Game over, Bitcoin: Buscando la moneda digital con valores humanos

Game over, Bitcoin: Seeking digital currency with human values!
– by Michel Bauwens (translated from Spanish)

“A system designed to create billionaires Bitcoin”

Although, as a demonstration of concept, it is an extraordinary example, some argue that the distributed Bitcoin crypto-currency has serious shortcomings as a viable alternative to the monetary system. It is time that the truly radical monetarist beyond this technical experiment to advance to the next level of the monetary revolution: digital monetary system based on human needs.

Since its launch in 2009, Bitcoin has gone from being a crypto-anarchist project to be a hot topic of discussion on the net and elsewhere. From the houses squatters London , to the Kreuzberg district of Berlin, not everyone is paying with Bitcoins, but everyone is talking about it.

The Bitcoin can be described as a crypto-currency peer, or P2P. That is, it is a monetary system that facilitates distributed and relatively secure anonymous transactions without a centralized authority. Instead of airing through opaque banking system are the users themselves who generate Bitcoin currency through open source software and an intelligent algorithm which facilitates the safety and anonymity of the entire distributed system. As a result, there is no need for a central authority to manage the Bitcoin. The system is controlled himself.

Everyone agrees that Bitcoin, from a technical standpoint, is a proof of concept that has achieved outstanding and raise awareness of the imperfections in the monetary system today. The question is whether Bitcoin is capable of solving these problems or not. More and more prominent economists and activists who say no.

After Bitcoin and beyond shortage

In one of the discussions on virtual currencies held in the OuiShare Fest, all participants agreed that the currencies of the future should be based on trust and help the real economy. But where do you start?

“We have to dismantle the idea that the money must be a commodity, or long-term cumulative value,” explains Dropis Scròfina. In these interesting slides, Scròfina argues for a monetary system of post-scarcity.

Guerrilla Translation!

bitcoin32Stanislas Jourdan

Traducido por Stacco Troncoso, editado por Arianne Sved – Guerrilla Translation!

Artículo original

Aunque, como demostración de concepto, se trata de un ejemplo extraordinario, hay quienes alegan que la cripto-moneda distribuida Bitcoin tiene serias carencias como alternativa viable al sistema monetario. Ha llegado el momento de que los monetaristas verdaderamente radicales vayan más allá de este experimento técnico para avanzar hacia el siguiente nivel de la  revolución monetaria: un sistema monetario digital basado en las necesidades humanas.

Desde su lanzamiento en el 2009, Bitcoin ha pasado de ser un proyecto cripto-anarquista a ser un candente tema de debate en la red y fuera de ella. Desde las casas okupas londinenses, hasta el barrio Kreuzberg  de Berlín, no es que todo el mundo esté pagando con Bitcoins, pero todo el mundo está hablando de ello.

El Bitcoin puede ser descrito como una cripto-moneda entre iguales, o P2P. Es decir…

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