Satoshi chose proof of work. Contrary to proof of stake or other governing mechanisms, it’s powered by capitalist mindset that must compete in the open which also prevents it to cheat. That’ll drive everyone who wants to work to prosperity and freedom.
Post by twetch#1612
Capitalism discourages competition. it's proof-of-stake that's similar to capitalism. You're maybe thinking of free markets. Supporing free markets is orthogonal to supporting capitalism.
What the chain says
- Block
- 618 489
- Time
- 2020-01-20T17:53:44Z
- Signer
- 1JLButMZPU7xu2PUBPxekTcpJKPzZuaTuZ
- App
- twetch
- Type
- reply
- Content type
- text/plain
- Name in tx
- twetch#1612
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
1JLButMZPU7xu2PUBPxekTcpJKPzZuaTuZ VerifiedReplies (5)
Creativity is what drives capitalism, it wants to be free so it must compete and find ways to surprise with solutions in the sense to outperform existing ones. Whereas socialism wants to control, govern everything for optimising and redistributing.
State control is also orthogonal to both of those. There are both anarchist and statist socialists. There are socialist anarchists in favor of markets, and socialist anarchists opposed to markets. Sorry if this is too complex for you. You've been lied to.
Nah, I was on the fundamental level distinction, not even political.
Those are many of many in many, private flavours vs state flavours.
State control is absolutely not orthogonal to either of these. Because humans almost always automatically institute class distinctions in socialist and anarchists systems, they cannot ever be trusted to administer them properly.
... that is to say I see them as intertwined, even though capitalism and free markets aren't interchangeable terms.
Upon re-reading, I think you and I are saying similar things in different words, @6368.