What's Up Everyone - First and foremost I am not for handouts whatsoever, I just want to toy with this idea a bit. The reality of the situation in the U.S. is we are living in a system with the Democrats who lean toward socialism and the Republicans who lean free market (this is an overgeneralization).
My question If we did elect a democratic or a socialist and we were on a Bitcoin standard, how would that work out? Would they take up a large position in Bitcoin (say 5,000 or 10,000 Bitcoin) and distribute the satoshis evenly to the population of the country?
Of course, this would drive up the price of Bitcoin, but what issues would you foresee if this were to happen? Do you think society on a bitcoin standard will naturally flow more socialist, free market capitalism or depending on the winds of politics at the time?
This concept fascinates me - because I can guarantee everyone, that just because Bitcoin becomes the standard of the world - doesn't necessarily mean that socialist ideology and politicians will go away. It begs the question, how would the bitcoin standard work with socialism?