Bitcoin supports communism

[freightjoe]

This is just plain fact. The way Bitcoin is developing, it is a tool being used to introduce global communism.

Communism is the philosophical, social, political and economic ideology whose ultimate goal is the absence of social classes, money and the state.

By extension this also also strongly implies that the research leading to the launch of Bitcoin were funded by a group of ex-Soviet mathematicians.

[Paranuatu]

Bitcoin wealth distribution is more uneven than it is in today fiat capitalism. Its also unfair, 80% of the natural resources (mined coins) have been taken by a handful of people, and half of the world doesn't even have internet access.

[freightjoe]

Bitcoin wealth distribution is more uneven than it is in today fiat capitalism. Its also unfair, 80% of the natural resources (mined coins) have been taken by a handful of people, and half of the world doesn't even have internet access.

So Bitcoin oppresses the poor?

[coolcountry]

So a new currency is going to help create a moneyless society? How does that work exactly?

[pootutus]

I don't think this topic is appropriate. Bitcoin is not a redistribution of wealth, it is completely different from communism. In the early days, the miners mastered most of the wealth, and the risk of entering the market was high now, and communism was not.

[A1exander]

This is just plain fact. The way Bitcoin is developing, it is a tool being used to introduce global communism.

What way? As mentioned in the previous comment, bitcoin wealth distribution is extremely uneven. Moreover, now bitcoin is starting to being used by big players, financial corporations and the like. Rich become richer, poor become poorer, as usual. There is no way bitcoin can even slightly reduce poverty. It may be used as a tool for... interesting purposes in the future, but it may be also used by criminals, terrorists, and secret services (like gold and paper money). It is just a tool, not a special purpose tool.

[Paranuatu]

Bitcoin wealth distribution is more uneven than it is in today fiat capitalism. Its also unfair, 80% of the natural resources (mined coins) have been taken by a handful of people, and half of the world doesn't even have internet access.

So Bitcoin oppresses the poor?

no, as of right now it has no effect on them.
But if it is to become a global currency, people will have been left out, especially the poor.

[freightjoe]

I don't think this topic is appropriate. Bitcoin is not a redistribution of wealth, it is completely different from communism. In the early days, the miners mastered most of the wealth, and the risk of entering the market was high now, and communism was not.

What do you mean communism was not risky? millions were killed....

[Paranuatu]

the only thing bitcoin did, some poor people who before had no chance of making it to the financial market or get a high paying job, were able to get in when it was cheap and are now having big profits. but even this right now is no longer possible.

[A1exander]

the only thing bitcoin did, some poor people who before had no chance of making it to the financial market or get a high paying job, were able to get in when it was cheap and are now having big profits. but even this right now is no longer possible.

Exactly. There was (maybe there still is) a window of possibilities, but an extremely narrow one, affecting a very limited number of people. It changes nothing in the existing economic system.

[Miyaclint28]

We have to see what the main purpose of the bitcoin on creating. This is not a tool to introduce global communism but bitcoin created to simplify and expedite a transaction in this fast-paced era, besides bitcoin is a pioneer the creation of electronic money so we ought to do good so that the future development of the bitcoin will evolve and can be received by many people.