Crypto-Current (015)

§0.91 — The word ‘Bitcoin’ is itself a terminological wager. It is used in this work in a number of senses, or concentrations. Qualifying these, instance-by-instance, is impractical. The function it bears most consistently in Crypto-Current is prospective. It corresponds to the question what will Bitcoin become, and thus have been? It refers, then, to those current and impending processes distinctively initiated by the 2008 Satoshi Nakamoto paper of that name. Bitcoin names a specific crypto-currency, but also more loosely and generally any distributed ledger governed by Nakamoto Consensus. It thus abbreviates Nakamoto Consensus Governance.

§0.92 — Political terminology is peculiarly resistant to coherent usage (for reasons touched upon in Chapter 4 of this book). In Crypto-Current, ‘liberal’ is used consistently in its European, rather than its American sense. (Philosophical consistency is otherwise impossible.) It designates the cause of the autonomous economy, and thus the politics of screening private transactions from public consideration. By celebrated world-historic irony, this approaches the opposite of its dominant contemporary – and especially America – sense. ‘Left’ and ‘right’ are taken to be defined, respectively, by opposition to, and practical advocacy for, maximally-permissive capitalistic activity. Variation on the ideological spectrum – or principal political dimension (PPD) as it is called here – is thus articulated in broadly Marxian fashion, between (classical) liberal and socialistic poles.

§0.93 — The attempt has been made to privilege logical over traditional syntax consistently (most pointedly in the placing of quotation marks). While initially set upon the course of a pitiless war of annihilation against semi-colons, those wheezing vermin that scratch out a wretched persistence among the unflushed sewers of punctuation, the noble enterprise has allowed itself to be side-tracked on occasions by the depravities of common usage.

§0.94 — Compressed date format (####/##/##) throughout this book is consistently: year / month / day, unless year only, or year / month only.

§0.95 — Since it would probably sound absurd to say that Satoshi Nakamoto has triggered the single greatest thing to happen on this planet since the origin of life, we will not say it (unless cryptically).

[Preface ends. Agonizing dilemma about how to proceed which I’ll say more about in a moment …]

2 thoughts on “Crypto-Current (015)

Leave a Reply