A little embarrassing…but before becoming a socialist, I briefly got into cryptocurrency 🤮. I had staked (locked up) some crypto on Coinbase and they kept extending the period before I could sell it.
Well, they finally let me sell it and now I don’t have any crypto. One positive about this experience…I doubt I’ll ever get scammed again.
I’ve been thinking about the “work certificates” thing that Marx proposes for abolishing money when achieving communism, and one way to do that right could be through a blockchain-type thing, in order to perfectly calculate the certificate’s value based on the work performed, then make them nontransferable and forge-proof. So the tech could be useful by then. Correct me if I’m wrong on the work certificates thing though.
100% agree. There is a lot to be said for a massively complex and dynamic ledger system that is open to outside examination.