I was discussing the market and economic theory with a business owner and manufacturer today.

I tried to describe that economies basically have three groups; poor, working class, and the bureaucrats/elites.

Capitalism is allowing the working class to earn all the rewards and give to the bureaucrats and poor as they will.

Welfare/socialism is bureaucrats taxing the working class and give to the other two groups(often keeping the reward and only eluding to giving to the poor as a justification)

It's very hard when you have a money controlled by bureaucrats to stop them from paying themselves from the working class.

Bitcoin allows capitalism to exist where it struggles to exist due to entrenched elites and controlled money.

While this doesn't solve all the problems of distribution in the working class or how to help the poor, it fixes many many problems by restoring the honest relationship between work and reward.