Bitcoin is voluntarist, not socialist
May 17th, 2012 by Irdial
Anyone who contends that Bitcoin is a socialist idea is fundamentally mistaken about how Bitcoin works and its true nature, or is trying to redefine socialism so that it can fit in with and be the standard bearer of the inevitable rise in Bitcoin. You can detect this when you read the phrase, “my idea of socialism is” in this context, which means that the speaker wants to abandon the bad smell of socialism and re-brand the word to mean something that it is not, so that he can remain ‘a committed socialist’ and be a part the real world at the same time.
Bitcoin is the antithesis of socialism. Bitcoin transfers, the ownership of Bitcoins and the rules governing exchanges are not administered by a central State authority, unlike a system designed by a socialist, where who can own what, how much of it, and what can be done with it is absolutely regulated by a group of violent bureaucrats.
This is a blog post, by someone fighting with Bitcoin misconceptions and myths. Other posts by Irdial include: