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      "body": "Great information. Loved your article. Can you please follow me too?",
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      "body": "seems nobody want 10 SMART >:)",
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      "body": "Hana mefoum haaa",
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      "permlink": "making-sense-of-the-crypto-wars",
      "title": "Making Sense of the Crypto Wars",
      "body": "<p>\nhttps://steemitimages.com/DQmQoCvdmuNwwH9iGWKohg38xZqv8DuWRduv4jrdu5Fqfxm/518224-crypto-wars.jpg\n</p>\n<h4>7-January-2018</h4>\n<p>\nThe rise of cryptocurrencies has sparked a debate about centralized vs decentralized\nfinancial systems. But this is only the surface manifestation of a much deeper\ndivide that has been present in the West since the Enlightenment at least, and probably much longer than that. \nTo understand why cryptocurrencies are so contentious, we must understand the older\nand more fundamental rift between individualism and collectivism.\n</p>\n\n<h3>Locke and the <i>Logos</i></h3>\n\n<p>\nWestern civilization is founded on the ideals of the Enlightenment, which themselves were \nthe product of a lengthy evolutionary process, beginning with Greek and later Roman political \nphilosophy merged with Judeo-Christian metaphysical presuppositions. \n</p>\n\n<p>\nFor the Enlightenment\nphilosophers, particularly John Locke, the individual is the fundamental unit of society.\nThis proposition rests on the assumption of a state of nature in which all individuals live in\nperfect freedom to do what they please, but cannot rely upon this freedom due to the threat\nposed by others. Thus, they form social units to mutually preserve their lives and livelihoods.\n</p>\n\n<p>\nThe sovereignty of the individual and the emphasis on individualist reason rests upon Judeo-Christian\nmetaphysics. In Genesis, God creates the world out of chaos through speech. He then creates Adam and Eve in his image\nand likeness, that is, with the capability to use speech in a creative capacity. The Gospel of John opens\nby proclaiming that \"In the beginning was the Word, and the Word was with God, and the Word was God.\"(John 1:1). More strikingly,\nJohn continues by saying that \"the Word became flesh and made his dwelling among us...\" (John1:14), leading to the Greek word <i>Logos</i>\n being used for Christ in many traditional Christian texts.\n</p>\n\n<p>\nThe consequences of this metaphysical underpinning were tremendous. The individual, as one made in the image and likeness of God\nand given the capacity to reason, contains within him something of divine origin--the ability to use <i>Logos</i> to bring order to chaos.\nIn Locke's view, only God himself was sovereign over the individual in the state of nature, and in the absence of a divinely\nselected ruler, no hereditary system of government was legitimate. \n</p>\n\n<p>\nWhen applied to politics, this\nphilosophy leads to classical liberalism, in which individual rights, separation of powers, and democratic election of leaders \nprotects the sovereignty\nof the individual against encroachment by the state. \n</p>\n\n<p>\nWith science, it leads to the development\nof the scientific method to aid reason as it attempts to find and bring order to the world. \n</p>\n\n<p>\nIt\nleads to religious tolerance, as each individual's search for truth must be respected and allowed to continue without the \nimposition of force. \n</p>\n\n<p>\nEconomically, it leads to free market capitalism, where individuals are free to pursue the material goods necessary for\nthem to thrive with minimal government interference. \n</p>\n\n<p>\nCrucially, it presupposes that there is an objective truth and that freedom will allow the individual to discover it, which\nwill benefit not only the individual, but society at large. \n</p>\n\n<p>\nDespite the tremendous economic and scientific achievement of the Enlightenment societies, opposition began to mount\nfrom those who favored a more traditional religious approach, such as Kant, and those who wanted a collectivist,\ncentralized state, such as Rousseau. \n</p>\n\n<h3>Rousseau's Counterattack</h3>\n\n<p>\nRousseau accepted that civilization brought tremendous material wealth compared to the state of nature, but argued that this wealth generated jealousy,\ncompetition, and strife. The constant struggle between people for increased wealth meant that some won and some lost, \nwhich bred inequality. The winners in the system had a tremendous incentive to keep the system going<sup>1</sup>, often at the expense of the losers.\nRousseau believed that civilization was a \"zero sum game\"<sup>2</sup> in which it is impossible for all to be winners. The core culprit of civilization\nwas reason.\n</p>\n\n<p>\nFor Rousseau, human beings are primarily dominated by passions rather than reason. An emphasis on reason leads to self-centered moral decay, even as it leads to\nmaterial success. Instead, society should be founded on and led by passions, which override reason and its subsequent individualism. \nThe leadership will express the \"general will\", which will be good for the whole. Each individual \"...puts in common his person and his whole power\nunder the supreme direction of society's leaders\"<sup>3</sup>. However, the state must also have the ability to compel \nthe individual to accept state supremacy. This supremacy is total. \"...when the prince says to him: 'It is expedient for the State that you should die,' he ought to die, \nbecause it is only on that condition that he has been living in security up to the present, and because his life is no longer a mere bounty of nature, \nbut a gift made conditionally by the State.\"<sup>4</sup>\n\n</p>\n\n<p>\nRousseau's ideas of a strong, centralized, collectivist state were highly influential among socialists in the late 19th and early 20th centuries. \nBoth left wing and right wing socialists organized their ideologies around Rousseau's themes. Marxists stressed that there was a war between disparate economic groups.\nMarxist collectivism was designed to correct this through strong centralization, use of force, and forced redistribution of wealth. \n</p>\n\n<p>\nRight wing socialists agreed with Marxists about the fundamental struggle and inequality between groups, but organized around racial rather than economic\nidentities. The National Socialist party in Germany put forth a program intended to take state control of the economy, redistribute wealth, and create a\nracially pure society. \n</p>\n\n<p>\nIn both cases, collectivism led to centralization in order to bring that collectivism into being. \n</p>\n\n<p>\nToday, the collectivist tradition exists in the form of postmodernism, which is an amalgamation of themes from right wing and left wing\nsocialism. \n</p>\n\n<p>\nPostmodernists see the world according to a modified version of Hobbes' state of nature. Whereas Hobbes claimed the state of nature results in\na \"war of all against all\" on the individual level (necessitating government to keep peace), postmodernists think of the \nidentity group as the building block of society. It is these groups that\nare in a Hobbesian war against each other. They could be based on race, sexual identity, gender identity, language, or even species. \nAny kind of relationship between groups involves some form of exploitation of one by the other, according to postmodern thought.<sup>5</sup>\nAs was the case with postmodernism's socialist predecessors, this emphasis on endless struggle between groups means it is the job of\nsociety to side with the victim against the oppressor,\nand use force if necessary.\n</p>\n\n<p>\nAccordingly, the individual is reduced to being nothing more than a representation of his/her group. This facilitates categorization,\nwhich is necessary in order to assign blame or victim status. \n</p>\n\n<h3>A Decentralized Future?</h3>\n\n<p>\nMany of the reactions to cryptocurrency are more easily understood when seen as a continuation of this divide between individualism and collectivism.\nCryptocurrency restores individual sovereignty over one's own finances by allowing near-instant peer-to-peer transactions anywhere in the globe without reliance on a\nbank's or government's approval or even knowledge. Private and fungible cryptocurrencies such as <a href=\"https://getmonero.org\">Monero</a> are essentially electronic cash, but\nwithout the geographic or political limitations of cash. Eliminating these limitations allows the freest of free markets in human history.\n</p>\n\n<p>\nThe resistance to this vision is most acute from believers in collectivized, centralized control over the economy. Prominent critics\nof cryptocurrency such as Paul Krugman are often ardent supporters of government regulation and social welfare, and argue in favor \nof an active government role in eliminating inequality through the use of regulation and redistribution. Cryptocurrency is a\npractical obstacle to this ambition due to its existence outside the sphere of government control. Philosophically, it is a \nrepudiation of the collectivist ideals that is difficult to answer, especially as its utility increases. \n</p>\n\n<p>\nIt is not easy to know whether the promises of cryptocurrency will be achieved. There is expected resistance from both banks and governments,\nneither of whom is eager to be left out of any transaction. But the debate should be seen in the context of the much deeper and older debate \nbetween individualism and collectivism. It is from this level that much of the pro and anti-crypto sentiment emerges because it provides a public rallying point\nfor believers on both sides. \n</p>",
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      "body": "Great information. Loved your article. Can you please follow me too?",
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