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Title: Are there communist cryptocurrencies? Post by: prettybuds on May 16, 2016, 12:21:08 PM Are there any cryptocurrencies that are built on the principles of Communism, be it intentionally or unintentionally?
Title: Re: Are there communist cryptocurrencies? Post by: 2c0de on May 16, 2016, 12:28:54 PM I think all currencies that use Proof of Work can be considered communistic. In communism, a worker deserves to pay and owns factories, power plants and the mines.
Work itself is rewarded. Title: Re: Are there communist cryptocurrencies? Post by: r0ach on May 16, 2016, 12:31:39 PM Don't forget Vitalik is a radical socialist that claims Bitcoin is a "transition technology" because capitalism itself will go away due to being inherently inefficient. Here's a 4 minute Kool-aid drinking video of him overjoyed at the idea of being imprisoned inside an authoritarian state as his smart car pod drives him around while being deducted micropayments to be allowed freedom of travel. http://youtu.be/i5VVmTI9F9s?t=168 The fact that we all know Ethereum was created solely to be a money grab scheme and not a decentralized currency with both an IPO and "founder allocation" on top of that (cash + coins to dump for more cash), makes this video even more obscene. He's embracing radical socialism as a means of increased efficiency (everyone on earth being dead is also energy efficient) and says money won't be important, but he sure as hell wants as much of your cash as he can get his hands on right now! Title: Re: Are there communist cryptocurrencies? Post by: somacoin on May 16, 2016, 12:33:19 PM Monero = Communism. Title: Re: Are there communist cryptocurrencies? Post by: TentacleMan on May 16, 2016, 12:38:51 PM I haven't done any research but I find the idea interesting. A communist coin could be mined through a pool only and each participant would get a monthly share of all coins produced, regardless of hashingpower provided. There would be no reward for extra work.
Title: Re: Are there communist cryptocurrencies? Post by: miguelik on May 16, 2016, 12:45:33 PM I haven't done any research but I find the idea interesting. A communist coin could be mined through a pool only and each participant would get a monthly share of all coins produced, regardless of hashingpower provided. There would be no reward for extra work. Then there Would be no coin, i would just join the pool with 1kh/s. And nobody would put more in it-->51% attack --> bye bye --> think before talking pls Title: Re: Are there communist cryptocurrencies? Post by: tokeweed on May 16, 2016, 12:59:01 PM Are there any cryptocurrencies that are built on the principles of Communism, be it intentionally or unintentionally? Ask DE. ;D Title: Re: Are there communist cryptocurrencies? Post by: TentacleMan on May 16, 2016, 01:00:13 PM I haven't done any research but I find the idea interesting. A communist coin could be mined through a pool only and each participant would get a monthly share of all coins produced, regardless of hashingpower provided. There would be no reward for extra work. Then there Would be no coin, i would just join the pool with 1kh/s. And nobody would put more in it-->51% attack --> bye bye --> think before talking pls There would be exactly as much of a coin as the lazy bum participants would put in in the form of work. You can't discuss a communist project using capitalist thinking :D And the 51% problem is valid for a lot of unpopular coins. Title: Re: Are there communist cryptocurrencies? Post by: Laniakea on May 16, 2016, 03:18:15 PM Title: Re: Are there communist cryptocurrencies? Post by: Nxtblg on May 16, 2016, 03:21:13 PM Are there any cryptocurrencies that are built on the principles of Communism, be it intentionally or unintentionally? Well...there were some who approached that in the "Free and Fair Distribution" fad ~2 years ago. But there weren't any "higher ideals" involved. ;) Title: Re: Are there communist cryptocurrencies? Post by: robelneo on May 16, 2016, 03:49:15 PM young bow is http://www.ybcoin.com/ China is communist I think this one satisfy your answer I would not want to get involve here not because of it's ideal it's very local I think it's Chinese targeted currency,if one coin originated to a communist country and target their people as investors then we can safely say it's a communist one.. Title: Re: Are there communist cryptocurrencies? Post by: fortunecrypto on May 16, 2016, 05:02:39 PM I think all currencies that use Proof of Work can be considered communistic. In communism, a worker deserves to pay and owns factories, power plants and the mines. If this is true then Satoshi Nakamoto has a communist mind and so are the other developer who have created proof of work coins,there are so many of them I think majority..Work itself is rewarded. Title: Re: Are there communist cryptocurrencies? Post by: TentacleMan on May 17, 2016, 01:05:29 PM young bow is http://www.ybcoin.com/ China is communist I think this one satisfy your answer I would not want to get involve here not because of it's ideal it's very local I think it's Chinese targeted currency,if one coin originated to a communist country and target their people as investors then we can safely say it's a communist one.. It depends on your definition of communism I guess, China has both a stock exchange and venture capital these days so I'd say it's capitalism that makes the wheels spin in China, even if it's a firmly regulated sort. Title: Re: Are there communist cryptocurrencies? Post by: evergrow on May 17, 2016, 01:26:48 PM He's referring to a user that goes by the name DecentralizedEconomics in this forum. That user is not very popular. Title: Re: Are there communist cryptocurrencies? Post by: x13 on May 17, 2016, 01:32:40 PM I am not really sure what your definition for communist cryptocurrencies are, but I guess Freicoin is one of the coin which could be interesting for. It is designed this way, that is has to be spent, otherwise the coin loses value.
Title: Re: Are there communist cryptocurrencies? Post by: alyssa85 on May 17, 2016, 02:10:40 PM There are some socialist coins in that they are designed to reward people doing charity. See Hullcoin:
http://www.coindesk.com/hullcoin-worlds-first-local-government-cryptocurrency/ Title: Re: Are there communist cryptocurrencies? Post by: MicroGuy on May 17, 2016, 02:16:59 PM Interesting question. But I'm not sure if an inanimate protocol or software application can have a political ideology.
~~ Title: Re: Are there communist cryptocurrencies? Post by: prettybuds on May 17, 2016, 02:21:11 PM Interesting question. But I'm not sure if an inanimate protocol or software application can have a political ideology. ~~ Are there any cryptocurrencies that are built on the principles of Communism, be it intentionally or unintentionally? Title: Re: Are there communist cryptocurrencies? Post by: BitcoinNational on May 17, 2016, 02:21:20 PM commieCoins
all addressees will be alloted 1000 commieCoins if you spend all or any commieCoins you will be rewarded the amount spent if you save any surplus commieCoins you will be deducted the amount saved, and will serve 3 winters in the the Gulag as punishment! ;D --- in (some) seriousness DVC ... devcoin ... gives 5% or reward to miners and the rest to a foundation ... so is thus like a state controlled collective ... and it has done wonders for the 'dev'opment of the coin ... just kidding ... rather stagnant from what I can tell can ... also seems highly controlled by an inner circle that has milked the cow for all she's worth. FRC ... friecoin ... similar scheme ... a foundation is granted most of the reward ... fairly obscure community ... don't know where it is mined nor traded ... but has fair capital rankings ... what a lovely potemkin village it must be. |