One simple metric for judging #Bitcoin, is has it actually replaced or seriously disrupted the banking system? The answer is obviously no. The same financial institutions still dominate global economics. The same scams continue. The same offshore tax havens still hide elitist wealth. Politicians and oligarchs continue stuffing money into secrecy jurisdictions exactly as before. The banking system remains firmly in place, untouched at its core.
Bitcoin promised disintermediation, it promised liberation from financial power, it promised decentralisation. What it delivered instead was a speculative asset bubble.
Another useful metric is, do ordinary people use Bitcoin for everyday life? Again, no. No people buy food, pay rent, organise community infrastructure, or sustain local economies through Bitcoin. Almost nobody accepts it for normal goods and services. What dominates instead is speculation, hoarding, market gambling, and endless “number go up” culture.
This is important because technologies reveal their social meaning through actual use, not ideological promises.
And then there is the ecological cost. Bitcoin’s energy consumption exceeds that of entire countries, it consumes more electricity than the Netherlands. This is an extraordinary level of waste for a system that has failed to achieve all of its original social goals.
At a time of accelerating #climatechaos, building gigantic energy-hungry computational systems dedicated to financial speculation is not innovation, it is social and ecological vandalism.
Bitcoin is not a “net positive for humanity.” It did not dismantle banking power. It did not democratise wealth. It did not create meaningful commons infrastructure. It did not produce resilient local economies. What it did do was make already-rich people richer while burning staggering amounts of energy.
The winners were early adopters, speculators, venture capital, crypto exchanges, and existing elitists with enough surplus wealth to gamble. The losers are everybody forced to live inside the accelerating ecological and social consequences.
Bitcoin is a classic expression of the #geekproblem. It approaches deeply human and social issues through abstract technical absolutism. Instead of rebuilding trust, community, accountability, and collective institutions, it attempts to replace them with cryptographic mechanisms and computational systems. It is the worship of mechanism over humanity.
The #encryptionist mindset imagines that social trust can be replaced by mathematical trust. That code can replace culture. That computation can replace politics and markets can replace community. But humans do not actually live this way, human life runs on trust, care, reciprocity, relationships, mutual aid, shared stories, and collective responsibility.
The real currency of life is not cryptographic tokens, it is the smile, the helping hand, the shared meal and the neighbour who shows up when things fall apart.
Making machines into gods is profoundly inhuman. And the last 40 years of neoliberal money worship have pushed this pathology by reducing value into market value, relationships into transactions, and all meaning into competition and accumulation. This is the #deathcult logic, that in the era of ecological breakdown, this path is becoming openly suicidal.
The answer to this mess is not better speculation technology. We do not need more #techshit built to accelerate extraction, surveillance, financialisation, and social fragmentation. We need technologies designed to grow commons, this is where projects like #OMN matter. The #OMN path starts from a different assumption that technology should support human relationships, not replace them.
Instead of building systems around profit extraction and artificial scarcity, we can build systems around shared infrastructure, open process, collective publishing, federated trust networks, mutual aid, community governance, and resilient local organisation.
The point is not technological purity, the point is social usefulness as healthy technology should be about lowering barriers, strengthen communities, distribute power, encourage participation, and help people organise collectively. On this path the #4opens matter because they expose power instead of hiding it – open data – open source – open standards – open process. This visibility allows communities to compost problems before they become entrenched systems of control.
The opposite path – the dominant #dotcons and crypto worlds – increasingly hides power behind complexity, branding, speculation, and artificial technical priesthoods. People become users, consumers, and data points instead of participants.
We need compost, not worship, we need to stop worshipping the systems that are actively destroying the conditions for human life. Compost is a much better metaphor as compost takes waste, failure, and breakdown and turns them back into living systems. That is the #KISS task ahead of us, not denial, not technological salvation myths, not billionaire futurism. Practical rebuilding, shovels matter more than fantasies.
#OMN is a shovel, and compost is the basis of life.
