this post was submitted on 25 May 2025
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Yes I agree with this completely. Ethically-minded libertarian capitalists who have convinced themselves that bitcoin will neuter the ability of the state to commit violence are either fooling themselves or haven't bothered to step back a bit to examine the nature of power. I was just pointing out that bitcoin does provide a way for a money to be managed in a decentralized and automated fashion. That's the actual technological novelty that a blockchain enables, and IMO that is the only novelty is can or will provide. As all money does in capitalism though, yes it will continue top concentrate and cause harm.