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    Author Topic: Why can Bitcoin change human relations of production?  (Read 355 times)
    RainbowKun (OP)
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    July 14, 2021, 10:10:01 AM
    Last edit: July 15, 2021, 07:17:06 AM by RainbowKun
     #1

    When learning Bitcoin and blockchain in the past few years, I usually heard a saying that Bitcoin changed human relations of production and it is a revolution over relations of production.

    What are relations of production? Why can Bitcoin change them? How did that change happen? What effects did that change have on me? Now I want to share my thoughts with your guys on these issues.

    In my opinion, Bitcoin has indeed changed human production relations, including organization structure, business models and the entire society. By the way, some of these changes are caused by Bitcoin, others by blockchain system developed on the basis of Bitcoin. This is my basic logic in learning Bitcoin.

    Relations of production are social relations formed by humans in the process of producing goods and materials. It is a social pattern of the mode of production, and it can be called an economic relationship. Relations of production are the foundation of the existence and development of human society, which contain the relationship among humans in production, exchange, distribution and consumption of goods and materials.

    It might be difficult to understand the concept directly. Take Bitcoin as an example. At present, the main relation of production for humans is the employment system of company. People are hired to serve the company and get paid. People help companies make products and then sell. That is the simplest relationship of production, and the mainstream relationship of production in the current society. Most ordinary people carry out social production under this employment system.

    But economy forged by Bitcoin is completely different. There is no centralized company behind Bitcoin to govern all participants since the entire Bitcoin ecosystem is automatically maintained through a set of public rules. Miners can totally choose whether to take part in mining or not, users can freely trade Bitcoin and actively protect the Bitcoin community. For example, many regular users on Bitcointalk volunteer to contribute to the entire Bitcoin community, they enthusiastically answer the questions of other users. That diverges greatly from the relations of production of the company system mentioned earlier.

    So, Bitcoin has completely changed the relations of production. It has also changed the way people participate in the operation of the world economy, especially the way of resource  gets allocated. In the last two decades, the fast development of science and technology in human society, particularly the prosperity of the Internet and artificial intelligence, has changed all aspects of human society. However, all of those belong to the category of productivity, not relations of production. The progress of human productivity made in the past 20 years may have well exceeded the sum of that in the past 5000 years. But the relations of production in human society have not changed much for nearly five centuries until 2009 when Satoshi Nakamoto created Bitcoin and extended blockchain technology based on it. A new kind of relation of production has finally emerged in human society.

    Artificial intelligence advances productivity, while Bitcoin and blockchain change production relations to make the world fairer and more transparent. As I see it, the impact of Bitcoin is no less than that of the Renaissance and the Enlightenment on the entire human society after the 14th century, and it is more far-reaching. The Renaissance and the Enlightenment are merely the revolution of thought. Whereas Bitcoin is not only a change of thought, but a way to guarantee the realization of consensus through technology and mathematical algorithms.

    Bitcoin is the first to adopt technology and algorithms to agree on relations of production in human history. The development of Bitcoin ahead will certainly go beyond human imagination. It will have tremendously profound impact on the economy, organizational form, culture, social relations, and technological development of human society.

    That’s how human relations of production are changed by Bitcoin and the reason why I believe in Satoshi Nakamoto and Bitcoin. What do you think?

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