UN Paper: Pushing Bitcoin for Third World Issues is ‘Techno Colonialism’

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A new UN operative paper argues that the bitcoin village has a bent towards “techno-colonial solutionism” and “techno-libertarian evangelism” in proposing a digital currency as a resolution to issues in a building world.

Authored by eccentric researcher and consultant Brett Scott for a United Nations Research Institute for Social Development, a paper provides a authority on a basis of bitcoin and discusses a technology’s intensity applications for remittances, mild structures and micro-insurance systems.

However, it also flags intensity “points of regard and conflict”, such as a tendency for a bitcoin village to foster tech-from-above “solutionism”, and to “evangelise” libertarian domestic ideals.

By contrast, a paper serve considers blockchain 2.0 technologies with “more sincerely communitarian ideals” and their intensity for formulating “cooperation during scale”.

Disconnected from ‘gritty amicable reality’

That cryptocurrency is formed on collaborative open-source beliefs and peer-to-peer networks suggests a joining to amicable oneness and mutual aid, says Scott.

However, citing Yelowitz and Wilson’s 2015 paper “Characteristics of Bitcoin Users”, he says bitcoin’s picture has turn compared with “speculators, profit-driven entrepreneurs, market-fundamentalist libertarians and record fetishists”.

While bitcoin has been touted as a resolution for a unbanked of a building world, there sojourn doubts as to a viability of the

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