“Cloud Money” – Cash, Cards, Crypto & The War For Our Wallets – Brett Scott
A conversation with Brett Scott, an economic anthropologist and former derivatives broker whose book Cloud Money: Cash, Cards, Crypto and the War for Our Wallets argues that big tech and big finance are fusing and squeezing out physical cash. Scott describes an upwards anthropology that studies powerful institutions rather than remote communities, an impulse that took him into over-the-counter swaps and inflation and property derivatives during the financial crisis, work he treated as immersive and gonzo rather than academic. He explains derivatives as large-scale contractual bets and traces his path from the 2013 activist handbook The Heretic’s Guide to Global Finance through years of reporting on alternative currencies. Pinchbeck raises Catherine Austin Fitts and her warnings about centralized digital currency. The exchange ends on physicality and slowness as things worth reclaiming, with cacao beans invoked as a classical Maya currency.