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Blockchain Democracy


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Table of Contents

Introduction; Part I. The Blockchain: 1. The origins of the blockchain; 2. The technology of the blockchain; 3. Blockchain in the world; Part II. Weak Links: 4. Crypto-criminals; 5. The energy hunt; 6. The penumbra problem; Part III. The Future of Decentralization: 7. How to govern technology; 8. Technology and the rule of the crowd; 9. Conclusion.

Promotional Information

Exploring blockchain and bitcoin, Magnuson shows how the technology rife with crime and speculation also offers innovation and hope.

About the Author

William Magnuson is an associate professor at Texas A & M Law School. He teaches and writes about corporations, technology, and finance. Prior to joining Texas A & M, he taught law at Harvard University, Massachusetts, worked as an associate at Sullivan and Cromwell in New York, and served as a journalist in the Rome bureau of the Washington Post.


'Blockchain Democracy achieves what so many other entries in the dialogue around blockchain have not: a balanced and approachable account of the technology, politics, and ideologies of cryptocurrency from its inception to the peaks and valleys of today's hype cycle.' Jonathan Zittrain, George Bemis Professor of International Law and Professor of Computer Science, Harvard University, Massachusetts
'Blockchain Democracy is a thoughtful and valuable book. It describes the many ways that blockchain technology is being used around the world not only by an assortment of eccentric and entertaining characters but also by far more conventional banks, companies and governments. Magnuson maneuvers skillfully between devotees and naysayers, laying out the advantages and disadvantages of distributed systems that encode democracy but cannot escape its discontents.' Anne-Marie Slaughter, CEO, New America
'Investigating the most transformative technology of recent times, this fascinating book dives deep into the origins of blockchain, the technology behind cryptocurrencies like bitcoin. Magnuson (Texas A&M Univ. School of Law) has compiled an enormous amount of research on the subject and put together a compelling case about the fundamental aspects of blockchain applications' J. Brzezinski, Choice

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