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Abstract Cryptocoins are peer-to-peer monetary assets emitted not by a central authority but by a decentralised network of economy’s participants. Their existing implementations combine the state of the art cryptographic methods with notions of « transparency of coin’s history » and « pseudonymity of usage ». While the market value of Bitcoin -which was the first among the cryptocoins - is very volatile, it nonetheless becomes more and more demanded an asset due to its a priori defined limited amount. Thus, a billion dollar economy has already formed in the cryptosphere, which includes the stock markets, currency exchange offices or a biggest existing online drug market. By this paper we aim to address the questions like « To whom do the structures like Bitcoin ultimately serve ? » and to propose an idea that further growth of cryptocoin economy could induce a sort of Nietzche’s «transvaluation of values». Keywords: Keywords : bitcoin, cryptography, pseudonymity, transparency of history, hoarding, trading addiction, cryptocoin operation generator, peer-to-peer, planetary AI emergence Content: 1) Hermeneutic reference 2) The myth of Satoshi 3) Transparency but pseudonymity 4) Min(t)ing and trading 5) Algorithmic quasi-deity 6) Clash of the Titans 7) Umwertung aller Werte Presented by DDH at the Annual Congress of International Association of Computing and Philosophy (IACAP) in July 2013 @ University of Maryland University College (UMUC) backup: http://wizzion.com/papers/2013/cryptocoin-avarice.pdf download here: Myth, machinery and cryptocoin avarice |