Bitcoin Forum

If Communists came to power all over the planet, would they be bitcoin alone or not?

A mistake in my question. Right below

If the Communists came to power on the whole planet, WOULD be BANNED if they bitcoin or NOT?

Do not think this would be your biggest worry if that scenario came to be.

If communist came to power it wouldn't matter if you had 1 million bitcoin or none, your funds would be confiscated and you would be put to work like the rest of the 'commoners'.

You have very good humor))

Communists would never use bitcoin or any decentralized currency if they came to power.

Simply because it would give people power. Bitcoin is decentralized, which means the central communist government can't control it fully. That said, they would be afraid of it and outright ban it.

Being decentralized, bitcoin could go against the communists' agenda at certain points by allowing people to bypass certain flash laws and other regulations in place at the time.

For example, if there's a ban on buying pigs, people could bypass that ban by trading with bitcoin.

And if the communist party wanted to spike the price of their currency, they couldn't very well manipulate the price of bitcoin because it's decentralized.

But in reality, if what you're talking about is a true communist world, then there would be no need for bitcoin or money. The definition of communism doesn't allow for money because everyone exchanges services and goods freely. Everything is equal and distributed equally. But true communism never happens.

But in the existing communist countries of the past, they took their currencies and brainwashed their citizens to devalue them. People didn't think much about money except that it's a form of note that you need to buy and sell things. The governments actively promoted the valuation of social interaction and culture over trying to amass wealth via money. This way, people would care less about creating financial inequality and would care more about lending to the communist society.

Can Bitcoin do that? No. Bitcoin engenders a natural instinct to hoard it, to amass it. The price of bitcoin spikes and falls such that a communist citizen would have to worry about its value.

So no, communists won't use bitcoin

I lived in the Soviet Union, and we had a wonderful time. We didn't work as commoners.

Yeah, no. I'm pretty sure all the citizens of the Soviet Union weren't having "a wonderful time." you were either on the inside, some kind of supervisor, or just plain lucky.

haha a funny question, if the communists came to power, we would not have anything since they have outdated views, and they would not have taken bitcoin for people.

you are a strange! I lived in the Soviet Union. There passed my childhood, I went to school, grew up. I was breathing Soviet air. And you did not live and not know. And at the same time trying to convince me on the basis of what you have hammered into your head through the TV. It's outrageous. My parents were simple workers and not superiors. And after the collapse of the Soviet Union, we became poor. And many Soviet scientists, doctors, teachers also became beggars.

communism is completely a centralized logic and if they came up the btc would not have any worth even if it would have everyone besides the person in charge would have the same amount.

Communism has failed before and only some idiots government like North Korea support it. In real communism the economy is centralized and the state takes cares of all afairs. Communism in theory is looking good and a very nice idea but the reality told us it cannot be implemented in real daily life. I don't believe communism will ever come to power because everyone can see communist countries history, their murders, their imprisonment of their citizines if they talk against the system.

In an imaginary scenario if they come to power they will shut down internet and this way also bitcoin.

I am sure, you want to ask, If the Communists come to power on the whole planet, WOULD they ban bitcoin or not?

I think yes! Communism is built on the idea of strict centralization and Bitcoin is directly opposing that idea of centralization. So probably they would want to ban it.

But again, not all communists are same and a lot depends on the person who is holding the power. While we have seen communist countries like China and North Korea, we have also seen another communist county like Russia. So over generalization of communism is not a good idea.

if there is internet, there is bitcoin, whoever, communist or capitalist

ou speak the language of the TV. Rather, what you were inspired by your governments through TV and the Internet is pouring out of you. You have no independent critical thinking. You didn't live in a Communist country. I live in Russia. Our people live much worse than we were in the Soviet Union. In the USSR, we could get free education,medicine, choose the profession to which we have the ability and desire. If we talk about centralization, communism was supposed to give it up. If you're interested, try to figure it out yourself, not be a puppet in the hands of your government

I'm sure the US really does have lots of propaganda against communism and Russia. The two countries were heated enemies.

But i'm still not convinced that your experience in the Soviet Union was everyone's general experience... i would need to do more research to see :)

If the world is already united by a country, then I think that Bitcoin may not exist or that it is difficult to exist. A unified will will cause many things to change. If the rulers do not agree, then the world will be completely banned.

But it's hard to happen in this world, and I understand and the communists will be alone because it's not good to happen.

if you put away your fox news perception of communism.. and instead if a nerd. the reality of communism boils down to.. well simply.. star trek

if not a nerd it boils down to.. having a family
in short, no matter what you do as a job, your efforts are shared out with those around you based on need

fox news tries to present it as if there are some rich thugs that steal everyones money/property and that people are left with nothing while some rich guy gets richer. this is not the case.

the reality is that housing becomes 0 value. and who gets a house is based on their need. for instance. a single person gets a one bedroom apartment and a person with 10 kids gets a multi bedroom house.

this means you will NOT find a billionaire single person with a 20 bedroom mansion, nor would you find a person homeless on the streets.. as everyone would be treated based on their need, not on what job title they have

i personally am not a capitalist/communist mindset. im more of a socialism/libertarian..
but i do love how many portray communism when infact what they are actually are describing is capitalism

wealth hoarding is capitalism.. so while capitalists wanted to go to russia, do business and get rich, they soon found out if they did go to russia all their hard work had to be shared. which the capitalists did not like to be part of.. thus started the propaganda of making communism sound like people were getting robbed and rich people were getting rich. when infact its captialism that takes things off people but doesnt fairly share it out

now with that said..
lets look at how a crypto currency would develop in a communism situation

imagine each houses rent was based on number of bedrooms(nothing more nothing less) school costs were based on number of pupils
EG (pp/w=per person per week) note ill use this weeks average btc price
bedroom 0.01btc pp/w(~$80),
food 0.005btc pp/w(~$40)
school 0.002 pp/w(~$16)

note: things like bedrooms for a couple would be double because two "single" bedrooms would be bolted together to make physical room for a kingsize bed for the kinky couple to roll around in (i presume some knitpickers would argue couples dont deserve double rent)

here is how a crypto currency would work for (easy understanding) 7 families with a total of 27 people
1) single person gets 0.015btc
2) single person with 1 child gets 0.032btc
3) single person with 3 children gets 0.066btc
4) single person with 5 children gets 0.1btc
5) a married couple gets 0.03btc
6) married couple with 3 children gets 0.081btc
7) married couple with 5 children gets 0.115btc
(total 0.439btc)

and this would be where each household has a ASIC miner and they all are running it. and the block rewards are 0.439 a week that get pooled and then shared out in the amounts shown above
the algo is set that if a new family wanted to move to the communist neighbourhood, their PoN(Proof of Need) will be set and the block reward would increase to cover the neighbourhoods new higher requirement

8 ) married couple 1 child 0.047btc
new weekly block reward 0.486btc for neighbourhood

where there is no person owning the blockchain. no person getting more than a fair share and no thieving is occuring

There is no connection between communism and cryptocurrency but if you will ask my opinion they will not stick to cryptocurrency. Communists would like to have total and absolute control over the treasury and they dont want people to be looking at their transactions just like what blockchain technology has. So instead of cryptopcurrency they will use fiat currency wherein they have total control over production.

your thinking of capitalists..

Without a doubt not everyone will have lived a great life, in every country there are the poor and the wealthy, if it's communist or not. Those people close to the government and power would have favorable situations compared to others. This is not unique to the soviet union.

LOL. Are you serious? I mean, first of all, communist will never take the planet, Secondly, it seems to me, they will be the first people, who will support blockchain and cryptocurrency as their new money. Just a thought.

 ;) ;) If communists come to power, they can also approve bitcoin. So do not believe in God.  ;) ;)

People didn't think much about money except that it's a form of note that you need to buy and sell things. The governments actively promoted the valuation of social interaction and culture over trying to amass wealth via money. A unified will will cause many things to change.