A couple of random thoughts:

There are 26 parts divided by orange dots before the blue dot (1 part is empty though). I thought this might relate to letters of the alphabet, but some parts are the same, so doubtful it's a direct key.

If red and green do represent bits, and each part isn't a set length, it's not clear why you'd start (or end, depending on direction) with a 0 bit in some cases only. Suspect they represent something else, like direction?

I'm assuming the dots run right-to-left, not top-to-bottom...

Could the red/yellow/blue colours relate to the colours in the Darkwallet logo's triangle? [Edit: The red/yellow/green/blue prism spectrum also turns up in the logo for the related Darkmarket project, e.g. http://www.wired.com/wp-content/uploads/2014/04/Screen-Shot-2014-04-22-at-4.45.06-PM.png]