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Comment by marenkay | Hacker News Reader

Bitcoin just like capitalism is a horrible failure making life worse for humanity and no proof exists it made anything better. Both accelerate the destruction of the planet and humanity.

It’s ridiculous to claim any of this is good just because you think you have a chance to get some imaginary part of the big cake.

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Capitalism has its problems, for sure, but it is the only system in history that has raised the majority of people out of abject poverty. Even Marx recognized this, which is why capitalism is a necessary step on the path to Marx's communism.

And of course Marx was seeing capitalism before it had done the majority of the good it has done over the past ~200 years.

I lived in capitalism for 50 years. I’ve seen hyper capitalism reduce or remove education, devalue income and Labor, force people to work two or three jobs to survive barely. That’s in a western society where capitalism is supposed to work.

If anyone thinks the good it did is anything but an accident I expect some people will be really surprised when it turns out how bad things are.

At this point it’s ignorant to not see how much damage it has done. But okay. Keep riding the dead horse.

I apologize if I'm wrong, but "3 jobs to survive" sounds like you're living in the US. I don't think equating the US political and economic system with "capitalism" is particularly useful - it is a capitalistic society, for sure, but it is far from the only one.

The US is, for whatever reason, accepts extremes of both wealth and poverty. Many other capitalistic societies choose a different mix, sacrificing the upper extremes to protect against the lower extremes.

Nope, we are talking about Europe.

First it giveth, then it taketh away.....Well it's all relative to where and when. From the perspective of someone in PRC, participating in markets and having some form of capitalism helped. Deng literally lifted China out from Up the Mountains down to the Countryside into the cities and into everyones homes. We've just lived long enough to see things deteriorate. Nothing goes straight up forever, life is stochastic.

Bitcoin saved my cousin from starvation. Can the same be said for anti-capitalism, eg. Communism? Nope, because Holodomor.

Bitcoin is more like communism than autocratic regimes that starve people through malice or incompetence.

The answer to states that cannot manage their own money supply isn't outsourcing to ecologically disastrous shit coins limping along at 7 TPS.

All that said, hope your cousin is safe and well fed.

Because it puts the power into the hands of a ruling class which takes everything? Yeah, it’s like real communism not like the theories…

At the price of putting someone else into starvation which you ignored…

Markets are not zero sum. Value is "created* in a growing market.

Except Bitcoin market is zero sum. No value is being created.

The value is transacting independence from monopolies, with interdependence to a distributed network.

The value is immutability –not something censor-horny commies value, I'll give you that.

The whole thing is basically parasitic in nature, and would de without and banking system behind it. The value is hiding money, the motivation is mostly committing crime, fraud, etc. The majority is owned by conservative people willing to send us back into feudalism.

Censorship seems to be a property of any system, see the US. To this day, they are so stupid they censor nipples.

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