Bitcoin is not capitalist.
Many of you think Bitcoin is capitalist, that is simply not the case.
Capitalism is not the only economic system with a free market
You heard me. Mutualism and market socialism both have no private ownership of the means of production while they both have a market. This means the only thing that keeps capitalism unique is private ownership of the means of production.
The blockchain is upkept by all and you are not forced to pay an entity to use it.
The Bitcoin blockchain is owned by nobody and shared by all
This is the complete opposite of capitalism and would more neatly fall into the category of market socialism.
But what about my mining equipment!
You own your mining equipment and work on it yourself meaning it is personal not private property. Even if you large miners don't work on it yourself and pay others to, that doesn't make Bitcoin capitalist, you can work on a system in capitalist ways but that does not change how the system itself operates. For example if the United states bought iron from Cuba The United states are still capitalist.
(source for image)
bitcoin.org/img/icons/opengraph.png
I like your username
ty bb
So, if I own a restaurant, and I have 3 employees, a chef, a waitress, and a handyman for cleanup/maintenance, then the pots chef use, uniform of the waitress, and the mop of the handyman becomes "private property", a "means of production", is that it?
basically yeah
The blockchain may not be owned by anyone (or it might be owned by everyone) but certainly, bitcoins are owned by someone, and there are only 26,000,000 to be created ever. And it is a capitalistic marketplace.
Just because the ledger is open to everyone, it doesn't mean bitcoins are distributed to everyone.
they are personal property not private property
Tell me who owns the means of production in mutualism or market socialism then. And how specifically you define "means of production" and the distinction between "personal property" and "private property".
personal property is something that you own and use yourself private property is what somebody else uses that you own (and profit off it)