The Sociological Intersections of Bitcoin, the Sharing Economy, and Hacker Culture

Odette Dufour-Gauthier
Odette Dufour-Gauthier
PhD student in cryptography.

Hey, this is an interesting question. At first glance, these three things seem unrelated, but if you dig deeper, you'll find they share the same 'spiritual core.' Let me explain it in simple terms.

Let's start with Hacker Culture, the oldest of the three.

When you hear 'hacker,' you might picture someone in a hoodie, coding in a dark room, attacking computers in movies. But that's a misunderstanding of hacker culture. The true, early hacker culture's core spirit is openness, sharing, anti-authoritarianism, and decentralization.

These tech geniuses couldn't stand large corporations and institutions hoarding technology and information, making it mysterious, and then using this information asymmetry to control users and make money. They believed that good things should be shared, researched, and improved together, leading to better systems. The most classic example is 'open-source software,' like the Android system we're familiar with, whose underlying Linux kernel is open source. Countless programmers worldwide, independent of each other, voluntarily contribute code and collectively maintain it, ultimately creating a system superior to many commercial products.

See? The essence of the hacker spirit is: "Don't trust the 'big shots'; let's do it ourselves and create a more open and egalitarian system."


Alright, with this 'spiritual foundation' in mind, let's look at Bitcoin.

Before Bitcoin, what was money? It was paper printed by the state, numbers in bank accounts. Who was in charge? National central banks and commercial banks. They could decide how much money to print (inflation), freeze your accounts, and set complex transfer rules. All your financial activities had to go through these 'central' institutions; you had to trust them unconditionally.

Bitcoin's creator (the mysterious Satoshi Nakamoto, whom many suspect to be a top hacker or hacker group) thought: Can we also use technology to create money not controlled by any government or bank?

Thus, Bitcoin was born. It is essentially a public ledger, with tens of thousands of computers worldwide collectively maintaining it. Every transaction is publicly recorded on this ledger, and no one can tamper with it. There's no central bank, no CEO; its operation relies solely on a set of open and transparent mathematical algorithms and code.

See? Isn't this the perfect application of the hacker spirit to the financial sector?

  • Anti-authoritarian/Decentralized: It eliminated banks and governments as the 'center.'
  • Open, Shared: The code is open source, and the ledger is public.
  • Do It Yourself: Through 'mining' (which can be understood as contributing computing power for ledger keeping), ordinary people can also participate in the system's operation.

Therefore, Bitcoin is a great social experiment of hacker culture in the financial realm.


Finally, let's talk about the Sharing Economy.

The initial idea behind the sharing economy was actually quite beautiful and very 'hacker-like.' Take Airbnb and Uber when they first emerged, for example.

Before their appearance, if you wanted to travel and stay overnight, you could only find a hotel; if you wanted a ride, you could only hail a taxi. Hotel groups and taxi companies were the 'centers' in these fields, setting prices and extracting profits.

The sharing economy said: There's no need for that! You have a spare room, and someone needs a place to stay; you're driving somewhere, and someone needs a ride in the same direction. Why do we have to go through hotels and taxi companies? Can't we just connect directly?

This 'person-to-person' (P2P) model was an attempt at decentralization. It bypassed traditional commercial centers, allowing every ordinary person to share their idle resources (houses, cars, time) and profit from it. This greatly improved the efficiency of social resource utilization and challenged the monopolistic position of traditional industries.

Of course, later we saw companies like Uber and Airbnb grow into new, massive platform 'centers,' starting to set rules and extract high commissions – but that's another story. However, the sharing economy's original intention of 'bypassing intermediaries and direct peer-to-peer connection' is highly consistent with the spirit of hacker culture and Bitcoin.


To summarize:

From a sociological perspective, these three are linked because they collectively reflect modern society's rebellion against and deconstruction of traditional, centralized power structures.

  • Hacker culture is the ideological source, providing the technical confidence and philosophical foundation of 'we can do it, we'll do it ourselves.'
  • Bitcoin is a radical practice of this ideology in the financial sector, attempting to reclaim control over the most core aspect: 'money.'
  • The sharing economy is a milder application of this ideology in lifestyle and business models, seeking to break down traditional industry barriers and enable more direct connections.

They are all products of technological development, but they are more than just technology. They are essentially a social movement, representing a societal ideal that yearns for greater openness, transparency, equality, and individual control. From the open-source software on your computer to the digital currency in your phone wallet, and even the ride-sharing car you just took, the same 'unwillingness to be dictated to' spirit lies behind them all.