Everything and everyone is being made into a standing reserve in blockchain ledgers

Evidence

The choice to refuse the world as it is presented is not to refuse the world; it is a choice to refuse the terms by which it is presented to us. And when the world is presented to us as the object of an endless and inexhaustible pricing scheme, when everything and everyone is made over into a standing reserve in the blockchain ledgers, we are right to refuse. In doing so, we contest an instrumentalized vision of human being and assert a more stubborn, complex, and irreducible humanity in its place. — The Friends of Attention, Attensity!, 256

Categorization

• XREF: ‘Standing reserve’ is Heidegger’s Bestand — the same concept used in the Frankfurt book’s analysis of technical cognition. This is an explicit theoretical inheritance. — connects to: Blockchain innovation gets co-opted by the very finance institutions it aimed to replace. — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 689; Crypto functions as a utopian reaction to technofeudalism — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 677
• yield-rescued: below the book’s yield-target cutoff, included anyway for connecting to: Blockchain innovation gets co-opted by the very finance institutions it aimed to replace. — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 689; Crypto functions as a utopian reaction to technofeudalism — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 677