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Topic: Is Bitcoin socialist dream come true ? - page 5. (Read 958 times)

full member
Activity: 952
Merit: 175
@cryptocommies
October 07, 2018, 05:50:02 PM
#10
then tell me who controls the means of production for bitcoin.  who "owns" bitcoin?
jr. member
Activity: 46
Merit: 7
October 07, 2018, 05:48:06 PM
#9
What generally makes people think that Bitcoin has a socialist component in it? The means of production do not belong to everyone. Bitcoin as a product is freely traded on the market and bought for fiat money. Bitcoin is absolutely capitalistic. It seems to me that many here have a prejudice about capitalism as an absolute evil, and socialism as a good. Perhaps because of the shortcomings of the modern banking system. But i am not surprised if it turns out that Bitcoin was created by a helicopter Ben and a team of IT specialists from the Federal Reserve for a pragmatic or quasi-pragmatic reasons.
legendary
Activity: 3318
Merit: 2008
First Exclusion Ever
October 07, 2018, 03:37:44 PM
#8
Bitcoin is a tool. It has equivalent ability to be used for good or evil like any tool. That being said, Bitcoin is Capitalist at its core, and Socialism is but a parasite upon Capitalism. Socialism can NOT exist independent of Capitalism (at any usable scale).
jr. member
Activity: 238
Merit: 6
October 07, 2018, 08:35:17 AM
#7
I past this question to you guys because I and my friends have this debate yesterday over a beer.  I was for yes and no it is a healthy mixture of capitalism and socialism.

What are your thoughts? I would like to see what the bitcoin fams are thinking?

The socialist Satoshi created Bitcoin to improve the function of money and finally define the world global currency.
full member
Activity: 952
Merit: 175
@cryptocommies
October 06, 2018, 10:06:58 PM
#6
Yeah but conceptually decentralized control and mining is supposed to be socialist.  If you had such thing as "proof of work" in a literal sense, that itself is socialism. 

There can be no socialist island in a capitalist world and so any cryptocurrency that brings socialist theory to life will be be eroded by the global reality of capitalism. Not even on the internet.
sr. member
Activity: 481
Merit: 268
October 06, 2018, 09:55:46 PM
#5
Bitcoin might have connections with libertarians and anarchism but clearly doesnt have any with socialism. https://www.washingtonpost.com/news/the-switch/wp/2014/03/03/forget-the-1-percent-in-the-bitcoin-world-half-the-wealth-belongs-to-the-0-1-percent/
Things havent change since 2014. A tiny minority controls half of the bitcoins. Inequality at its best.
full member
Activity: 952
Merit: 175
@cryptocommies
October 06, 2018, 09:31:53 PM
#4
Once again the typical case of conflating socialism with authoritarian.  Socialism can be authoritarian or libertarian and every modern socialist movement is democratic and libertarian.  Its the result of capitalist propoganda designed to make workers think the very thing that would provide liberty is the opposite of liberty. 

Its literally Orwelian "war is peace" double speak. 
copper member
Activity: 94
Merit: 1
September 30, 2018, 03:22:23 PM
#3
Bitcoin is an authoritarians nightmare!!!

Bitcoin is a POWERFUL tool of liberty against "socialists" and their like..
Bitcoin is about as free market as it gets.. Basically anarchism..

But with a sate run cryptocurrency, completely centralized, blockchain could be a socialists dream come true to track everyone.
But that is not bitcoin..

But anarchism = chaos. But socialism doesn't mean tracking everyone.
legendary
Activity: 2296
Merit: 2262
BTC or BUST
September 30, 2018, 02:59:56 PM
#2
Bitcoin is an authoritarians nightmare!!!

Bitcoin is a POWERFUL tool of liberty against "socialists" and their like..
Bitcoin is about as free market as it gets.. Basically anarchism..

But with a sate run cryptocurrency, completely centralized, blockchain could be a socialists dream come true to track everyone.
But that is not bitcoin..
copper member
Activity: 94
Merit: 1
September 30, 2018, 12:44:56 PM
#1
I past this question to you guys because I and my friends have this debate yesterday over a beer.  I was for yes and no it is a healthy mixture of capitalism and socialism.

What are your thoughts? I would like to see what the bitcoin fams are thinking?

   
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