Bitcoin

Once Bit(coined), No longer cryptocurrency shy

Hi everyone,

My final project about Bitcoin was created on Shorthand Social and can be accessed via the link below:

https://social.shorthand.com/GivernyW/32S3Mp7iK6/once-bitcoined-no-longer-cryptocurrency-shyhttps://social.shorthand.com/GivernyW/32S3Mp7iK6/once-bitcoined-no-longer-cryptocurrency-shy

I hope you find it interesting and insightful!

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An introduction to my individual project investigating Bitcoin in China

Hi everyone!

My digital artifact is a Prezi which provides an overview and introduction to my individual research project investigating the Bitcoin phenomenon in China.

You can check it out here:

https://prezi.com/gvzhhgpzuoze/digc330-assessment-2-an-introduction-to-my-project-investigating-bitcoin-in-china/

Unpacking Bitcoin: An autoethnographic analysis of the emergence of Bitcoin in China

In my previous blog post, I proposed investigating the current state of Bitcoin in China for my individual research project and recorded my initial thoughts, perceptions and reactions to Motherboard’s documentary Life Inside a Secret Chinese Bitcoin Mine (2015). The purpose of this post is to reflect upon, analyse and interpret this experience within its broader sociocultural context using an autoethnographic research approach.

Chang (2008, p.43) observes that autoethnography can be distinguished from other genres of self-narrative such as memoir and autobiography by the way it “transcends mere narration of self to engage in cultural analysis and interpretation”. In other words, autoethnography is not about focusing on self alone, but about searching for understanding of others (culture/society) through self (Chang 2008, p.43).

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Hall (1973, p.30, cited in Chang 2008, p.34) argues that “the real job” of studying another culture is “not to understand foreign culture but to understand our own…to…

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The Getting of Culture: A proposal for a non-linear exploration of the emergence of Bitcoin in China

My individual research project will explore the Bitcoin phenomenon in China. Introduced in 2009, Bitcoin is a peer-to-peer electronic payment system that bitcoin-mining-imageharnesses decentralised networking technologies to enable payments without the need for a central authorising agency (Bitcoin Group 2015, p.26). Bitcoin is often referred to as a form of cryptocurrency or virtual currency because it exists purely in an electronic form (Bitcoin Group 2015, p.26). Bitcoin is “mined” by supercomputers which solve difficult mathematical formulas to generate the currency (Murray 2016). As of 30 November 2015, 14.9 million Bitcoins had been mined (Bitcoin Group 2015, p.26).

In recent years, China has become a market for Bitcoin unlike anything in the West, fueling huge investments in mining farms as well as enormous speculative trading on Chinese Bitcoin exchanges (Popper 2016). Mines run by Chinese companies account for approximately 70 per cent of the world’s bitcoin processing power and Chinese exchanges…

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