by Ramin Mazaheri
I can easily prove the leftist utility of bitcoins by relating one question I commonly hear: “Ramin, can you please take this medicine to my family the next time you visit Iran?”
The US produces more than half of all new medicines, but there is an embargo on Iran (and Cuba, Venezuela, Syria, etc.): With bitcoins, Iranians can circumvent these criminal, terroristic restrictions and get medicines which sick people are being cruelly denied.
So I see that bitcoins can save lives. Today.
Iran needs medicine, Cuba needs concrete, Venezuela needs toilet paper – bitcoins can be used for all these things…IF the left would immediately get involved with them.
One thing is absolutely, undeniably clear about bitcoins: The market is absolutely exploding for them in a way absolutely unseen in any field since the dot-com boom.
This process began in April, and it is fascinating. The mainstream media has only just picked up on this fact.
That means the average person is totally unaware of the technological and philosophical innovation/revolution which supports bitcoins: technically, it’s the Nakamoto consensus (a distributed consensus algorithm), but the marketing phrase is “block chain technology”.
And crucially for the future success of bitcoins: Leftists have no idea what heck is going on.
I think bitcoins could be the biggest financial weapon seen in ages to contest capitalism. Therefore, if the left cedes this current formational period of cryptocurrency to the right, or to individualistic libertarianism, it will be an enormous setback for society, socialism and anti-imperialism.
But you won’t read that in Western mainstream media – you only hear about making money with bitcoins. To be fair, that has been incredibly newsworthy as well.