Politics Economy and Bitcoin Communism vs Capitalism or something else

[freedomno1]

When we refer to the Soviet Union we usually equate the idea to communism not socialism

Communism is a revolutionary socialist movement to create a classless, money-less and stateless social order structured upon common ownership of the means of production, as well as a social, political and economic ideology that aims at the establishment of this social order

The classless, stateless society that characterizes communism is one in which decisions on what to produce and what policies to pursue are made by a free association of equal individuals. In such a higher-phase communism the interests of every member of society is given equal weight in the practical decision-making process in both the political and economic spheres of life

With bitcoins ability to decentralize finance from central banking or capitalist economies perhaps a money-less currency would not be needed but still be able to achieve a similar goal.

The discussion question is bitcoin a step towards an entirely open society with strong individual freedom and distributed currency which still includes finances unlike communism while still applying the free association of equal individuals.

With a system that has no one major central entity, would such an idea could be considered utilitarian or Kantian philosophically and how do you think it would impact economy and modern politics?

Discuss

[4mherewego]

If you dont like bitcoins, you can always start your on currency in a collective and live your communist lifestyle.

The only successful communistic experiments have been in capitalistic environments when they are voluntary.

http://en.wikipedia.org/wiki/Twin_Oaks_Community,_Virginia

[freedomno1]

If you dont like bitcoins, you can always start your on currency in a collective and live your communist lifestyle.

The only successful communistic experiments have been in capitalistic environments when they are voluntary.

http://en.wikipedia.org/wiki/Twin_Oaks_Community,_Virginia

Well I wasn't complaining about bitcoins but interesting point

I was asking what you think the impact would be along various fields
In Economics the effect of Deflationary Currency in the long run
In Politics a libertarian view on finance and the differences from Central Banks controlling income
In Philosophy a way to ensure a fairer distribution of income
In Privacy Law having a method of exchange that is able to be traded between individuals freely as long as the government does not have your key
All leading to a full point on what is Bitcoin really

Of course there are always these type of currencies as well
http://www.budgettravel.com/blog/four-towns-that-have-their-own-currency,12433/

[CryptoChaser]

Kentucky Senator and presidential candidate, Rand Paul is now accepting campaign donations in bitcoin. This is good news, as the more politicians accept cryptocurrencies, the better.
This gives cryptocurrencies such as bitcoin exposure as a viable alternative.