You are viewing a single comment's thread from:

RE: Bitcoin: the currency of an ideal Communist economy or the nightmare of capitalism?

in #bitcoin6 years ago

It seems you don't understand the philosophical basis of Bitcoin, which is Austrian economics. Bitcoin is based on the principle that everyone has the right to his own property, which cannot be collectivised or confiscated by the government. That's the whole concept of peer-to-peer money. Moreover, Bitcoin allows for wealth inequality, as Bitcoin will never be "redistributed". Rather, there will always be some people who are Bitcoin rich and Bitcoin poor. That's based on the Pareto principle. Bitcoin is, if anything, the opposite of communism.

Coin Marketplace

STEEM 0.18
TRX 0.16
JST 0.029
BTC 76571.01
ETH 3026.93
USDT 1.00
SBD 2.61