Is Bitcoin socialist dream come true ?

[WalletPlus]

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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[eddie13]

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..

[WalletPlus]

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.

[coins4commies]

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. 

[r34tr783tr78]

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.

[coins4commies]

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.

[Herbys]

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.

[TECSHARE]

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).

[xvdazza]

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.

[coins4commies]

then tell me who controls the means of production for bitcoin.  who "owns" bitcoin?

[TECSHARE]

then tell me who controls the means of production for bitcoin.  who "owns" bitcoin?

Communism is a failure responsible for the deaths of hundreds of millions. Furthermore it was specifically designed and cultivated by the banking elite as controlled opposition to Capitalism. Give it up.

[bluefirecorp_]

then tell me who controls the means of production for bitcoin.  who "owns" bitcoin?
Furthermore it was specifically designed and cultivated by the banking elite as controlled opposition to Capitalism. Give it up.

Rofl, I think you got capitalism and communism switched up there buddy. Big words that start with C seem to confuse you.

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Overall, BTC can be utilized as a currency for any community. The issue is that it's tied to fiat currency rather than actual resources.

[coins4commies]

TECSHARE: I'm nearly certain communism is responsible for zero deaths as it has never been implemented but this just demonstrates your lack of understanding of what communism actually is.  I would love to see you write out your definition of communism and explain how you think it has killed people.

[TECSHARE]

TECSHARE: I'm nearly certain communism is responsible for zero deaths as it has never been implemented but this just demonstrates your lack of understanding of what communism actually is.  I would love to see you write out your definition of communism and explain how you think it has killed people.

 "True Communism has never existed" HAHAHAAHHAHAHAHAAHAHAHAHAHHAHAH

Thanks for exposing yourself so completely and so easily. Regarding your question, try opening any history book not printed in China.

[xvdazza]

then tell me who controls the means of production for bitcoin.  who "owns" bitcoin?

The one who has computational capabilities (i even may say significant capabilities).  They are not guaranteed to anyone. And bought on the market with a probability of more than 90%. Also luckers and architects. Besides, Satoshi had a stabilization fund (or i wrong?). Decentralized emission does not guarantee equality.

[bluefirecorp_]

then tell me who controls the means of production for bitcoin.  who "owns" bitcoin?

The one who has computational capabilities (i even may say significant capabilities).  They are not guaranteed to anyone. And bought on the market with a probability of more than 90%. Also luckers and architects. Besides, Satoshi had a stabilization fund (or i wrong?). Decentralized emission does not guarantee equality.

Bitcoin functions on proof of work, so the workers technically own bitcoin

[coins4commies]

The one who has computational capabilities (i even may say significant capabilities).  They are not guaranteed to anyone. And bought on the market with a probability of more than 90%. Also luckers and architects. Besides, Satoshi had a stabilization fund (or i wrong?). Decentralized emission does not guarantee equality.

So the people who have the skills and do the work control the products of their work.  That sounds a lot like the socialism to me. 

[TECSHARE]

Socialism doesn't produce anything. It is capable only via parasitic attachment to Capitalism. Socialism can not exist independent of Capitalism. Bitcoin is based on mutual self interest an is about as Capitalist as you can get. Please do tell me about how Bitcoin fits within the 10 planks of Communism, it should be entertaining.

[xvdazza]

So the people who have the skills and do the work control the products of their work.  That sounds a lot like the socialism to me.  

well, all the glitters is not gold

Bitcoin functions on proof of work, so the workers technically own bitcoin

Socialism is based on equality and social ownership. What economic equality (the one Engels wrote about in Anti-Dühring) can we say when significant production powers are in one wealthy hand, when the creator has such power, and capitalist banks accumulate funds through unfair income redistribution and playing on volatilities. When we talk about social order, we must take into account the question of power. the usual average worker (who somehow accumulated funds for an entrance ticket) cant exerting economic influence on bitcoin, while super large players have such an opportunity.
All that Bitcoin takes from socialism that is Marx parfume for libertarian core.

[Spendulus]

The one who has computational capabilities (i even may say significant capabilities).  They are not guaranteed to anyone. And bought on the market with a probability of more than 90%. Also luckers and architects. Besides, Satoshi had a stabilization fund (or i wrong?). Decentralized emission does not guarantee equality.

So the people who have the skills and do the work control the products of their work.  That sounds a lot like the socialism to me. 

Are you trying to stretch the word socialism to include non-governmental forms of economic sharing?

I don't think that is possible.