Bitcoin replaces a third party that gets wealthy from controlling the means of production of $, with a decentralized p2p system everyone contributes to and gets paid exactly for what they do instead of what an owner decides you should.
We all as a COMMUNITY uphold the system, benefit from it and adjust it accordingly with democratic consensus.. all of these ideals are very socialist.
Socialism is the workers and by extension the community as a whole, owning and controlling the means of production and benefitting accordingly. This sounds exactly like cryptocurrency.
The only reason the state has been used in the past to enforce these ideals is because socialists a long time ago realized private wealth and the governments they control have too much power and military force in the so-called “free market” that a powerful centralized state was necessary to protect the country from these wealth concentrations and the war machines at their whim. This makes it harder to keep democracy not just because of the centralized power but the pressure from outside wealth trying to exploit it and the way the state reacts to such situations.
“Decentralization” has been used in socialist writings for a very long time.
“Capital” is literally concentrated wealth.
🤯