“Money has historically been a political process, a process through which people or states or some kind of entity consolidates authority over others,” says Bill Maurer, Dean of Social Sciences at the University of California, Irvine, an anthropologist who has studied the culture and history of money, adding: “So, you have this big paradox with something like bitcoin, where its very idea is that there shouldn’t be any one person or authority in control…”

For the full story, please visit https://www.coindesk.com/the-faketoshi-circus-why-even-bitcoin-cant-escape-the-politics-of-money.

 

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