Pash

Pash wrote

Reply to kpop bad by asder

why would you say something so controversial and yet so brave?

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Pash wrote

Bitcoin used to have anarchists around it in the early days. They've been pressed out by the get-rich crowd.

It's interesting because it's a non-governmental money. It's not made any government or organisation. It's an open-source protocol that's governed democratically (by miners/signalling, can explain in more detail if you're interested).

Setting aside Bitcoin itself, the idea of open-source non-governmental money is very interesting to an anarchist, especially if you're some sort of left-wing market anarchist. https://en.wikipedia.org/wiki/Free-market_anarchism

The government currency system is based on the U.S. dollar (a lot more here than I can explain in a comment, too). Basically all world currencies are backed by the United States. See exorbitant privilege. So the currency serves to reinforce U.S. hegemony rather than being a neutral medium of exchange free men can use between themselves; it has the power structure baked into it.

So the idea of non-governmental open-source money is a very interesting one, to a pro-market anarchist. Note that gold also fits this description, as it's not minted by any power-structure. But Bitcoin turned out to be unsuitable for this purpose for a variety of reasons, including environmental problems, and excessive 'hardness' (meaning that supply can't bend elastically to fit demand). LETS might be more what an anarchist wants.

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