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0 sats \ 5 replies \ @Slestak_Jack 21 Nov \ on: China Court Declares Bitcoin Private Property news
Is it not private property antithetical to communism? This story, without reading yet, doesn't sound like something to take at face value.
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14 sats \ 4 replies \ @TomK OP 21 Nov
You think You are the owner of Your house or if Your money in Your bank account?
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47 sats \ 2 replies \ @Slestak_Jack 21 Nov
I'm aware. At least on paper in the U.S. there are property rights. Communism is principally about the removal of all property rights.
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0 sats \ 1 reply \ @TomK OP 21 Nov
Correct. What if the CCP uses btc as a liquidity sponge to be able to debase the Yuan faster?
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0 sats \ 0 replies \ @Slestak_Jack 21 Nov
Not a bad thought. What if they are decentralizing their purchasing power thru the millions of wallet addresses called citizens?
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0 sats \ 0 replies \ @Solomonsatoshi 21 Nov
All property 'ownership' is largely dependent upon the states support...
States have developed precisely to uphold and enforce property rights.
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