Cryptocurrency Socialist Revolution?

[codeneis]

Another Libertarian Socialist here.

Socialism is not about redistribution of wealth, it's about redistribution of power. Redistribution of wealth happens in capitalism all the time. The reason is because it doesn't make the rich less powerful.

The thing about a revolution is control over production. If people don't manage and own their own place of work, then your revolution will fail (see every state-socialist revolution).

It appears to me that the most advanced large range application of socialism was the short lived anarchist revolution in Spain. And that happened because of managing reasons, not currency distribution.

[bitdude55]

Rich people own stuff, that's what makes them powerful. If we all go out and spend all our money on physical stuff and the next day switch to an egalitarian cryptocurrency, we take their stuff, therefore we take a part of their power and we don't give them back anything in return; we will refuse to honor the money we gave them that promises them goods and services in exchange for their stuff. We can repeat this process as many times as we want, this means that we have to either eliminate money and go back to bartering or the rich have to accept they have lost control of physical wealth because we can redistribute money whenever we want. Spend, spend, spend, switch currency. It's a form of disobedience. In order to avoid this large corporations will have to refuse to sell their goods, which obviously won't allow them to survive. The owners of corporations will have to accept that there are going to be large expensive purges on a semi-regular basis or sell their shares and quit working for those corporations, essentially we are going to find out what is the maximum amount of corporation tax these companies can sustain because that's what they're going to be paying from now on.