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Kaputalism Minimalist
a1915eda2be214344bfd4b24b8f02218337e3d4b788cf7aaf5a494b58c61c210
FOSS and direct democracy enjoyer, who accepts that Bitcoin will end Capitalism and we will all be better off without it.

After a economic reset (like ww2), capitalism always follows a similar pattern as capital concentrates and concessions the working class fought for when they where on a more equal footing after the war, are slowly rolled back to opress them and lower their wages.

This has literally nothing to do with the gold standard.

Marx discribed the mechanisms behind this like a century before this happened.

Are we now completely dependant on proprietary services to code efficiently or do you think there is a chance this can soon run on open source models on local hardware?

Both movements reemerging are a consequence of the increasing wealth inequality that is created by capitalism reachinhg a boiling point. I don't think we are quite there yet.

What we see today in Trump is just a clown trying to fix the economy with completely inappropriate tools and keep the status quo of the power of the capitalist class as best as he can.

Mamdani may call himself a democratic socialist, but his policies are mild forms of social democratic reforms, which are essentially small fixes to capitalism to make it more palatable to the population.

But this will obviously change as the wealty inequality rapidly gets worse and living conditions even for the "middle class" get ever more challenging.

Communism is a utopian class and stateless society.

Socialism is about worker owned means of production and abolishing classes.

Nothing of this has anything to do with fascism. In fact the original italian fascists where heavily sponsored by the capitalist class in order to protect their private property from socialist movements, which where reaching majority numbers at the time.

Fascism or similar totalitarian regimes gaining power is a REACTION to increasing unrest in the population do to the negative consequences of increased wealth concentration and inequality, which is a consequence of capitalism.

Their goal is to control information flow and sentiment of the big masses, which will always consume software provided by corporations who can be attacked by regulators.

They can't really ban it, but make it effectively invisible for almost all people

I would say what trump did is best described by "state capitalism".

If this is a good or bad thing mainly depends on if democracy is still working and if the government uses it's power over this cooperations in favor of the people they represent.

In an actual functioning democracy the people as a whole would now hold a stake in Intel and be able to influence the companies decision in contrast to only private interest governing the company, which isn't a bad thing.

But it's still all capitalist, because capital calls the shots.

A true socialist conversion would be turning Intel into a society owned cooperative with one person one vote instead of voteing rights based on capital.

There are a lot of entities who are holding Bitcoin just for the expectation of bigger gains than classical assets. Once Bitcoin stops putting in this jumps it will be completely uninteresting to them and settle at a price without speculation, revealing the true demand.

Bitcoiners should be prepared for the scenario where this is maybe a lot lower price point in $ than today.

I know, not a very popular thought.

For profit businesses don't have morals. They will bend to whatever narrative they think will make them more profit or avoid trouble with regulators. If they have enough capital they will obviously try to influence the regulator in their favour.

Everything else woul literally be a neglect of their duties towards their shareholders.

They are a private corporation. That is pretty much the opposite of communists

Their concern is to control the information the broad masses get, not the 0.001% who are able to circumvent it. Nostr is a non-issue to their plans.

Insane. I would have thought they will say Joe Biden ate the list or something

Replying to Avatar jack

Bits already means something else, it's a dumb name

No one can become a billionaire just from selling their own work. It's only possible by exploiting the work of others.

Consider the extrem scenario where the nodes of the 10 biggest exchanges would be responsible for 80% of the transactions.

It should be immediately obvious how they are much more important in the Bitcoin economy than 10 random pleb nodes.

Eventually, Bitcoin hash rate will only be secured by transaction fees. In case of a split, the 10 nodes in this example will directly control which fork gets 80% of the hash rate, because they pay for it and the miners just follow the money.

Wealth concentration, by inequality or any other means, like centralized exchanges, is a serious danger and centralizing force, not only in Bitcoin, but to everything else as well.

Literally everything works betteer the more wealth and power is distributed.

Bintcoin's consensus rules are protecteed by a majority of economically active nodes.

Nodes who are economically more active that others matter more.

Hence wealth inequality and wealth concentration are a danger to Bitcoin, the same way it is to rest of the economy.