Blockchain and the state: Ve­hi­cle or vice?

AQ: Australian Quarterly - - REFERENCES - ZAC ROGERS

As ul­tra­mod­ern as they may seem, cryp­tocur­ren­cies and their un­der­ly­ing blockchain tech­nol­ogy, rep­re­sent the in­ter­twined evo­lu­tion of two pro­saic yet fun­da­men­tal pil­lars of civil­i­sa­tion: money and ac­count­ing. From the ear­li­est is­suance of barter to­kens, to coins of pre­cious metal, pa­per notes, then dig­i­tal strings of ones and ze­ros, one fea­ture of these two pil­lars has been ubiq­ui­tous and con­stant: cen­tral­i­sa­tion. The blockchain threat­ens this cen­tralised con­trol, yet is this an op­por­tu­nity or a risk for the cen­tralised power of our gov­ern­ments?

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