Is it about computers ?
Guys, I have a question. Where are live, crypto has a strong connection with anarchy capitalism ideology, as most holders do it for ideological reasons. However, I hardly see any reference of this here in the sub. Are you guys inclined to any political decentralization agenda or is just the money?
Crypto may never find major support amongst a lot of Marxists because decentralization is inherently incompatible with the process of attaining communism through state socialism.
This is because too many are committed to the model of centralizing power in the state and having the central government directed by electoral politics.
Bureaus and Committees are what spring up from that centralist tendency and they will not take another path.
meanwhile crypto uses technology to govern through direct democracy that allows people to freely associate, organize and utilize resources at their disposal.
And because it also permits markets, dissociation, open-discussion and mutual exclusion of authority, it will be seen as "counter-revolutionary".
Ancoms often claim that capitalism is impossible without the state. I was an ancap before I discovered blockchain technology, so I believe the blockchain not necessary for capitalism to work, but I think using the blockchain it would be an extremely secure way to ensure property rights. I present you a form of capitalism without the need of a state.
It goes like this: Property claims (such as "X owns this land") are stored on a public ledger and can be transferred using a private key (similar to a password). Property claims are validated decentrally by trusted companies (Ripple already does this, but for fiat etc.) and property claims written in the blockchain are enforced, again, decentrally, using private "blockchain enforcement" agencies, all of which are being paid decentrally using something like bitcoin. All contracts are highly formalized such that computers can evaluate them and their results are written into the blockchain, too, when parameters of the contracts change (Ethereum already does this). For private disputes (which are almost impossible to formalize), such as domestic violence etc., regular and separate (highly decentralized) DRO-style companies are in place.
What do you think? Why wouldn't this work? What are its weaknesses?
