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Capitalism is proof of stake. The more capital you have the more power you have. #bitcoin is proof of work. In order to get bitcoin, you have to work. Bitcoin is not pure capitalism, even though you want it to be.
2025-11-11 18:40:22 from 1 relay(s) ↑ Parent 4 replies ↓ Reply
Capitalism is not inherently proof of stake, Fiat money is. Dont waste time fighting an Symptom. Fight the root Problem with #Bitcoin, which is Fiat money. Also the issues we See offen today are driven by creditism, not capitalism. No wealthy Person today has capital, they are deeply in dept. They get a lot of crédit to buy assets, which is a no brainer, AS they geht bailed out if their investment fails... Creditism is the problem, not capitalism.
2025-11-11 21:18:35 from 1 relay(s) ↑ Parent 2 replies ↓ Reply
Proof of work kind of implies the labor theory of value if you think about it. Also imo fiat was an inevitable evolution of the dynamics of private property rights and finance capital. Bitcoin is definitely still capitalistic in that it is an attempt at saving property rights from this contradiction; but sometimes inventions have positive effects that were never intended and this may be the case for Bitcoin and the way economics evolves. Capitalism -despite what libertarians insist - is a top-down centralized system and the conflict between that and the decentralization of Bitcoin must resolve itself.
2025-11-12 00:11:05 from 1 relay(s) ↑ Parent 2 replies ↓ Reply
Ask yourself why fiat currencies are a thing. It benefits the most wealthy and powerful people on the planet and they'd be stupid not to take advantage. The ownership class is unaffected by inflation because prices adjust quickly and it has the added benefit of keeping workers dependant on the system. Politicians and imperialists love it because they can continue to fund illegal wars and genocide without taxation. Fiat is a natural and inevitable result of the incentive structures within capitalism. Now also ask yourself just how revolutionary Bitcoin can actually be without massive reforms of the global economy.
2025-11-12 00:21:06 from 1 relay(s) ↑ Parent 1 replies ↓ Reply