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Re: Capitalism (continued from How do you deal with the thought about taxes)
by
blablahblah
on 06/06/2013, 16:13:40 UTC
Ive concluded that every discussion involving anarchism on this forum will devolve into ancaps and pro capitalism herpderps idealizing themselves into a hole.
Well, if you want anti-capitalist herpderps, you've come to the wrong place.
Yeah. This isn't the place for it.
Spoken on a Bitcoin forum. How ironic.

How about I make a quick list of Bitcoin's socialist tendencies (not that I'm a socialist or anything, just pointing things out.)
  • Relies on infrastructure that's sponsored by someone else. E.g.: distributed memory pool for unconfirmed transactions = unfunded; network resources = unfunded
  • Relies on charity to pay for development. So far this kind-of works, but anecdotal evidence suggests it's mostly a loss-making hobby and contributors usually have other day jobs to subsidize it.
  • Most direct funding is through a combination of "inflation tax" and exchange rate appreciation.
  • As long as participation remains voluntary and transparent, the inflation seems acceptable. If it's ever forced on me, I might start demanding that the miners provide various governmental services in return.
  • As people put more of their faith into Bitcoin, the exchange rate goes up and it parasitically steals value from other things. One way to think of Bitcoin is: it's just one bubble in a global washing basin full of other bubbles. If one bubble grows, the other bubbles have less room.