Money universalized the power of wealth, endowed it with the freedom to extend itself beyond the organizational capacity of soi disant divine monarchies and pious religious latifundia. For better of worse, it drove the ascendancy of the human species to total dominance over all creation. The principle of liquidity which money embodied was a revelation that even Saul of Tarsus would have found transformational, had he not been paying more attention to the delusions of religious fervor than the reality under his donkey’s hooves. Money was a store of value that was easily transferable, infinitely divisible, that permitted superb transactional granularity—a reliable accounting of who had what, and even more importantly, who owed what to whom—this was really what gave rise to the anthropocene.
In the beginning, money was gold and promises, then it was paper and promises. Now it’s capital accounting, which is to say electrons and promises. The bitcoin boo-yah boys understand everything about electrons, but nothing about promises, or the need to keep them if you want the world of human beings to remain stable.
God, or somebody, help us all.
