Postcapitalism

Why Bitcoin is not a socialist’s ally – Reply to Ben Arc

On 15th July, Ben Arc published in Bitcoin Magazine an open letter addressed to me in a bid to convince me that I should re-assess my rejection of Bitcoin as a force for good; as a bulwark for democratising capitalism and paving the ground for socialism. Here is my reply:

Dear Ben Arc,

Thank you for your open letter and your efforts to bring a socialist perspective to bear upon my assessment of Bitcoin.