Bit by Bit: How Peer-to-Peer Technology Is Freeing the World By Jeffrey A. Tucker

Description

Bit by Bit: How Peer-to-Peer Technology Is Freeing the World argues that today’s emergent technology is about more than new and cool toys. Jeffrey Tucker, CLO of Liberty.me, argues that peer-to-peer technology is forging a new and brighter social, economic, and political order.

People tend to look at innovations in isolation. Here is my new e-reader. Here is an app I like. Here is my new mobile device and computer. Even bitcoin is routinely analyzed and explained in terms of its properties as an alternative to national currencies, as if there were no more than that at stake.

But actually there is a historical trajectory at work here, one that we can trace through its logic, implementation, and spread. Peer-to-peer technology stems from the same logic that led from the dial phone at the county store, operated by people pulling and plugging in wires, to the wireless smartphone in your pocket that contains the whole store of human knowledge. It’s all about technology in the service of individuation.

Once you understand the driving ethos — voluntarism, creativity, networks, individual initiative — you can see the outlines of a new social structure emerging within our time, an order that defies a century of top-down planning and nation-state restrictionism.

It is coming about not because of political reform. It is not any one person’s creation. It is not happening because a group of elite intellectuals advocated it. The new world is emerging organically, and messily, from the ground up, as an extension of unrelenting creativity and experimentation. In the end, it is emerging out of an anarchist order that no one in particular controls and no one in particular can fully understand – and that’s all possible because of peer-to-peer technology.

The building of universal prosperity is a process that unfolds bit by bit through decentralized decision making and improvements at the margin through trial-and-error. To continue this process, we need understanding, patience, and dreams. Jeffrey Tucker’s book is an excellent guide to all three.

~ Patrick Byrne, CEO of Overstock.com, from the introduction.


Those of us in the bitcoin world know about Jeffrey Tucker. He’s an entrepreneur, economist and an entertaining speaker to boot. What I didn’t realize before reading this book is that he’s a good author as well. His new book, Bit by Bit: How P2P Is Freeing the World, makes the case for how peer-to-peer technology will change the world.


Tucker explains bitcoin and blockchain technology better than anyone I’ve encountered so far. It is clear he understands both the ideas behind bitcoin and also how cryptocurrencies actually work. He also makes a very convincing case for adopting it, accepting it as payment and getting involved in the world of bitcoin.


Jeffrey Tucker is a fantastic essayist whose work I have admired for nearly a decade. This latest book collects a number of his most excellent pieces over the past few years discussing how technology is enabling more and more liberty in the world. For example, the technological innovation of the Bitcoin system is easily one of the most exciting developments for freedom in the past few decades, and Mr. Tucker explains why in a concise yet erudite manner.

~ Amazon Reviews

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Discussions

  •  Jonathan Garneau

    Bitcoin p2p lending experience?

    I was wondering if anyone had any experience with p2p lending with bitcoins? I can see there seems to be a bunch of cryptocurrency p2p lending sites. Does anybody have any experience with them? I’ve already mined some bitcoins and was thinking it might be interesting to capture a yield on them. Alternatively, I was thinking if the p2p bitcoin is crap and it’s too risky not to get paid back, to take the other side of the trade: borrow (maybe to buy some more mining equipment) and then default on the loan…

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  •  Michael Nauman

    P2P statists?

    How are so many that are advocate so powerfully for internet freedom, and P2P systems. But when it comes down to other aspects are very state (progressive) driven ideologically. Mostly along the taxation, welfare systems, state dominion over property rights beyond digital and austerity measures. I am not devoid from abandonment of the state entirely either (trying hard too) but it seems that some articles of information outside of liberty.me circles are very bipolar on the points. I personally have concerns how certain powers given to government would be better all around as private. I don’t have that much faith in human condition yet. Back on point. They want decentralized p2p systems yet also want a very punitive and welfare modeled state body also. Aren’t these two ideas directly opposed at a root level? They want no government in the matrix but want a very large progressive government in physical expression. As I have tried to learn more and more of the power of P2P, bitcoin, 3D printing, tor etc it makes me see that we are actually encumbered by the simplest expressions of the state in real life. Has state based indoctrination been so well done it is stronger than the anarchist ideas around technologies.  

    Jump to Discussion Post 1 reply