Bitcoin: How Jeremey Corbyn might become the next prime minister of the UK

in #bitcoin7 years ago

No doubt, Theresa May pulled a snap election in the UK as opinion polls tout her ever growing popularity. After promising not to call an election, the temptation of delivering a crushing labour defeat proved too much - and under the guise of delivering a strong Brexit, May launched a snap election. Here's why she might be surprised by a labour win and how opinion polls and press could amount to nothing:

  • She is completely unelected, following Camerons resignation all other candidates stepped aside. Public (or even party) opinion is untested when it comes to voting for her.

  • That opinion is based on media and opinion polls, which have proved to be incorrect in representing public opinion. Brexit shows this directly, but its more of a global reflection including Iceland's pirate party and even Donald Trump. Basically, nobody really knows anymore.

  • Voting poll surveys are based on people who are committed to voting in every election and have done before. Corbyn has already shown that he can engage new voters, as he did in becoming and staying Labour leader. Even though the polls think May will win, there is an unusually high disagreement over what her lead is - showing potential volatility.

  • Corbyn has promised a massive minimum wage of £10 an hour and four new bank holidays. Who wouldn't vote for this - or perhaps should we ask.. who might vote for this who have never voted before?

  • Corbyn makes big promises which will benefit the majority. Sure most politicians do, but unlike most politicians people actually trust Corbyn to deliver. Everyone agrees Corbyn stands out as someone who is a politician of principle not to be swung by power. Even the opposition believe this.

-Corbyn is campaigning whereas May is not. British people love building leaders up to tear them down - if as promised, May refuses to do TV debates (and as promised all major tv stations will just show an empty seat) then the British public might be hungry for blood - and what better than Tory blood.

  • Following the Brexit drive for electoral roll registration, record numbers of new voters will easily be able to vote.

  • Corbyn is being used as a vote against the Tories by other parties and will attract both soft and hard brexit votes.

  • Labour needs to win (or the tories need to lose) lots of seats, but currently these are marginal and may not require a large amount of votes to achieve a swing.

Marginal gains add up. Even if Corbyn doesn't win it appears likely a hung parliament would result in the Tories out and Corbyn in (with some caveats). But what might this mean for bitcoin?

Brexit, uncertainty and a socialist leader may change the world and Britain into a better place but it won't help London remain the financial centre of the world. Bitcoin may emerge as a genuine alternative to the pound, a hedge against an uncertain financial environment or pounce on the so far unrealised potential of bitcoin in the UK - compared to other countries. This is of course like all politics and currency, pure speculation. To clarify: The main subversion of this article is that public opinion is becoming less centralised making people like Corbyn dangerous to centralised systems of the ruling class - this compliments Bitcoins underlying values.

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