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this post was submitted on 22 Oct 2023
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Technology
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Idk feels a bit like propaganda to me, crypto is the closest to a socialist currency you can get; instead of one or 2 super banks controlling all the money its divided throughout the people.
but then again this study has no (and obviously couldn't easily) bias control for such a factor
To be fair, the currency is a collectively managed element. But currency trading is prospective investing, id est majorly doing a capitalism which is quite conservatve.
If we just bought stuff with crypto and tried to stabilize prices that would be a public-service driven effort, ergo socialist
Crypto is a pyramid scheme. It's not currency.
Anything under capitalism is a pyramid scheme, its just most noticeable when its more sharp of a pyramid