On 5/4/2014 12:38 PM, Telmo Menezes wrote:
Yes, and this already happened. I would add that capitalism is not catching up with anything because it doesn't even exist at the moment. The money supply itself is not under the control of the market, so the system is non-capitalist at its core. Bitcoin is an attempt at real capitalism, it remains to be seen if it can survive.
I think that confuses financialism with capitalism. If you can invest in labor and equipment and produce something that returns a profit, you're a capitalist. Bitcoin looks to me like just another attempt to manipulate the medium of exchange and profit from it - a role traditionally taken by Wall Street and the Federal Reserve in the U.S.
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