Blockchain Radicals

How Capitalism Ruined Crypto and How to Fix It

Joshua Dávila

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English

Repeater Books
12 September 2023

Political science & theory; Political economy; Distributed databases

Blockchain Radicals uncovers the radical political potential of the blockchain, showing how it can be used by the left in the fight against capitalism.

Over the last decade, blockchains and crypto have opened up a new terrain for political action. It is not surprising, however, that the crypto space has also become overrun by unscrupulous marketing, theft and scams. The problem is real, but it isn't a new one. Capitalism has ruined crypto, but that shouldn't be the end of it.

Blockchain Radicals shows us how this has happened, and how to fix crypto in a way that is understandable for those who have never owned a cryptocurrency as well as those who are building their own decentralised applications. Covering everything from how Bitcoin saved WikiLeaks to decentralised finance, worker cooperatives, the environmental impact of Bitcoin and NFTs, and the crypto commons, it shows how these new tools can be used to challenge capitalism and build a better world for all of us.

While crypto is often thought of as being synonymous with unbridled capitalism, Blockchain Radicals shows instead how the technology can and has been used for more radical purposes, beyond individual profit and towards collective autonomy.

By: Joshua Dávila
Imprint: Repeater Books
Country of Publication: United Kingdom
Edition: New edition
Dimensions: Height: 216mm, Width: 135mm,
Weight: 369g
ISBN: 9781914420856
ISBN 10: 1914420853
Pages: 344
Publication Date: 12 September 2023
Audience: General/trade , ELT Advanced
Format: Paperback
Publisher's Status: Active

Joshua Davila has been working in the blockchain space for the past five years in Europe and has been anonymously moonlighting as the one behind The Blockchain Socialist blog and podcast. He is also the co-director of the upcoming documentary Crypto Futures which explores the alternative economic imaginaries of the crypto ecosystem that the mainstream media doesn't cover.

Reviews for Blockchain Radicals: How Capitalism Ruined Crypto and How to Fix It

The guide to crypto for people who care about justice more than tech. Davila does not treat blockchains as salvation or abomination, as most commentators have. Rather, he shows it is an opportunity, and a set of choices-a chance to build a radically freer world or a virtual enclosure. Here is a crypto-compass crypto for anti-dystopians. Taking the capitalism out of anarcho-capitalist technology in order to claim it for the left is no mean feat but Blockchain Radicals does this and more. A must-read for anyone hoping to extend their theoretical and practical reach in the era of hyper-financialization. A fascinating, provocative, and illuminating view on blockchains that makes a strong case for taking them seriously as a possible tool of liberation. Stripped of ideological presuppositions, blockchain technologies offer both a spectacular technical exploration of value itself and some of the concrete tools we need to build a new world in the face of the looming capitalist crisis. If he was alive today, I am certain Marx himself would be eagerly reading this book.