The main use case for Bitcoin is securing the storage of stolen surplus value away from state capitalism collapse

in #cryptoleftists3 years ago

Bitcoin speculators are usually right wing idiots interested on it's limited supply. I've seen their eyes shine while they explain how they buy BTC whenever they get the chance because they are so sure BTC is going to become more expensive by applying their basic economics pseudoscience law of demand/supply. Of course their BTC fever is what makes it's price increase irrationally, it's a system with reinforcing feedback. I've seen they argue that basically rich people are going to understand that BTC is going to help them hold their money bags without risks such as taxes, governments collapse, central and private banks collapse, the security required to store gold physically, even revolutions and social distress. These cryptographic methods would help them hold their capital beyond state capitalism collapse and into some distopic form of anarcho capitalism. Since BTC can survive those things, these libertarians present it as a great opportunity to ""store"" the surplus value that was stolen from the working class production.

So from this perspective I definitely understand leftists contempt against cryptocurrencies. Of course blockchain/crypto is way more than just BTC and that's one of the things leftists need to learn to get to know better how it can be used for other purposes.

But storing lots of stolen surplus value in BTC beyond state capitalism collapse is still the main use case for most crypto users I've seen and it is already a reality. It's not going away but instead is going to become the standard way to store this stolen value.

So I am not sure what's my question here. What do you think about this use case? I think the opportunity we have here is being early both to speculate and stole back some value from capitalists (while they buy massively prices are fluctuating which makes them lose money at the expense of making early holders gain money) and specially to build alternative forms of social organization also away from state capitalism collapse.