A few days ago I had a little time to read some pages of Mark Alizart's book "Cryptocommunism". In this book, the author makes some comparisons on the intrinsic philosophy of blockchain and how Bitcoin works with communism and Marxist socialism. At first, it ignores the totalitarian "deviations" that communist ideology later had, thus referring to its comparison to the concepts conceived by Marx and other ideologues of scientific socialism. It is an interesting point of view, but, in my opinion, it only provides a way of understanding the role that blockchain technology and cryptocurrencies are playing in today's world.
Despite the great advances that Bitcoin has made during all these years, and I speak of being a cryptocurrency that had no value and did not have institutional support to become the most profitable asset of the year 2020. Bitcoin went from being ignored and mocked, then censored and persecuted, until finally taking its relevant role in the markets. And I refer to Bitcoin as a concept (whose concept persists in Bitcoin Cash and not in BTC in my opinion). Despite all this, Bitcoin still does not generate much enthusiasm in the common people, in society in general.
There are several reasons for this lack of interest in general, such as the fact that it is a complex technology for many people or they do not find it useful, or so if they already have other currencies. However, it has been Alizart's analysis that has given me more light on what is the real reason for this disinterest in cryptocurrencies: And is that people do not understand about money. People generally know very little about money. And to understand cryptocurrencies and their mission, you must first understand about money (Torsten Hoffmann says it very well at the beginning of his documentary "Bitcoin: The end of money as we know it").
So why is it important for people to understand about money before cryptocurrencies and Bitcoin? Because when you understand money and how it works, you understand that today's money is private money, what I mean is that the monopoly of money creation is in the hands of bankers and private groups close to the central banks of each country. You understand that financial crises are promoted by the creation of unsupported money through the delivery of credits until the debt is unpayable and then these same bankers are "rescued" by the national states through the central banks and financial institutions of the State. It is for this and much more, it is important to make people realize what money is and thus be able to explain why cryptocurrencies and Bitcoin exist. That it is not a whim or some scam to create new rich people, but a tool for liberation and resistance to censorship.
Alizart says, just as Martin Luther changed the world proclaiming that an intermediary between God and us was not needed, so Bitcoin is changing the world proclaiming that we do not need a third party for our transactions. It can be interpreted that Luther talked about being our own church, just like Bitcoin talks about being our own bank.
excellent article.