Imagineering a new way of governing: the blockchain and res publica

Abstract

Blockchain technologies loom large among the controversial topics of public debate. Like any technology, blockchain offers various ways to imagine alternative models of politics and society. Arguably, the most common interpretation treats it as the technology for techno-anarchism and a tool for total decentralization. This paper focuses on an overlooked genealogy of the politics of the blockchain – the classic republican theory. We consider whether republican practices could shed light on certain aspects of blockchain communities and understand their governance better. Our paper offers a historical analysis of governance visions inscribed in Bitcoin and Ethereum, arguably the most influential applications.