Shared by @CorujaTejedora in FRP-32: Socioeconomic effects of cryptocurrency redistribution in the Costa Rican rural town of Tinamastes.
Statement: Krishnan exposes the possibilities for social resistance to established power in the form of activism, as well as, terrorism, through DAO (Decentralized Autonomous Organizations) and cryptocurrencies. Description: According to Krishnan, DOAs provide non-hierarchical, decentralized platforms to organize a variety of exchanges such as money, information, and goods, as well as archive keeping. The benefits are the incapacity of governments and Nation States to intervene and shut down DOAs that are free from their software. This freedom is used and misused by a variety of different agents in the pursuit of their own agendas. Technological advances question centralized power and economies, but also put in danger the capacity to maintain control of how they are used and therefore, can become dangerous for democratic regimes and human rights discourse.
Comments: Krishnan’s research is well-detailed and capable of explaining the variety of uses of Blockchains in a global and political landscape, he emphasizes on the possibilities BT offers for organized social movements, non-violent and violent. Nonetheless, he does not offer a deconstructed view of the stigmatization of activists as terrorists, his discourse could easily be abused by power structures that may feel confronted by activists around the world.
Evaluations: This research clearly pinpoints cryptocurrencies and blockchains as political technological innovations, it can help us bridge the ideology behind cryptocurrencies and socio-cultural responsibility.
Key Words: Cryptocurrency, Social Movements, Activism, Decentralized power.