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## Hodling Bitcoin does not make you a capitalist I've noticed that Bitcoin-mindedness seems to lead some people to communistic thinking because it's a hard-limited form of capital. Marx, like most Bitcoiners, heavily discounted the possibility of economic growth or transformation changing the economy enough to undermine some minority's control of some form of capital. What few today understand, is that many of the Dirty Capitalists of Marx's era actually agreed with him; they were just disdainful of labor and worried that the workers finding out that Marxism is correct about the nature of capitalism would cause unrest. They were the original HFSP crowd. This was the basic idea, that Marx had, and that many Bitcoiners would agree with: > Capital is strictly limited and the people that control it can keep labor from attaining any, except when their labor is necessary. And, as we know, automation will make human labor increasingly unnecessary. ## The math doesn't check out  That underlies all of the calculations of "Well, if I just grab this Bitcoin wallet and hodl for twenty years, then it will grow in value to equal half of everything in existence and then I can just buy up half the planet and rule over everyone like a god." This is economic nonsense because it assumes that: 1) the value of all things remains static over time, 2) purchasing something with money gives you ownership of it, 3) people will always use that specific money (or any money, at all!) for all transactions, 4) there is no such thing as opportunity cost, 5) people will always value money more than any other thing, and therefore be willing to always trade it for anything else, 6) humans are passive, defenseless, and easy to rule over, 7) someone who is preoccupied with hodling an asset steadily and sharply rising in price would ever be emotionally ready to part with it. ## All monies can die. People use money for everything because it is easy, fast and cheap. If money becomes too precious or scarce, they will simply switch to using other things (as we saw with gold). Humans replace tools that aren't working well, with those that work better, and money is just another tool. Bitcoin is more divisible than gold, but that won't matter, if enough of it is held by too few. This is why there's a natural cap on the price of a money and why human productivity _in the here and now_ is not irrelevant or in vain.