Socialism and the Blockchain
AbstractBitcoin (BTC) is often cited as Libertarian. However, the technology underpinning Bitcoin, blockchain, has properties that make it ideally suited to Socialist paradigms. Current literature supports the Libertarian viewpoint by focusing on the ability of Bitcoin to bypass central authority and provide anonymity; rarely is there an examination of blockchain technology’s capacity for decentralised transparency and auditability in support of a Socialist model. This paper conducts a review of the blockchain, Libertarianism, and Socialist philosophies. It then explores Socialist models of public ownership and looks at the unique cooperative properties of blockchain that make the technology ideal for supporting Socialist societies. In summary, this paper argues that blockchain technologies are not just a Libertarian tool, they also enhance Socialist forms of governance. View Full-Text
Scifeed alert for new publicationsNever miss any articles matching your research from any publisher
- Get alerts for new papers matching your research
- Find out the new papers from selected authors
- Updated daily for 49'000+ journals and 6000+ publishers
- Define your Scifeed now
Huckle, S.; White, M. Socialism and the Blockchain. Future Internet 2016, 8, 49.
Huckle S, White M. Socialism and the Blockchain. Future Internet. 2016; 8(4):49.Chicago/Turabian Style
Huckle, Steve; White, Martin. 2016. "Socialism and the Blockchain." Future Internet 8, no. 4: 49.
Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.