Capitalism isn't the enemy, it's the state and fiat. When…

Satoshi chose proof of work. Contrary to proof of stake or other governing mechanisms, it’s powered by capitalist mindset that must compete in the open which also prevents it to cheat. That’ll drive everyone who wants to work to prosperity and freedom.

You're not wrong. Blockchains that support second layer tokens also allow for a wide variety of capital definitions, from traditional to otherwise.

This is where the freedom opens up, and it's not incompatible with Satoshi's first level settlement layer.

For instance, let's say you're using tokenization to instrument a smart grid. Does it matter to your smart meter and lightbulb that your token has a monetary value? Or is it more important that it has a kw/hr value?

It's probably surprising to learn, but many AnComs are huge fans of blockchain for this reason.

Word. We just needed a proper scaling on the byzantine fault proof decentralized main contract layer so we can program against it fast and cheap and then we can start to use merkle proofs on the application layers as well. So many open doors here.

Capitalism discourages competition. it's proof-of-stake that's similar to capitalism. You're maybe thinking of free markets. Supporing free markets is orthogonal to supporting capitalism.

Best if your token has it's own intrinsic value for work/info it carries. It is only bound to the monetary value so it can't be cheated.

Capital literally means anything you can use to produce value. Nobody believes there shouldn't be capital at all, that's completely absurd. It's not capital that's the problem, but the ownership of capital by a ruling class that uses it to oppress workers.

Creativity is what drives capitalism, it wants to be free so it must compete and find ways to surprise with solutions in the sense to outperform existing ones. Whereas socialism wants to control, govern everything for optimising and redistributing.

State control is also orthogonal to both of those. There are both anarchist and statist socialists. There are socialist anarchists in favor of markets, and socialist anarchists opposed to markets. Sorry if this is too complex for you. You've been lied to.

Nah, I was on the fundamental level distinction, not even political.
Those are many of many in many, private flavours vs state flavours.

State control is absolutely not orthogonal to either of these. Because humans almost always automatically institute class distinctions in socialist and anarchists systems, they cannot ever be trusted to administer them properly.

Intrinsic value isn't as important as is measurable value. Whether that value is measurable in some fiat abstraction is not necessary.

... that is to say I see them as intertwined, even though capitalism and free markets aren't interchangeable terms.

Upon re-reading, I think you and I are saying similar things in different words, @6368.

It's not capital that's the problem with capitalism. The problem is ownership of capital by a ruling class that use it as a mechanism to demand work while doing literally nothing in return. (Entrepreneurs and managers are doing work but many owners don't!)