0 sats \ 1 reply \ @ealvar26 27 Jan \ parent \ on: Bitcoiner and Socialist bitcoin
This is an interesting question. Probably a state that is restricted enough to be considered socialist will never "work" in the long run imo.
But I can't see why it wouldn't be theoretically possible? Right I mean they just couldn't print money but that isn't a core definition of socialism.
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0 sats \ 0 replies \ @TheBTCManual 27 Jan
Yes in theory and for a short period of time it is possible, before the money dries up, the government would also need to compete with private options, which isn't going to be easy either, so they would need to pick their battles and maybe that makes for a smaller healthier entity that focuses on things private markets in that country have yet to figure out
But I think you'd really need the buy-in from the citizens which I don't think is possible
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