Bitcoin:censorship-resistant currency and domain name systemto the people
Duˇsan BarokNetworked MediaPiet Zwart InstituteRotterdam, The NetherlandsJuly 20, 2011
Bitcoin, the ﬁrst decentralised currency was launched in 2009. Adopters use freesoftware distributed in peer-to-peer computer network. The infrastructure providesa unique framework which allows pseudonymous users to make ﬁnancial transactionsstored transparently in the public record. User accounts and transactions cannot becontrolled by the third party since the network does not depend upon any money issu-ing and processing central authority. The convergence of anonymity, transparency anddecentralisation has long attracted technological libertarians criticising state interven-tionism and censorship. Bitcoin created a stir among activists pursuing cryptographyin service of empowering civil liberties. It was adopted as a censorship-resistant do-nation system by organisations including Electronic Frontier Foundation, Freenet, andWikiLeaks. The paper explores the chain of events leading to this situation and ex-amines the libertarian assumptions behind emancipatory promise of the new technology.
Bitcoin, Namecoin, Electronic Frontier Foundation, WikiLeaks, cypher-punks, free software, cryptography, censorship, free speech, anonymity, pseudonymity,transparency, decentralisation, peer-to-peer, economy, domain name system