“ Capitalism is an economic system in which private individuals or businesses own capital goods. The production of goods and services is based on supply and demand in the general market—known as a market economy—rather than through central planning—known as a planned economy or command economy.“
A economic and political system where private people own and trade for profit. In a free market and prices are set between private people instead of a government. If this is not what crypto is then I don’t know.
i maintain that we don’t have to fear working within the system if we do it right. The system is not wrong it’s the people in the system that’s messing it up. Politicians and banks.
In a true free market like we have in decentralized blockchain. We the people set the price and we create the trade peer to peer. As long as we also pay taxes we don’t break any laws. It’s about supply and demand. Free trade, the crypto or bitcoin are assets, we create a buisness or rather I am planning to create a buisness. That fills a need.
I been looking at ways to guard myself legally and reading up on history and law about crypto. Trying to look at why it’s so hard to ban crypto. Crypto is not illegal, it’s innovation as simple as a cellphone. There is a need and demand for a cell phone so we can use it.
For instance Trump didn’t ban Cell phones or the Chinese tech they banned a specific company only. And cited security and national risk. I doubt kids using TikTok are a security risk he could easily just ban military or government people.
Anyway capitalist government can’t ban crypto, only specific companies and since bitcoin is a technology and a currency and a asset. It’s amazingly hard to stop for governments. It’s part of the free market. Create something, fill a need, market it and trade it. Pay taxes on your profits. Bitcoin and decentralized crypto will be around for a long long time cause government can never successfully argue against it.
It’s a different story if we where socialist.
What are your thoughts ?