“Everything is politics,” the German novelist Thomas Mann once said. That observation remains true even when complex technologies and mathematical formulas govern financial transactions online. In an insightful editorial, social scientist Simon DeDeo uses the example of the blockchain to illustrate that humankind hasn’t moved beyond the basic norms of social interaction that enabled human communities to thrive for millennia. Readers who fancy looking at the bitcoin debate in a broader context should find DeDeo’s take intriguing.
In this summary, you will learn
- How “common knowledge” drives currency trading on the blockchain and
- How disagreements among bitcoin users could bring down the system.
About the Author
Simon DeDeo is an assistant professor in social and decision sciences at Carnegie Mellon University and external professor at the Santa Fe Institute.