From cypherpunk to state contracts: the changing face of blockchain

Cointelegraph

Published May 12, 2021 06:04AM ET

Updated May 12, 2021 07:40AM ET

Blockchain continues to occupy an unusual space in the contemporary tech sphere, with concepts such as “decentralization,” “transparency” and “immutability” continuing to slide between a purely technical meaning and a more overtly politicized one.

Certain blockchain advocates — at least, those still steeped in the libertarian ethos that survives the technology's roots in the cypherpunk movement — continue to question the technology's implementation for projects like government defense contracts, as well as its wider absorption into the traditional financial banking systems it was originally designed to circumvent.

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