I know this will roughen up a few feathers, but so be it, I will still speak my mind.
Reality is that Capitalism is an exploitative type of Economic System In this video I explain why. Anyone that still thinks that Capitalism is great and shit, is either on the side of receiving end (being a Capitalist themselves) or is still in a good paying job, so they have not yet felt the harsh reality of this system as many other people have.
I have said before and I have said it again, Bitcoin mining PoW is not a Capitalist system because the miners are workers and they get rewarded 100% of their work they put in into mining. It means the miner gets 100% reward for its productivity of mining Bitcoin. Capitalist system only rewards you a small portion of your productivity and is not what is happening with Bitcoin mining PoW system... so anyone that says that Bitcoin is Capitalist system, is simply wrong.
Further more, as I said, only the each individual mining farm / pool can be either of 3, it can be Capitalist, it can be State Capitalist and it can be Communist type business, depending who runs and who owns each individual mining farm / pool... but the overall mining PoW system is not a Capitalist one, it is Communist one.
That's it, like or hate my rant, I don't really care any more... I am sick and tired of trying to make sense and logic into people, most people just don't get it... and maybe never will.
EDIT:
To those of you who have difficulty accepting the reality of Capitalist system, please check out what professor of economics, that studied economics in 3 top schools (private schools) has to say about capitalism:
This is his channel, I recommend you listen to him a bit, he understands what is going on with capitalism, and guess what, these top schools did not teach him any of these thins, he figured it out on his own, same way I did.
So don't rely on these definitions that you get in capitalist society, as they are all flawed same as many things that US government have lied about (which is proven to be a lie), they don't want its people to know the reality... Americans are one of the most brainwashed people in the world, and that is not a joke or exaggeration.
Your "educational" system doesn't want you to be educated, they only train you for a job, to be a servant to the capitalist, to get employed by them and then be a good obeying worker your whole life, that is, until the capitalist doesn't need you any more (for example when capitalist from US moves its factories to China to get cheaper labor and doesn't give a shit that American are out of jobs).
 

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Kudos to you for having the balls to speak out about Capitalism! It is bullshit the society we live in right now. I look at Bitcoin Cash as an equalizer, making it possible for people to create and own their own wealth without the Financial Capitalists skimming off the top and speculating on our savings.
I have to disagree with you on one point though, the PoW mining system is inherently Capitalist. Mining pools do basically have to compete in order to update the blockchain and collect the newly minted Bitcoins. Since mining requires specialized hardware these days, only Capitalists with large server farms can provide enough hashrate for mining to be profitable. The rest of us have no choice but to either lose out or use Cloud Mining where you only get a small portion of the newly minted coins while the owners get richer.
Does Bitcoin Mining have to be Capitalist? No. There are ways in which it could be made Communist, either by changing the algorithm or by cooperating into one giant mining pool where every user can join in. But that is not what's happening here. Other than the mining though, BCH is very empowering in a cruel Capitalist world. I think the implications are still yet to be discovered. Thanks for the great post and video!
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Kellyn, thanks for your comment. I have to ask, don't you think there already exists ability for normal person like you or me, that don't have or don't want to have large mining farm, to join some existing pool already? Aren't there already Bitcoin.com and Via.BTC and few others that offer this exact thing? You hire their miners, so you don't have to have the technical knowledge to do it, they manage it for you and of course charge a fee for this service (which I have no problems with).
I agree that little guys cannot compete with massive mining farms, but the mining system itself is still a fair system in my honest opinion as it rewards proportionally to how much hashing power you provide to the overall mining ecosystem.
To me this still looks very much like communist type system which rewards those that do the work. The competitive nature is natural, I think this exist in every system, but it is not forced. You don't have to mine if you don't want to, I thought about it while back, but thought to myself its too much hassle (which it is), so while miners compete, they do so fairly.
I understand that each mining farm/pool is something else, and can be either of the systems, depending what people that run it do, how they are organised and so on but the overall PoW is, I still think, not capitalist.
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On your closing comment. You do realise that outsourcing jobs are caused by minimum wage and taxes. Something socialist politicians put in. The companies have to outsource to stay competitive.
Any person can mine. The percentage of profit is the same if you have 1 or a 1000 miners. Do you have the balls to invest 2 million dollars in 1000 miners. Even if you had the money most communists won't take the risk.
Once somebody does. Capitalists praise him and ask to invest while communist say "where is my share?".
Winners focus on winning losers focus on winners.


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Yeah, I see your point there. Maybe mining is more Socialist because the mining pools could be seen as cooperatives and there's nothing wrong with multiple cooperatives competing with each other, so long as individuals aren't forced to compete with each other. And who says coops can't be funded with BCH? In fact I say they should be! I personally would like to see a world where solopreneurs and cooperatives dominate and that rich jerks that own everything are thing of the past. Could BCH be the key to make that a reality? I don't know but BCH certainly gives me hope as it's a better economy in my opinion than current fiat based ones.
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@thanatos
"You do realise that outsourcing jobs are caused by minimum wage and taxes"
since when?
Outsourcing is done so to not have to provide full time workers the full benefits, and to have cheaper temporary contractors do the same job while they are needed.
"Something socialist politicians put in. The companies have to outsource to stay competitive"
Since when do politicians (let alone Socialist ones) tell business owners how they should run their business? What the hell are you on about? You clearly have no idea what Socialism is, and FYI it is nothing to do with how a business should be run, so it has not to do with economic system, but rather a politician set of ideas, of what the government should be doing to provide its citizens common services that every person deserves... and it has nothing to do with how a business is run, even less so how a capitalist business should be run.
Your comment just proves yet again, that people in western capitalist society are very much brainwashed, guess what, if you actually had Socialist government, they would make laws that would protect its citizens from being dumped by the capitalists when the capitalist wants to move its factories to China or some other 3rd world country.
The fact that your government doesn't do jack shit about it proves that they are anything but Socialist, your (US) government is as pro-capitalist as it gets.
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@Kellyn
BCH is definitely better money and monetary system, which is why I am fond of it and supporting it. I would love to see the world switch away from central banks (especially the private central banks as they are the worst of all capitalist businesses, like the US FED) and start using Bitcoin Cash... this would help society step in the right direction, and then I would hope people would also wake up to the fact that capitalist economic system is also shit as it only works for the capitalists, and this cannot keep going the way it did for the past 2 centuries or so... we need a better economic system, one that works for the majority of people, not just for the rich.
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Lol I think I get what the problem is now... You gave a long rant but never provided a solution. Or did I just miss it?
EX: A farmer worked blood sweat and tears, to produce the best quality eggs (and cheaper too). He's bound to get rich. People will flock for his eggs.
As demand rises, his business needs to grow. Buy more land, chickens, coops and hire more workers. He owns all the risk. If the farm burns down, his workers will find work elsewhere while he gets screwed.
How do u make it fair? Do u stop/censor the farmer's growth?
PS. not arguing, Im actually open to a better solution.

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@8888
Your problem is that you still see Capitalism as this propaganda narrative that it creates free markets, this is not true at all.
You also fail to see that I do provide better solution to this economic system, its called communism or you can take a slight modern variation of it called Worker Co-ops, I even explain how it works.
Don't give me that notion that capitalist takes all the risk, the risk is only great at the beginning of opening a business, once its established and has grown that risk is pretty much gone and only risk from then on which can make the business work bad is if the capitalist doesn't follow the trends and changes when they occur, due to tech, change in mentality of the people, social structure and few other things.
You, same as every other pro-capitalist still keep ignoring the reality and how the capitalist system actually works, who owns what and who makes decisions, and who gets what and why. These are the things that makes a system good or bad, and same as with Bitcoin, once the working principles are changed the end result changes also... and with Capitalism you and others assume that as the business grows and ends up being a corporation, too big to fail and so on, type of business (and its owners) that end up dictating governments what they are going to do and what path their should drag the society into, you consider that as Crony Capitalism, but reality is that these things are nothing but final end result of the Capitalist system itself.
You cannot just focus on small business and call that real capitalism, and call big business, which had to grow from small business in the first place at some point in the past, as crony capitalism. They are both results of the same economic system, and the only reason some end up being large corporations is because these people have, what you would call "ambition" to grow their business big and powerful, so while you claim ambition is great when that ambition turns into shit, which it has already, then you call it something else and say its bad.
This is same type of hypocrisy that US government and MSM do when they call some nation their ally, when then need them to fight someone else, and when they don't need them any more, and want them changed to put their puppets in there, then they are all of a sudden evil enemy, dictators, and other bullshit propaganda that US government makes.
You cannot have it both ways, Capitalism is either good or bad, you can't call some portion of it as good, and call other as bad. Crony Capitalism is just an excuse to blame something else on the result that Capitalism itself has created, and will always create again given enough time passes by.
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@-ED-
Why dont you move to a communist country? You look very stressed and angry. I don't think being in a capitalist country is good for your well-being.-- honest remark, not sarcasm.
We did the opposite. I was young when dad and grandpa got offered a business venture in another country (Laos). Business was successful. Wasn't long till the communist party took all our businesses away and were forced to flee back to North America.
I was young, but I remember the misery at that time. And grandpa was right, the gov't didnt give a shit about the business, nor did they run it well. 2 years later, the businesses crumbled and went bankrupt; our workers lost jobs.
Communism made my family miserable that's why we moved back to capitalist north america.
You should do the opposite of what we did, and move to a communist country. I think you will be happy there. Again, not sarcasm, just an honest suggestion.
Goodluck to you and your journey!
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@8888
I lived in a society that was close to Communism, I know what its like and what its about. You want to complain how you fled Laos because the people there wanted and achieved to kick out American puppets in their government and you were forced to leave? Why don't you walk in their shoes and ask yourself what right does America have to have its presence and rule in all those nations?
I don't like Capitalism because I am seeing now first hand what it creates, any sane person that is not on the side of the capitalists, would see the same, but also lot of people don't want to face the reality as the harsh truth has't hit them personally yet, but they will once it does.
There are basic flaws in Capitalist system, same as they existed in Monarchies, Slavery and Feudalism, the society, for the most part learned those flaws as they experiences them eventually and then rebelled (which always ended up in violent revolts, wars and revolutions) and Capitalism have the illusion that you are now free, well you are not.
You are free to pick a side you want to be on, you can pick a side of capitalists and try to be like them, fight for your space in capitalist corporate pyramid and fight over dead bodies to get on top (or as far as your "ambition" drives you), or you can settle for being a servant to them, work for them (as you need to have money now to survive in this society, which wasn't needed before, this is also just another human invention, like many others) or if you are lucky, manage to be your own boss and not be shit like the capitalists and have your own business, or if you are a good person, have other people help you and reward them for that by treating them as your equals and partners, which is what we need to strive towards.
All I am saying that Capitalism does not work, there is decades of recorded history which proves that this economic system simply does not work in a way that we can have a good and peaceful society.. and that we should educate ourselves about it, learn the real effects of it, not just see some narrow perspective that capitalists want you to see.
All the wars were created by the rich, poor people do no start wars, monarchs do it, capitalists do it, they do it because they have no empathy, because they are greedy and their "ambition" is such that they don't want to or know how to, stop and say enough is enough, they have all the money in the world that they can't spend in their life time, but they want more, they want greater share, they want to rule over everyone.
That is what this type of system allows to happen, which is why it has happened.
There is saying, which is based on laws or nature and probability that:
"anything that can happen, eventually will happen"
And this is exactly what we are seeing in the world, if the system allows these things to happen, they will eventually happen, so only way to stop these things from happening (starvation, hunger, homelessness, wars and ruling class that controls our, what tare supposed to be democratically elected governments) is to change the system, and adopt one that doesn't allow this to happen.
I am angry, true, I can't help myself
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@-ED-
We are Malay descent lol. We had no connections in the gov whatsoever. Grandpa actually never stepped foot in USA ever. Just so happens that grandpa's business partner married a laosian. Her family had been looking to sell their lands for the last few years. They were happy it finally got sold.
Grandpa actually got offered back the hotel building (not the land, just the building). He went back there to restart the hotel, but a communist nation is terrible for business. I guess he felt for the communists the exact same way you're feeling right now, working in capitalist nation.
We were unhappy in a communist state, so we moved to canada. It's semi socialist now, so I am in the US at the moment building a business. I needed to go to a capitalist system to thrive. Communism or socialism was gonna make me miserable lol.
I like apple, you like oranges. What's wrong for you may be perfect for other people. All you have to do is move to a place you will thrive in.
The problem you have now is, you live in a capitalist nation, where capitalists enjoy it. You are a communist that loses 10-12hrs per day? (including rush hour and lunchbreak..) to a capitalist company, of course you are gonna get stressed out lol.
In all honesty, I really hope you are able to move to a communist workplace soon. Stress will kill us all lol

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@8888
" We were unhappy in a communist state, so we moved to canada. It's semi socialist now, so I am in the US at the moment building a business. I needed to go to a capitalist system to thrive. Communism or socialism was gonna make me miserable lol."
This proves what I am talking about, you cannot do in Socialism and Communism what you can in Capitalism, which is to get rich the way some capitalists do, you can still have good money to live but you can't rich the way you can in Capitalism... and this is exactly why Capitalists hate Socialism and Communism, because same as bankers hate Bitcoin system, Capitalists hate Communism and Socialism, because it is working against their (your) self interest.
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@-ED-
Im not arguing man lol. I believe in options, I believe in free choice. I believe people in the world should have freedom to choose which place they should be in. The whole world cant all be communist, there needs to be a place for capitalism and socialists too. some people love action movies, others people prefer love stories. You can't force them your belief no matter how violent you think action movies are lol. Some people thrive in a socialist system, others in communism or capitalism. Free choice.
I dont hate/judge people for being socialist/communist, I just wish them well, and hope they are finally able to move to a communist/socialist country, so they could be happy. Like I did when I moved to a capitalist country.
I never said I hated it, I just said living in a communist state will make me miserable. But I understand that others love it, so I moved. And living in a capitalist state makes me happy.
I will return to Canada btw, because it's peaceful. Once I get sufficient passive income of course. I will not benefit from canada's socialist programs, but I love the place, so I will return.
Living in a country opposite of your economic beliefs will stress you out man lol. You can't change the economic system of a whole country, so I really do hope you are finally able to move to a communist country in the future.
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@8888
"You can't change the economic system of a whole country"
Well there you go, according to you no system ever changes, or is being replaced with something else, shows how much you understand society. Oh yes, it can be changed, and it will be changed eventually, because when some system doesn't work for the most people, eventually the people make a change... and its been done before, and will be done again. Capitalism is no exception.
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@-ED-
I was referring to you, as a singular person lol. Yeah, if the majority in your country wants to shift to communism, then sure. But I doubt that will happen. If u stay there, I think you will be working for capitalists for the rest of your life.
As for me, i think USA will be capitalist for a very long time. And even if it becomes a totalitarian dictatorship, then I'll simply move to another capitalist nation before that happens. By then, I'll already have lots of resources to easily do so.
Welp, it's been fun. I hope u are finally able to move to a communist country-- it will be less stressful for your well-being. Cheers! PEace!
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