The Social Nature Of Cryptocurrencies Or: What Would Marx Say About Bitcoin?

The Social Nature Of Cryptocurrencies Or: What Would Marx Say About Bitcoin?

The Social Nature Of Cryptocurrencies Or: What Would Marx Say About Bitcoin?

This essay aims to dissect the multiple aspects of the cryptocurrencies commodities through the lenses of Karl Marx thought, deriving most of its hypothesis, prognostics and theoretical developments from Capital – A Critique of Political Economy. Eschewing the typical myths versus truth approach, we attempt to mark a stand in the ongoing cryptocurrency revolution through an inherently combative text that is not intended to be unbiased. A phenomenon cannot be sustained by its technological implications only, hence, firm philosophical bases for establishing the cryptocurrency and advocating for its legal and moral aspect are as important as refining the inner workings of the cryptography itself.

Our aim is to provide interested readers with theoretical material to take precautionary action against the vicissitudes of an establishing, young market and to alleviate uncertainty in the whole cryptocommunity — investors, merchants, miners and the like. To the reader interested in contributing to the debate and proposing bold hypotheses, interlocution is encouraged. Keep in mind that this is an ongoing investigation and therefore the contents of this essay might be updated and expanded at any given moment.

Recommended for those readers with a basic understanding of cryptocurrencies.

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