Post
Topic
Board Bitcoin Discussion
Re: bitcoin changing my ideology from socialism to libertarianism! What about you?
by
jonald_fyookball
on 07/08/2014, 03:36:38 UTC

Or just make the richest 5% pay, they can certainly afford it, what with all the wealth they have hoarded. Take their wealth, redistribute it. The imaginary problem of money is suddenly solved.

Thank you for admitting that ultimately your philosophy rests on theft/violence/coercion.  
Thank you for putting words in my mouth, fundamentalist. Actually the advent of cryptocurrency allows us the possibility - for the first time in history - to take their wealth without the use of any violence at all! All we need to do is convince the world to abandon fiat and adopt Bitcoin.

BOOM! Peaceful redistribution of wealth, accomplished.

http://tinyurl.com/BTCvsPolitic

That works, however, if everyone had bitcoin and no one had fiat, then MAKING people pay would involve force.

But that being said, the nice thing about Bitcoin is that the rich don't simply get richer on interest.  Since supply is limited, elite lifestyles arguably distribute wealth much better than fiat.  iow, their coins once spent go to others and can't be replenished.  coins can only be earned or traded.  maybe that is all the  economic revolution that is required.