decades, has become little more then a false idol to placate the the liberal masses. To offer some illusion of progressiveness is the sole duty of liberalism, while allowing for nothing to change. Even socialist today are little more then apologist for the capitalist system, only wishing for a more ruthless exertion of state control upon capital.

If want to create a new way forward, the only way is to break the bonds of the old system itself: Money.

By break the antiquated money system of old, while cultivation any new one they do not control; we can change everything.

The New Way Forward

Every party today wishes, beg, and cowtows for The Machine of State-Capitalism to change its horrific ways.

Where is the party to which would stand and fight against this Machine? Where is the party that would crush it where it stands and to uncompromisingly disassemble each and every last cog of the machine to make way for a better tomorrow? Where is this party that proclaims to be a true representative of the people? This party is nowhere to be found, which is why we must lead to a new way of life that is beyond parties and politics.

It is this false hope that a ‘party’ can steer the state and use that power for good which is the greatest enemy of our cause. To believe in the legitimacy of a corrupt electoral system only empowers the corrupt, and legitimizes their evils. To truly create change we must go beyond the false political consciousness we have been given, and construct a radical new one.

No Gods of Government, No Masters of Money.

We radically divide ourselves from the liberals, socialist, communist, and libertarians who refuse to work towards a better tomorrow without the state, and against the capitalist machine. They beg and plead to reform this horrible system, and would rather tolerate a corrupt, inept government; then acknowledge the puppet democracy for the false idol it is. It is only when we realize reform is impossible, that we will be free to achieve inevitable:


To Create a Revolutionary Future

We must create our own organization that stands against the evil anachronistic ways of the past, while radically embracing the liberative power that digital technology harnesses. We must make a global technology union for all people that will stand, serve, and protect the rights of each individual against the interlopings of all thieves; be it in the form of banks, the state, or violence itself. This is what will become the citizenship of the new society that is forming in the shell of the old.

Everything we need to change money–which changes everything–is in our hands. The only thing left to do is to build, collaborate, and create the future we must have.

“For the anarchist, freedom is not an abstract philosophical concept, but the vital concrete possibility of every human being to bring to full development all of their powers, capacities and talents with which nature has endowed them, and turn them to social account.” ― Rudolf Rocker