Acceptable Capitalist alternative for Bitcoin economy

[Ucy]

First of all, we are not against people individually owning lots of companies/businesses or being as rich as they can, as long as they're not selfish with the riches or do not become rich at the detriment of societal wellbeing. Unfortunately, Capitalism which is arguably the best economic model of fiat system, does not seem to care about this things. It's exploitative,  individualistic, prideful, selfish, it cut corners, feeds on human lust to remain profitable or for the sake of profit, etc

The right economic model for Bitcoin also allows people to own as many companies or businesses as they can, as long as they do not produce evil things or go against good quality standard. And anyone can become a shareholder or part of any company and possibly rank up based on their good quality contribution (contribution with little to no issue). Contribution are permissionlessly reviewed by any member for approval or for finding issue that's against company's good quality standard. Contributor gains points after every successful review, approval or contribution that passes that faultless requirement.

We need people who despite having alot do not build up riches for selfish purposes, are not full of pride, don't look down on lower class, are generous, do not became rich by cutting corners, do not produce stuff that are harmful to others, etc
 Interestingly the Bitcoin system makes this achievable because holding bitcoins also benefits the collective rather than just the holder, decentralization limits pride and creates an equal level playing field for everyone, no high horse to sit on and look down on lower class as every position of power can be directly checkmated by anyone, money is better channeled into production and consumption of necessary/good things. If  trustless principle of Bitcoin applies coupled with reputation and high standard it becomes hard to cut corners or produce things that are harmful to others.

So, the Capitalist alternative for Bitcoin is one that has very wealthy people who are humble, have many good companies/businesses, hold lots of bitcoins yet are considered poor as they do not pile up the riches for themselves but live selflessly or for the good of others

[Rain1620]

We need people who despite having alot do not build up riches for selfish purposes, are not full of pride, don't look down on lower class, are generous, do not became rich by cutting corners, do not produce stuff that are harmful to others, etc
 Interestingly the Bitcoin system makes this achievable

This idea is very sensitive and captivating. Bringing out the concept of humble capitalism in alignment with the trustless nature of bitcoin makes it even more interesting. But what you’re pointing at is actually dependent on human psychology and understanding. it’s not just about the tech itself. We can tell that capitalism in this era operates with certain benefits. Now let’s come to the understanding that while bitcoin completely decentralized that monetary system, it did not in turn decentralize human greed nor the desperation for power.

[Coyster]

It's hard to really put together what you are trying to say here. I am not also sure how bitcoin comes into the conversation. Capitalism is what it is and just like any other economic or political system, it had its own flaws and disadvantages, but it works and that is why it is widely adopted around the world.

Wealthy people do not have to be humble, there are also poor people who aren't humble, lol. Neither do wealthy people have to live selflessly for the amusement of the poor. As long as one isn't making money through any illegal means or at the detriment of the health and wellbeing of others, then they have nothing to prove to you, neither do they have to live based on your own standards.

[viljy]

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We need people who despite having alot do not build up riches for selfish purposes, are not full of pride, don't look down on lower class, are generous, do not became rich by cutting corners, do not produce stuff that are harmful to others, etc
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So, the Capitalist alternative for Bitcoin is one that has very wealthy people who are humble, have many good companies/businesses, hold lots of bitcoins yet are considered poor as they do not pile up the riches for themselves but live selflessly or for the good of others

These people also grow snow-white wings like angels! The Communists also wanted to raise a new type of person, like the one described (except without bitcoins in their wallet), but they didn't succeed. In general, there are many idealistic ideas about what would be good if...

[Die_empty]

So, the Capitalist alternative for Bitcoin is one that has very wealthy people who are humble, have many good companies/businesses, hold lots of bitcoins yet are considered poor as they do not pile up the riches for themselves but live selflessly or for the good of others

Bitcoin has created a system where there are no gatekeepers. This is unlike other assets where you need a license or permission to invest in them. This has given everyone a level playing ground to explore the Bitcoin space without restrictions.

Capitalism is driven by profit-making and not equality or humanitarian tendencies. This economic system gives everyone the freedom to earn money however they can and use it as they like. We have some institutions that have stockpiled a large number of Bitcoin; do you expect them to start distributing money to the poor? Businesses can statutorily or willfully engage in social corporate responsibilities from time to time. It is only in a socialist system that income redistribution.

[Marvelockg]

We need people who despite having alot do not build up riches for selfish purposes, are not full of pride, don't look down on lower class, are generous, do not became rich by cutting corners, do not produce stuff that are harmful to others, etc

In a society where being poor almost looks like a curse, you can really dictate how one should use his wealth as long as it does not infringe on the right of another. how many people have a reasonable wealth and don't end up using it for some selfish purpose? even when you rty to be good, other wealthy people will try to run on you and with time, just so you can be protected from the rich that will try to take you out of their league and the poor that are not even happy that you are out of their league, you have to become mean to a little extent because that is basically what people respect.

With bitcoin, everyone has the ability to own as much wealth as he possibly can without a third party knowing that he is even that wealthy. the holder of the bitcoin can still be prideful if he naturally has such tendency in him.

[Alpha Marine]

First of all, we are not against people individually owning lots of companies/businesses or being as rich as they can, as long as they're not selfish with the riches or do not become rich at the detriment of societal wellbeing. Unfortunately, Capitalism which is arguably the best economic model of fiat system, does not seem to care about this things. It's exploitative,  individualistic, prideful, selfish, it cut corners, feeds on human lust to remain profitable or for the sake of profit, etc

You can't say you support a system where people can be as rich as they can, then, in the same breath, say they should not be selfish with the riches. If they made the wealth themselves, why should anyone else have the right to tell them what to do with it?

Capitalism is not the reason for pride, looking down on others, greed or selfishness. Those are individual human natures. In ancient Aristocratic cities, where there was no real capitalism, there was still greed, selfishness, and corruption. Socialism and communism do not take away the evil part of men.

You can appeal to people to be better humans, or to the government and its agencies to be better at their jobs, but the solution will never be eliminating capitalism.

[Ruttoshi]

The major purpose of capitalism is to make profit whether, you are proud or not and I don't see how the rich who invested into bitcoin is humble just because they bought bitcoin since they did that to preserve their wealth and to make profit in future.

Humility is a gift and it must be practice to make it part of you. Bitcoin cannot make you humble because people brag with their bitcoin portfolio. I don't think that Elon Musk is humble. Majority of rich people make wealth for themselves.

[Fortify]

First of all, we are not against people individually owning lots of companies/businesses or being as rich as they can, as long as they're not selfish with the riches or do not become rich at the detriment of societal wellbeing. Unfortunately, Capitalism which is arguably the best economic model of fiat system, does not seem to care about this things. It's exploitative,  individualistic, prideful, selfish, it cut corners, feeds on human lust to remain profitable or for the sake of profit, etc

The right economic model for Bitcoin also allows people to own as many companies or businesses as they can, as long as they do not produce evil things or go against good quality standard. And anyone can become a shareholder or part of any company and possibly rank up based on their good quality contribution (contribution with little to no issue). Contribution are permissionlessly reviewed by any member for approval or for finding issue that's against company's good quality standard. Contributor gains points after every successful review, approval or contribution that passes that faultless requirement.

We need people who despite having alot do not build up riches for selfish purposes, are not full of pride, don't look down on lower class, are generous, do not became rich by cutting corners, do not produce stuff that are harmful to others, etc
 Interestingly the Bitcoin system makes this achievable because holding bitcoins also benefits the collective rather than just the holder, decentralization limits pride and creates an equal level playing field for everyone, no high horse to sit on and look down on lower class as every position of power can be directly checkmated by anyone, money is better channeled into production and consumption of necessary/good things. If  trustless principle of Bitcoin applies coupled with reputation and high standard it becomes hard to cut corners or produce things that are harmful to others.

So, the Capitalist alternative for Bitcoin is one that has very wealthy people who are humble, have many good companies/businesses, hold lots of bitcoins yet are considered poor as they do not pile up the riches for themselves but live selflessly or for the good of others

It's an almost impossible dilemma to fix. Capitalism has shown that greed and self interest when it comes to accumulating money are some of the most useful factors when it comes to innovation. Whether that is a businessman buying another business that increases their cashflow, a company floating on the stock market to unlock funds for the founders, venture capitalists trying to take a slice of a company in return for investment capital and many other avenues. Universal income seems and sounds like a great idea, but it also rewards laziness - even if it just defines a baseline where you can live a comfortable existence and only have the option to strive for extra if you want. There are far too many people that would rather sit on that baseline than stretch further.

[EluguHcman]

First of all, we are not against people individually owning lots of companies/businesses or being as rich as they can, as long as they're not selfish with the riches or do not become rich at the detriment of societal wellbeing. Unfortunately, Capitalism which is arguably the best economic model of fiat system, does not seem to care about this things. It's exploitative,  individualistic, prideful, selfish, it cut corners, feeds on human lust to remain profitable or for the sake of profit, etc

The right economic model for Bitcoin also allows people to own as many companies or businesses as they can, as long as they do not produce evil things or go against good quality standard. And anyone can become a shareholder or part of any company and possibly rank up based on their good quality contribution (contribution with little to no issue). Contribution are permissionlessly reviewed by any member for approval or for finding issue that's against company's good quality standard. Contributor gains points after every successful review, approval or contribution that passes that faultless requirement.

You don't even have the right to decide how anyone spends their own funds in the first place, and I think this is part of the motive that stroke Satoshi Nakamoto to develop Bitcoin in the Decentralized Blockchain concept so that everyone can actually exercise the right and custody of their funds.

You also think someone is being selfish on how they spends their funds if you have that authority to decide for them which unfortunately not even the government that has the right. That is why the banking system is messed.

Considering the lack of Privacies within using the traditional monetary systems, it seriously limits individual rights conditionally that is why politicians luxurious expenditures are unquestionable. We also celebrate the first classes at their pleasant while the average and less privilege remains questionable at every of their financial life.

[Dareo]

Bitcoin itself does not make anyone a good or bad person. It just provides a system where the rules are the same for everyone. An honest person will use this freedom for good, while a dishonest person will try to do dishonest things if given the opportunity.  Technology cannot change character, the main strength of Bitcoin is to reduce central control and apply the same rules to everyone. And I don't think getting rich is a problem. The problem is when that wealth harms others or is created through abuse of power. Bitcoin may provide fair rules ,but morality is still a person's own responsibility.

[Mhizlove]

Honestly I think no economic system is perfect on it's own, be it bitcoin based economy or capitalism, the character of those that are in charge or those that operate the system still matters. If the people don't have integrity and accountability, even the hest designed system can still be abused. Besides that, bitcoin can encourage individuals responsibility and transparency, but it do not automatically make people humble. You see those values still depends on good leadership, personal choice and society that do rewards honesty rather than greed. At the end of it all, technology can help, but the people will determine how well enough the system works.

[Fortify]

First of all, we are not against people individually owning lots of companies/businesses or being as rich as they can, as long as they're not selfish with the riches or do not become rich at the detriment of societal wellbeing. Unfortunately, Capitalism which is arguably the best economic model of fiat system, does not seem to care about this things. It's exploitative,  individualistic, prideful, selfish, it cut corners, feeds on human lust to remain profitable or for the sake of profit, etc

The right economic model for Bitcoin also allows people to own as many companies or businesses as they can, as long as they do not produce evil things or go against good quality standard. And anyone can become a shareholder or part of any company and possibly rank up based on their good quality contribution (contribution with little to no issue). Contribution are permissionlessly reviewed by any member for approval or for finding issue that's against company's good quality standard. Contributor gains points after every successful review, approval or contribution that passes that faultless requirement.

We need people who despite having alot do not build up riches for selfish purposes, are not full of pride, don't look down on lower class, are generous, do not became rich by cutting corners, do not produce stuff that are harmful to others, etc
 Interestingly the Bitcoin system makes this achievable because holding bitcoins also benefits the collective rather than just the holder, decentralization limits pride and creates an equal level playing field for everyone, no high horse to sit on and look down on lower class as every position of power can be directly checkmated by anyone, money is better channeled into production and consumption of necessary/good things. If  trustless principle of Bitcoin applies coupled with reputation and high standard it becomes hard to cut corners or produce things that are harmful to others.

So, the Capitalist alternative for Bitcoin is one that has very wealthy people who are humble, have many good companies/businesses, hold lots of bitcoins yet are considered poor as they do not pile up the riches for themselves but live selflessly or for the good of others

Bitcoin is a currency. It is backed by a transparent ledger, which allows everyone to keep track of the 21 million Bitcoins that can ever be mined. That's it, don't try to extrapolate some additional meaning out of it. If you want to talk about alternatives to capitalism that is one thing, but it can fit into any economic model that uses currency to trade - which is every single one because it's just convenience. Most of the largest companies today were often not built out of greed, but rather because the owners were at the beginning interested in whatever good or service was being produced. Apple computers were trying to improve on other computers that existed up to that point, like Atari. The iPhone was trying to improve on the Nokia 3310. That brought them great riches but they started off as very small companies long ago, even if they did have a fair bit of financial backing at the time. Greed can be good, but it should also sit inside well regulated capitalism, not "free market" (aka companies constantly try to undermine laws for their own singular benefit) capitalism.