Farmer, miner, builder, trader : re-humanizing the distributed infrastructures of Bitcoin

The concept of bitcoin is powerful and charming. Social scientist gurus, transnational corporations' CEOs, and mass media journalists all emphasize that cryptocurrency will lead humanity to a future of increasing extraordinary financial and spatial decentralization. However, although bitcoin has been around for 10 years, existing bitcoin geopolitics have not been significantly addressed. If we try to thoroughly understand bitcoin, it is crucial to ask the following questions: What are bitcoin's dynamic urban landscapes and what ramifications have they brought to us? What will the future of bitcoin's technology offer to us? In this thesis, I challenge the common imagination that cryptocurrency contributes to the creation of public goods by conducting the investigation through four aspects that fall under the umbrella of bitcoin geopolitics, including: algorithm modeling, computational accelerating, global positioning, and human scaling. I argue that bitcoinization is not a process that "literally codes the world we wish to see." It is not a decentralized system; rather, it aligns with the existing geopolitical power concentrations and reflects current geopolitical relations and competition. The thesis reveals a more dynamic bitcoinization process which remains a fundamentally capitalist urban process from the lens of architecture and urbanism. I conclude by exploring a design question: how do designers envision a dystopia fueled by bitcoin, perhaps combatting it, based on the relationship between ourselves, as humans, and bitcoin technology? With this exploration, I develop a more substantial critique of the potential paradoxes raised by bitcoin technology, in order to raise awareness of the politics of cryptocurrency mining, whose underlying desperation and hysteria are concealed by the rhetoric of liberation and decentralization.

Department dc:contributor.department

Massachusetts Institute of Technology. Department of Architecture

Grantor dc:publisher

Massachusetts Institute of Technology

Year dc:date.issued

2019

Author dc:creator

• Wu, Yue,S.M.Massachusetts Institute of Technology.

Advisor dc:contributor.advisor

• Lauren Jacobi.

• Architecture.

Statement dc:rights

• MIT theses are protected by copyright. They may be viewed, downloaded, or printed from this source but further reproduction or distribution in any format is prohibited without written permission.

Licence dc:rights.uri

• http://dspace.mit.edu/handle/1721.1/7582

Language dc:language.iso

eng

Handle dc:identifier.uri

https://hdl.handle.net/1721.1/123607

OAI identifier oai:identifier

oai:dspace.mit.edu:1721.1/123607