New Books in Science, Technology, and Society cover image

Rhea Myers, "Proof of Work: Blockchain Provocations 2011-2021" (MIT Press, 2023)

New Books in Science, Technology, and Society

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The Disappointment of the Blockchain

Bitcoin is an economic solution to a technical problem in an ideological program the ideological program is the cypherpunk anarcho capitalist technolibertarian program and we are now drowning in buzzwords. In the 90s there was a a group of activist technologist called the cypherpunks who believed strongly in private property which obviously puts them immediately off to the side from communist socialist and anarcho socialists. The privacy part of their program sort of led to you know encrypted communication which is great that's the privacy of your transactions money being speech remains an open problem because whilst i can send you a secret message that you can decode if that secret message is i'm sending you 10 pounds or i'm sending

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