Communism and bitcoin may not immediately seem to have much in common. However, if you take a closer look at Karl Marx, it could help you to better understand bitcoin and Blockchain technology.

One thing that Satoshi Nakamoto, the creator of bitcoin, has in common with Marx is a desire to remove centralisation and to create a stateless system. While Marx believed this could only be achieved by revolution, Nakamoto aimed to create a non-violent revolution that would disrupt the current global financial system which is controlled by central banks.

 When Marx invented communism, he didn\'t foresee that a political system which was supposed to free people would eventually lead to their oppression. In a similar way, when Nakamoto created Bitcoin technology, he envisioned that it would kick-start a global peer-to-peer network which would allow people to make financial transactions without the need to rely on an institution, such as a bank or a credit card. However, because of problems with scaling, which have led to high fees and long transaction times, it is becoming increasingly difficult to use bitcoin in this way. As a result, bitcoin now acts as a store of value, much like precious metals such as gold and silver.