What do you hope comes after it ?
this post was submitted on 15 Oct 2023
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Pure chaos.
No, this is Patrick
Winter
Socialist phase where means of production are owned by the workers, and then communism.
You can have cooperatives right now.
No ofense but...
LoL.
Anarchist government, preferably communist in nature but mutualist works too.
and Communism
Deflation would actually make capitalism somewhat ok. It would stop people from buying useless shit and automatically reward the poor who can save a little but don't know how to invest. That's why I Bitcoin
Bitcoin doesn't make it OK to get paid just for owning something, it's just less capitalist than dollars. Miner profits tend towards zero with difficulty adjustment, and Bitcoin doesn't pay to stake holders at all.
How is this not ok to reward those who don't spend? If we are going to stop climate change we need to stop consuming shit as much as possible
I think in this case the distinction between getting a reward and getting paid is important. Bitcoin just appreciates in value with the rest of the economy - you don't get paid a higher percentage of all bitcoins from saving them - like you do from staking, or holding dollar bonds.
My criticism here is against capitalism, not against Bitcoin. Bitcoin's best feature is that it minimizes profits, and inequality caused by the Cantillon effect.