I'm a Libertarian Socialist, but don't really believe in this redistribution of wealth. Giving everybody free money wont make people equal. Some people are just bad at dealing with cash for a start.
I do believe Bitcoins/cryptocurrencies could be part of a revolution, and really can fuck the banksters and corporations over bigtime. How and when is up to the people.
Topic: Cryptocurrency Socialist Revolution? - page 3. (Read 3189 times)
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I was recently wondering if the cryptocurrency concept could be used by socialists to stage a bloodless revolution? Imagine if a program could read and record a user's DNA and then provide them with a digital wallet with a one-off payment of say 1000 'DNAcoins'. The idea would be that everyone in the world would be entitled to a one-off payment of an equal number of coins. This way people would only have to insist on using the new digital currency in order to redistribute much of the world's wealth equally among every human being.
If we imagine that there are about $70 trillion in circulation and there are about 7 billion people it would work out as about $10,000 each. Of course $10,000 would have a very different value in a world where everyone has $10,000 than it has in our world today. Presumably the people with more than $10,000 would refuse to adopt the new currency but would they be a large enough minority to resist the change? I'm well aware that chaos could ensue, but could this economic 'Restart' ever happen? What would likely be the result?
If we imagine that there are about $70 trillion in circulation and there are about 7 billion people it would work out as about $10,000 each. Of course $10,000 would have a very different value in a world where everyone has $10,000 than it has in our world today. Presumably the people with more than $10,000 would refuse to adopt the new currency but would they be a large enough minority to resist the change? I'm well aware that chaos could ensue, but could this economic 'Restart' ever happen? What would likely be the result?
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