Reading the Communist Manifesto through Bitcoin lens is fascinating


If you consider the following from the Manifesto:

The distinguishing feature of Communism is not the abolition of property generally, but the abolition of bourgeois property. But modern bourgeois private property is the final and most complete expression of the system of producing and appropriating products, that is based on class antagonisms, on the exploitation of the many by the few. In this sense, the theory of the Communists may be summed up in the single sentence: Abolition of private property.

We Communists have been reproached with the desire of abolishing the right of personally acquiring property as the fruit of a man’s own labour, which property is alleged to be the groundwork of all personal freedom, activity and independence. Hard-won, self-acquired, self-earned property! Do you mean the property of petty artisan and of the small peasant, a form of property that preceded the bourgeois form? There is no need to abolish that; the development of industry has to a great extent already destroyed it, and is still destroying it daily.

Fascinating that the discovery of Bitcoin has single handedly destroyed the entire theory of the communism, as for the first time in human history, private property can be granted to anyone in the world as a true bearer asset and those rights will be upheld by the network regardless of your class, background, real world influence. The hard work one puts into accumulating wealth to provide for and protect his family can be exchanged for a private property which is honest, sound, ethical, grounded in physics and mathematics.

Most people on this planet cannot access banking and that is the biggest divider of wealthy inequality because money is half of everything we do. The simplicity of code has removed the marginalisation of the majority of people on this planet by establishing the same property rights for a multi billionaire in America and a poor farmer in Nigeria, while secured via true, free market capitalism with the mining industry. Poor communities in rural areas are now able to tap into Locked up natural resources, that would’ve otherwise gone to waste by expelling into the atmosphere and monetise the energy by mining bitcoin.

By implementing a system that respects true integrity, soundness and honesty, Satoshi Nakamoto has quite literally destroyed the main tenant of the Communist ideology by providing property rights to 8 billion people without exploiting a single being.