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Olt Wiv

 1. Technology platform. Indeed, the cryptovolves are strong.

differ from money in the modern sense, above all, the mechanism

to ensure trust. In traditional national monetary systems, for this.

is in line with existing legislation that is somehow under the control of the ruling party

authority centralized emission and force of state coercion. Blockchain as

technology allows you to create trust in the original "trustless"

to the environment by executing strictly the algorithm embedded in the system. Described above.

advantages - safety, permanence, openness and pseudonymity -

allow strangers to exchange crypt currencies without fear, and also

significantly reduce the cost of securing public consensus. This is .

legitimized the use of cryptovoltaic (namely Bitcoin) in early

stage of evolution in the absence of state legalization of their turnover.

We can draw an analogy with the stones of paradise - large limestone.

discs mined in some Micronesia islands (Palau, Guam) and

that have been used as a means of payment13. They, by virtue of their special

properties and difficulties in mining and manufacturing excluded the possibility of forgery,

Circulated only through public consensus and even had

transfer records on themselves, confirming the transition from one owner to another.

The absence of a central authority to regulate the emission of paradise complements this.

an exotic metaphor.



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2. Distrust of existing financial institutions. Originally .

Bitcoin emerged on a wave of frustration with modern capitalism after the world's...

of the 2008 financial crisis and spread as a viral idea in an environment

of programmers and other DJs. The first significant rise in price

Bitcoin coincided with the 2012-2013 banking crisis in Cyprus, and in

further growth of their exchange value more than once coincided with the financial ones

by shocks14. This is consistent with the original intent of the creators of Bitcoin:

to make not just a new currency, but an alternative to all existing currencies.

to the monetary system. 


The French postmodern philosopher Jean-Francois Liotard characterized

Such situations of loss of trust as a "methanarratives crisis "15. According to him.

understanding, micronarratives, not being directly related to the power

mechanisms, ensure the integrity of everyday life experience at the level of

of individuals and social cells, and methanarratives provide

legitimization of some existing order as a whole and central

of public institutions in particular. Liotar pointed to the crisis of such

methanarratives as the emancipation of the worker and the growth of public wealth in

the result of the ever-increasing property division between hired employees

by employees and owners of capital. Crisis of dominant methanarratives

leads to the possibility of new competing narratives (or more).

wide distribution of already existing micro- and mesonarratives) with their

...and then entrenched in public consciousness. In this case, we come to

to interpret cryptology as the next stage of money's evolution or as an alternative

the "narrative" of exchange and the world economy as a whole.



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