Would a bitcoin currency collapse an Anarcho Communist economy?

Question

Would a bitcoin currency collapse an Anarcho Communist economy?

Answer 1

The only way a Bitcoin currency would collapse is if it was proved that the encryption behind it could be cracked realtime. And bitcoin IS an Anarcho Communist economy. Because it is the only real currency that is not government(any government) owned or backed.

Answer 2

It will collapse any economy under the fixed quantity bitcoin model, because it will always be deflationary. If an economy grows, there will be a fixed amount of currency chasing more goods and services leading to a falling general price level. Deflation destroys investment and consumption.

Answer 3

Bitcoin currency can collapse in any economy

Answer 4

Anarcho Communist economy - how does that work again?



Oh that's right, it doesn't.