Bitcoin Geopolitics

The completed series on ‘China, Crypto-Currency, and the World Order’ is up at the WDW Review:

Part-1: Tribute and Tribulations
Part-2: Digital Denominations
Part-3: Clone Wars

It was written is sequence, so the overall structure could have been tightened (in retrospect). Without external disciples — or at least its interiorized simulcrum — it would probably have been extended to five parts, or more.

The first part already contains the most pronounced conclusion. The emergence of blockchain-based monetary systems intersects with the geopolitics of world currencies, and will inevitably modulate their deep historical rhythms. The RMB is less likely to become the central world reserve currency in the blockchain-epoch, principally because this status is a poisoned chalice, subtracting effective economic control even as it cements nominal dominance.

Despite superficial political reservations, and some characteristic patience (even inscrutability), the China factor is almost certain to advance the introduction of the decentralized public ledger commercium, which will organize the next-stage future of the global economy. None of these claims strike me as seriously controversial.

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