Anyone in here saying "well bitcoin is bad in capitalism but would be great in socialism!" needs to explain to me what the fuck they think bitcoin would do in a socialist world. What value would it add? What function would it provide to society? Why would it do that better than other systems?
It just seems like it's a extremely volatile currency, doomed to perpetual boom and bust cycles. It does not exist to serve human need, and cannot be made to. Why the fuck would anyone want this?
The only thing I could see would be if the world was a system of communes of like a few hundred thousand to few million people, and all those communes didn't trust each other but wanted to use one currency or ledger for certain things like whatever coordinated production there was, which seems a bit ridiculous.
Anyone in here saying "well bitcoin is bad in capitalism but would be great in socialism!" needs to explain to me what the fuck they think bitcoin would do in a socialist world. What value would it add? What function would it provide to society? Why would it do that better than other systems? It just seems like it's a extremely volatile currency, doomed to perpetual boom and bust cycles. It does not exist to serve human need, and cannot be made to. Why the fuck would anyone want this?
Patrick Star meme: "But Andrew Yang will make NYC a hub for bitcoin and other cryptocurrencies."
The only thing I could see would be if the world was a system of communes of like a few hundred thousand to few million people, and all those communes didn't trust each other but wanted to use one currency or ledger for certain things like whatever coordinated production there was, which seems a bit ridiculous.
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