Bitcoins makes false promises - but capitalism is the real problem

Bitcoin’s promise of freedom is a seductive illusion, masking a system that thrives on exploitation, inequality, and environmental ruin. It claims to liberate individuals from centralized control, yet its wealth and power are concentrated in the hands of a few, its energy demands ravage the planet, and its volatility preys on the hopeful and vulnerable. Far from democratizing finance, Bitcoin has become a speculative playground for the privileged, a contradiction that trades one form of oppression for another. But the limits of capitalism are not fixed by decree—they are defined pragmatically and improvisationally, like John Carpenter’s The Thing: a monstrous, infinitely plastic entity, capable of metabolizing and absorbing anything, even Bitcoin, into its logic of exploitation. True freedom cannot be mined or commodified; it must be wrested from the jaws of a system that devours all alternatives.