What is your stance on cryptocurrency like bitcoin and your experiences with it, if any?
I heard about it back in 2010, I figured the technology may eventually be used in some effective way but with all the crypto news lately I've been thinking about its impact in general and on economics and class struggle in particular.
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bitcoin (and all other crpytocurrencies) is 100% bourgoisie.
alos it's fucking gay but hey, that part is kinda subejctive.
It's not very good.
The same with any other currency. That being said, its decentralized aspect makes it useful for subversive activities.
Not a leftist but it's one of the best agorist counter-economics techniques. Legal avoidal of taxation and all, without any possibility of destroying the block chain and thus removing the ability for a government to prevent it.
waste of energy
Abolish all cryptocapital!
It's a currency associated with libertarians and petitbourg scum, what do you think?
It's the most disgusting thing silicon valley liberals have created
It's nothing but speculation and hollow assets, it even show that libertarians can't tell the difference between currency and stocks.
I'm dying for the crypto bubble to fail but even after that those idiots will keep investing and keeping it afloat, disgusting.
+ simple and effective method for trading commodities, would be useful under socialism
+ it is a nice practical proof for ricardo's/marx theory of value
+ under capitalism it can theoretically make people financially independent from bankers and their monopolies, the gold lobby et al., which was actually the whole point in light of the last big financial crisis. however the financial 'markets' have integrated bitcoin fully into their casino by issueing futures and derivates, so cryptocoins act like any other commodity now.
- energy resource hog
- helps porky and the mafia to avoid taxes, laundry money and buy/sell drugs/weapons anonymously
it would be obsolete under communism ofc