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0x005 ::: The Indifference Engine

Published onOct 11, 2020
0x005 ::: The Indifference Engine
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0xSalon005 ::: The Indifference Engine

Salons on time, economics, culture and antecedents are planned for summer and autumn ‘21.

As Bitcoin surpasses previous price records and re-enters mainstream consciousness following several wilderness years, the twelve-year-old cryptocurrency appears to have “arrived” in the eyes of the market. The value proposition of an ungoverned, uncensorable digital means of value transfer is clear for all to see…but can humanity and Earth afford the thermodynamic price tag?

To maintain the integrity of the transaction record, the Bitcoin network creates a hard boundary to the outside through exacting validation requirements. However it does not possess any feedback mechanism or capacity to respond to the consequences of the thermoeconomic challenges it issues. This insensitivity of ‘mined’ cryptocurrencies to the energy sources used to secure them has led to criticism as to their inability to mitigate their ecological externalities.

0x005 Preview ::: The Indifference Engine @ RC3 Placemaking Solarpunk

0x005 Supporting Materials

Complete topic research materials on are.na

Recommended materials:
Mining Glossary Definition
Economic & Social Risks to Bitcoin (video)
Poetic Critiques: Cryptographic Necroprimitivism & The Indifference Engine
Anti-Computer
Death Processors
Bitcoin Is Worse Is Better
Bitcoin: A New Form of Life?

0x005 Theme Music

Astrobotnia - The Message
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