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THE PHILOSOPHY AND
ETHICS BEHIND
BLOCKCHAIN
Chhay Lin Lim
FinTech & Blockchain lecturer/researcher
Saxion Blockchain lectoraat
OVERVIEW
1. Why philosophy matters
2. What is Crypto-Anarchist and Cypherpunk
philosophy?
3. What is the essence of the Bitcoin
Blockchain?
4. What types of applications next?
2
1.
Why Philosophy
Matters
If we want to understand the practical and
social implications of Blockchain, we
cannot dismiss the philosophy that has
given birth to it.
2.
What is Crypto-Anarchism
and Cypherpunk?
Philosophy that seeks the protection of
▰ Privacy
▰ Political freedom
▰ Economic freedom
Through the use of cryptography.
3d7e75aa0b4e0e1d4a7ac87e451e6469
2cced46f4358ef35a69d96721341243c
“Crypto-Anarchy is the cyberspatial realization of
[libertarian anarchism]… For libertarians, strong
crypto provides the means by which
government will be avoided.
- Timothy May (1994)
5
“Our civilization has reached a crossroads. In one
direction lies a future promoting “privacy for the
weak and transparency for the powerful”…
Cypherpunks advocate for the use of
cryptography and similar methods as ways to
achieve societal and political change.
- Julian Assange (2012)
6
Crypto-Anarchists/Cypherpunks
Transparency: transparency of governments
Voluntaryism: voluntaryist social and
economic interactions
Privacy: right to privacy for everyone
Propertarian: strict property rights
Free markets: no government monopoly
Decentralization: decentralization of power.
Social order happens from bottom-up
7
3.
What is the essence
of Bitcoin Blockchain?
Crypto-Anarchists/Cypherpunks
Transparency: transparency of governments
Voluntaryism: voluntaryist social and
economic interactions
Privacy: right to privacy for everyone
Propertarian: strict property rights
Free markets: no government monopoly
Decentralization: decentralization of power.
Social order happens from bottom-up
9
Bitcoin Blockchain
Transparency: open source and transparent.
Everyone can look into source code.
Voluntaryism: free to join and leave the
network. You are not coerced in using Bitcoin.
Privacy: anyone can create a Bitcoin wallet
without having to provide private information.
Addresses are pseudonymous.
Propertarian: no one can take away your
Bitcoin from you.
Free markets: competition in money
production.
Decentralization: distributed over network of
computers. The network is radically neutral.
4.
What types of
applications next?
Distributed Autonomous Organization (DAO):
▰ Organizations with no single point of decision-making
▰ Open and inclusive
▰ Ruled by machine consensus and not by the whims of
a select group of people
Imagine a…
Facebook without a Facebook company
YouTube without a YouTube company
Investment fund without fund managers
Autonomous cars owned by communities
11

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Philosophy and ethics behind blockchain

  • 1. THE PHILOSOPHY AND ETHICS BEHIND BLOCKCHAIN Chhay Lin Lim FinTech & Blockchain lecturer/researcher Saxion Blockchain lectoraat
  • 2. OVERVIEW 1. Why philosophy matters 2. What is Crypto-Anarchist and Cypherpunk philosophy? 3. What is the essence of the Bitcoin Blockchain? 4. What types of applications next? 2
  • 3. 1. Why Philosophy Matters If we want to understand the practical and social implications of Blockchain, we cannot dismiss the philosophy that has given birth to it.
  • 4. 2. What is Crypto-Anarchism and Cypherpunk? Philosophy that seeks the protection of ▰ Privacy ▰ Political freedom ▰ Economic freedom Through the use of cryptography. 3d7e75aa0b4e0e1d4a7ac87e451e6469 2cced46f4358ef35a69d96721341243c
  • 5. “Crypto-Anarchy is the cyberspatial realization of [libertarian anarchism]… For libertarians, strong crypto provides the means by which government will be avoided. - Timothy May (1994) 5
  • 6. “Our civilization has reached a crossroads. In one direction lies a future promoting “privacy for the weak and transparency for the powerful”… Cypherpunks advocate for the use of cryptography and similar methods as ways to achieve societal and political change. - Julian Assange (2012) 6
  • 7. Crypto-Anarchists/Cypherpunks Transparency: transparency of governments Voluntaryism: voluntaryist social and economic interactions Privacy: right to privacy for everyone Propertarian: strict property rights Free markets: no government monopoly Decentralization: decentralization of power. Social order happens from bottom-up 7
  • 8. 3. What is the essence of Bitcoin Blockchain?
  • 9. Crypto-Anarchists/Cypherpunks Transparency: transparency of governments Voluntaryism: voluntaryist social and economic interactions Privacy: right to privacy for everyone Propertarian: strict property rights Free markets: no government monopoly Decentralization: decentralization of power. Social order happens from bottom-up 9 Bitcoin Blockchain Transparency: open source and transparent. Everyone can look into source code. Voluntaryism: free to join and leave the network. You are not coerced in using Bitcoin. Privacy: anyone can create a Bitcoin wallet without having to provide private information. Addresses are pseudonymous. Propertarian: no one can take away your Bitcoin from you. Free markets: competition in money production. Decentralization: distributed over network of computers. The network is radically neutral.
  • 10. 4. What types of applications next? Distributed Autonomous Organization (DAO): ▰ Organizations with no single point of decision-making ▰ Open and inclusive ▰ Ruled by machine consensus and not by the whims of a select group of people
  • 11. Imagine a… Facebook without a Facebook company YouTube without a YouTube company Investment fund without fund managers Autonomous cars owned by communities 11