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Topic
Board Beginners & Help
Re: State of Bitcoin
by
MoonShadow
on 24/02/2012, 04:48:57 UTC
There is a paradox that strikes me strongly here. On the one hand, a tonne of people seem to be interested in developing Bitcoins for ideological reasons, to develop a currency independent of corporations or central banks. On the other hand, one of the biggest groups I see on here are ex-forex traders hoping to make a quick profit! Intuitively, those seem like clashing beliefs to me: speculative-capitalist and anti-capitalist.

Or am I totally wrong.

I don't think you're wrong, per se; but you are seeing the community through colored glasses.  The dominate ideology among the early bitcoin users (myself included) is strongly libertarian.  The US, (for example) is not a free market anymore; and hasn't been since 1913.  It's literally impossible for a free market to exist if the monetary system's value is 'regulated' (price controlled) by a central bank; because the monetary system in use is half of all the transactions.  Whether or not the monetary system is well managed or not is irrelevent.