Quote from: herzmeister on August 04, 2014, 10:36:17 AM

right, "Socialism" does not mean what most US-Americans think and how they use that word all the time. The term "Socialism" originally meant workers to be in control of the means of production, i.e. co-ops instead of bosses. It doesn't say anything about a (welfare) state.

Bitcoin is perfectly compatible with that kind of socialism.

It's also a more natural form of self-organization in a truly anarchistic society. Historically, if workers felt exploited by their capitalist bosses, they went on strike, mutiny, and eventually took over the factory, i.e. the means of production. Only the old establishment's countermeasures prevented that from happening further, i.e. through guards, police, etc. (That's why both von Mises and Rand were not anarchists, and were convinced that a minimal state is necessary, s. Night-watchman state.)

Reality unfortunately is not like Ayn Rand's Freudian ramblings. The first, old capitalists were not "heroes", they did not "work hard" to build the factory, they were merely privileged by being in the same gentlemen's clubs as the old aristocracy and political leaders. http://exiledonline.com/recovered-economic-history-everyone-but-an-idiot-knows-that-the-lower-classes-must-be-kept-poor-or-they-will-never-be-industrious/

You should take the time to read Rand's writing. She was very much against the crony capitalist "good old boys club."