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Secret life of the bitcoin blockchain
Skye Elijah
Global solidarity economy or a decentralized den of inequity?
According to evangelists, cryptocurrency's future is heading towards social solidarity. Bitcoin's distributed database protocol is breathlessly described as the solution to all kinds of social and political problems, and an escape from relying on centralized institutions.
It's worth considering, however, whether the overall arc of blockchain innovation bends towards social empowerment, or if this network of interaction is an invisible structure of techno-authoritarianism, disguised in decentralized form. Review of current uses, its trajectory, and the political context of governance issues threatening its future.