This week, Bursts was joined by Pat Boyle, a collective member at Unicorn Riot (more about them later in this post), radical independent media project. We chatted about crypto-currency, Bitcoin in particular, technologies and strategies involved in the implementation of crypto-currency, recent comings to light of increased wealth coming via Bitcoin into the hands of far right racists and ecological impacts of crypto-mining.
In 2009 the cryptocurrency Bitcoin was released to the public as open-source software. It was the first decentralized digital currency that works without a central repository or single administrator. The network is peer-to-peer and transactions between users take place through the use of cryptography, without an intermediary. Over the past few weeks Bitcoin and many other cryptocurrencies have seen increased public interest, with one Bitcoin currently worth $11,531USD as of this writing (6:10 pm, EST).