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Curious what you mean by "need for capitalism". Do you mean the need of energy or do you mean the need for capitalism? And how do you personally define "capitalism". What does it mean to you I mean.
I mean the need for capitalism as an organizing principle of economic activity that is based on the concept of private property and historically unfolds towards excessive distances between haves and have nots.
Ultra low cost energy could really disrupt this economic system if much of people's needs are provided (eg star trek replicator), not to mention societal organization and the perception of needing money in the way we think of it.
Wait what.
When did progessive become synonymous with "left"? Most (kind of all if I think about it) progressive that I know irl are centrists, neoliberals or miscellaneous politically unaffiliated. But definitely not wanting "eliminate a pressing need for capitalism". That's like actually crazy outside of terminally online people
You are retarded. Stop saying near-free energy, you absolute fucking moron. You want me to explain? -- no, that is left as an exercise for you, dear reader, because I know you can chose to not be a fucking idiot, and I believe in you. Use the power of Satoshi. Know the truth. 💜🫂
"Eliminate capitalism". Goddamn "man", what the actual fuck is wrong with you?! 🖕
as a progressive I see bitcoin as a fast track to near-free energy which could eliminate a pressing need for capitalism in the long run
I don't see any other plausible way there proposed by anyone on the left, could be ignorant, though