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Leftists must finally take notice of – and buy stock in – bitcoins

by Ramin Mazaheri

Part 7 - This is an enormous development on 3 enormous levels

Or maybe I’m wrong? Bitcoin is, of course, highly speculative. But the fact is that 150 top companies have already signed on with bitcoin #2, Ethereum, so they are going to be around a long time and will make money for investors.

But Bitcoin (capital B) is really the big deal that needs to be supported. It’s the rebel, the revolutionary, the one that governments fear they can’t control, and the one that was designed from the start to be a currency which cannot be manipulated by bankers or central bankers.

That’s why giving $100 to them is more of a leftist action then donating $100 to Amnesty or some other charity. Bitcoin already is a major tool against capitalism – if we can make it too big to stop, the results could be globe-changing.

But it needs to be supported with investments.

Heck, you might make a ton of money and become a leftist benefactor thanks to bitcoin!

And it’s useful: Can you exchange it for dollars? Of course, otherwise what’s the point?

Can you buy things in a store with it? Yes, increasingly – but some merchants would rather pay Visa’s 1-3% fees per transaction instead of around $0.25 per transaction (it fluctuates).

A lot of migrant workers don’t know that this exists, so they keep losing $30 to Western Union or $45 to their bank in order to chivalrously send their slave wages back home. We need to get them aware of this.

So, the much-ballyhooed showdown (well, I’m ballyhooing it) between “bitcoin socialism” and “bitcoin libertarianism” is actually going to be fought and won in the next few years. Socialists need to get involved now, and realize that bitcoins are a space where we can evangelize for leftist economics with enormous potential results.

People love to take bitcoin to the extreme (yes, will not be using ONLY bitcoins in our lifetime) and that obscures the very immediate, very real ways bitcoin can help RIGHT NOW, which I proved with Iran and medicines.

I currently understand bitcoins as an ethical advancement perhaps unseen since Islamic finance, so I’ll continue to be a journalist tracking a big story and continue to share the wealth and tell people about bitcoin/block chain.

And that’s the final key: unlike other capitalist ventures, where you keep your newfound knowledge a secret for exploitation, this whole bitcoin currency/method of savings/societal change only works if more people learn about it, use it, and faithfully hold their stocks long-term in order to make it “too big to fail”.

Fiat/paper money is based on faith – in government. Bitcoin is based on faith – in each other.

That is socialism.

Wake up! Bitcoins are radical, indeed, and we’ve barely begun.

***

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