Money code space : hidden power in Bitcoin, blockchain, and decentralisation /

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Bibliographic Details
Author / Creator:Parkin, Jack, author.
Imprint:New York, NY : Oxford University Press, 2020.
Description:1 online resource : illustrations (black and white).
Language:English
Series:Oxford studies in digital politics
Oxford scholarship online
Oxford studies in digital politics.
Oxford scholarship online.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12686919
Hidden Bibliographic Details
ISBN:9780197515112 (ebook) : No price
Notes:Also issued in print: 2020.
Includes bibliographical references and index.
Description based on online resource; title from home page (viewed on September 15, 2020).
Summary:Following the catastrophic events of the 2008 global financial crisis, an anonymous hacker released Bitcoin to claw back power from commercial and central banks. Its underlying architecture, blockchain, is now championed for delivering a decentralised global economy - a world free from hierarchy and control. This text shatters these emancipatory claims by revealing acute geographies of power that lie behind blockchain networks. Drawing on first-hand experience in cryptocurrency communities and start-up companies from Silicon Valley to London, Jack Parkin untangles the complex web of culture, politics, and economics that truly drive decentralisation.
Target Audience:Specialized.
Other form:Print version : 9780197515075
Review by Choice Review

Parkin (Western Sydney Univ.) provides in-depth discussion of blockchain technologies, applications, and political/social issues. True, blockchain is a relatively new technology that transforms existing technologies supporting our current economic and political models. It is hard to think of any technology more impactful than distributed ledgers, protected by complex mathematics. Parkin does a fabulous job presenting the multipart aspect of the technology, including its components interacting with aspects of economic structures. Some elements of blockchain are not straightforward, and are still evolving by design. This is a central theme in many chapters of the book. Unsurprisingly, cryptocurrencies--which may be the most crucial products supported by blockchain--receive much attention. The reader will also find a significant historical, legal, and social context around the dynamics of blockchain's distributed protocols. The impact of blockchain on business, finance, or politics cannot be overestimated. One of the most critical aspects of this book, not discussed in many other resources, is its discussion of the actual software that constitutes a blockchain's backbone. Parkin shows how the code is maintained and updated for an online repository. Generally, among the many books on bitcoin, this is one of the most valuable, in that it reveals the opportunities and dangers of a technology that is indeed here to stay. Summing Up: Highly recommended. All readers. --Jack Brzezinski, McHenry County College

Copyright American Library Association, used with permission.
Review by Choice Review