The core part of socialism is that there is NO private ownership of the means of production. Bitcoin is NOT socialistic ffs. | tweet by Mr.Hodl 🌕🍿 - Upcarta

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The core part of socialism is that there is NO private ownership of the means of production.
Bitcoin is NOT socialistic ffs.

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Erik Cason @erikcason · Feb 11, 2022

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This is a great thread on the intricacies of capitalism and socialism, and how bitcoin struggles to fit into either of these categories. FWIW, I think bitcoin is a Hegelian synthesis of both into a form of neo-syndicalism through technology.