Socialism and Bitcoin are not compatible.
Discussion
Bitcoin is compatible with any form of government.
It trumps all.
Charity is much better anyway.
you don't need capitalism or socialism as economic policies when there is no government to decide who gets the treasury
Capitalism will still exist.
It will just be *real* free-market capitalism; instead of the crony, subsidized, government picking winner and losers, style we have today.
Are you saying bitcoin is not for everyone?
No, socialist are welcome to use Bitcoin. But they'll be upset when they realize they can't take it by force.
I’ve contemplated this topic a lot. I think that once we are on a full Bitcoin standard, socialism becomes irrelevant. The only reason it has flourished over the years is because certain group of society feel that they are being unjustly taken advantage of (which is true).
Once everyone in society benefits from true free market capitalism; and everyone’s life becomes better each year (including the lazy and poor) — it should slowly fade.
there will always be socialists. these are the people who think it is ok to use the government to steal from other people.
Maybe. I genuinely don’t know.
I tend to believe that as long as everyone’s standard of living improves year on year; then those who gravitate towards socialism might not feel the same level of remorse towards those who have more than them- as they do today.
I’m talking150+ years out at a minimum though. During the transition the commies will absolutely try to steal from wealthy Bitcoiners.
Socialism and humans are not compatible
Socialism doesn't require proof of work, so ya.