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Money Code SpaceHidden Power in Bitcoin, Blockchain, and Decentralisation$
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Jack Parkin

Print publication date: 2020

Print ISBN-13: 9780197515075

Published to Oxford Scholarship Online: October 2020

DOI: 10.1093/oso/9780197515075.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use.date: 02 July 2022

Grounding Cryptocurrencies

Grounding Cryptocurrencies

Chapter:
(p.119) 6 Grounding Cryptocurrencies
Source:
Money Code Space
Author(s):

Jack Parkin

Publisher:
Oxford University Press
DOI:10.1093/oso/9780197515075.003.0007

Chapter 6 documents a more specific and exploratory follow the thing research technique to uncover the digital-material architecture of Bitcoin. Treating the Bitcoin code as both a text and material, a single bitcoin is followed through the decentralised protocol “from” Australia “to” the United States. By tracing the spatial relationships between miscellaneous paraphernalia that facilitate the transaction, from proprietary software to Bitcoin mining rigs, the chapter navigates the material culture of the Bitcoin blockchain. This involves opening up source code for inspection to uncover the functional performativity of the network. The spatial lens used reveals several material infrastructures such as undersea cables, data centres, pools of Bitcoin mines, active nodes, and third-party wallet software, that assemble to form operational modes of centralisation.

Keywords:   material culture, digital geographies, crypto/space, Bitcoin blockchain, Bitcoin wallets, black box, protocol, Bitcoin mining, cryptography, space-time

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