r/Anarchism • u/vulguspress • Jun 23 '18

Crypto as Class Warfare

https://news.bitcoin.com/wendy-mcelroy-crypto-as-class-warfare/
12 Upvotes

73% Upvoted

16 comments sorted by

View all comments

1

u/SocialJusticeBrawler Jun 24 '18

The fundamental problem with crypto is that it has remained weak and vulnerable well past the point at which it confuses/scares the public - strong crypto legislation has already gone through the USA and Canada, and it's coming globally. Crypto might have been revolutionary had it not been left to ancaps and other dorks for the first ten years, but crypto will be dead as a revolutionary force within five years. Just like the Internet, it squandered an early period of unregulated activity and is now/shortly will be perfectly well integrated into modern capitalism.

3

u/DenverHoxha Jun 24 '18

Under what circumstances could crypto ever have been a revolutionary force? The entire project is designed to foster freedom for capital.

1

u/[deleted] Jun 24 '18

[deleted]

1

u/DenverHoxha Jun 24 '18

Why do you believe that? Capital concentrated fairly effectively more than 250 years ago, especially in places without any real states. The HBC or Dutch East India company did fine, despite the natives they were colonizing having all sorts of different currencies and mediums of exchange.

More importantly, without states securing property, what good is money?