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From money to culture: The practical indeterminacy of Bitcoin's values and temporalities
Economic Anthropology ( IF 1.236 ) Pub Date : 2022-08-16 , DOI: 10.1002/sea2.12257
Yura Yokoyama 1
Affiliation  

Bitcoin, regarded as a decentralized currency of the future as well as a digital gold, faces various challenges, such as scalability, the geographical concentration of mining, its politically informed design and history, its high market volatility, and inequalities in the proportion of accumulation. However, the number of Bitcoin owners has risen exponentially, and relevant socioeconomic and political groups have become increasingly diverse. Consequently, this article argues that what has contributed to the global diffusion of Bitcoin and its embeddedness in different human societies is its practical indeterminacy. Practical indeterminacy characterizes the fundamentally undefinable, indeterminate nature of Bitcoin's value, as it can change its form depending on who it encounters. In terms of temporality, practically indeterminate Bitcoin can urge potential owners and users to compare their pasts and futures, thus driving them to perceive, own, and use Bitcoin for their own purposes. By paying attention to the agency of Bitcoin, practical indeterminacy explains how individuals form their own relations with Bitcoin and how these relations lead to Bitcoin's further sociocultural embeddedness. The proliferation of such a wide range of human–Bitcoin relations shows that Bitcoin is not only monetary but also cultural, as it offers different meanings to users and owners.

中文翻译:

从货币到文化:比特币价值和时间性的实际不确定性

比特币,被视为未来的去中心化货币和数字黄金,面临着各种挑战,例如可扩展性、采矿的地理集中度、其政治知情的设计和历史、高市场波动性以及增持比例的不平等. 然而,比特币拥有者的数量呈指数增长,相关的社会经济和政治团体也变得越来越多样化。因此,本文认为,导致比特币在全球传播及其嵌入不同人类社会的原因是其实际的不确定性。实际不确定性表征了比特币价值从根本上无法定义、不确定的性质,因为它可以根据遇到的人改变其形式。从时间上来说,实际上不确定的比特币可以促使潜在的所有者和用户比较他们的过去和未来,从而促使他们为了自己的目的感知、拥有和使用比特币。通过关注比特币的作用,实际不确定性解释了个人如何与比特币形成自己的关系,以及这些关系如何导致比特币进一步融入社会文化。如此广泛的人与比特币关系的扩散表明,比特币不仅是货币,也是文化,因为它为用户和所有者提供了不同的含义。实际不确定性解释了个人如何与比特币形成自己的关系,以及这些关系如何导致比特币进一步融入社会文化。如此广泛的人与比特币关系的扩散表明,比特币不仅是货币,也是文化,因为它为用户和所有者提供了不同的含义。实际不确定性解释了个人如何与比特币形成自己的关系,以及这些关系如何导致比特币进一步融入社会文化。如此广泛的人与比特币关系的扩散表明,比特币不仅是货币,也是文化,因为它为用户和所有者提供了不同的含义。
更新日期:2022-08-16
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