Bitcoin Forum

Resource based economy with profit removed from the equation.

I'd like to see this happen. Anyone know of anything in the works that might make this possible?

What exactly are you trying to outline here? A physical resource based economy is already evident and in use in many parts of the world. Coming down to cryptocurrencies, the blockchain could be considered the main resource, fuelling the working of the system.

Countries that have a lot of mineral resources, then that country will develop very well. Mining mineral resources to enrich the country.Many countries in the world exhausted mineral resources must be imported from other countries, so when the product generated from the resources sold at very high prices.

My question was inspired by watching this:

ZEITGEIST: ADDENDUM | 2008 (HD)
https://www.youtube.com/watch?v=HbvCxMfcKv4

I've actually seen this when it came out 10 years ago. With the latest establishment of the decentralized blockchain, I believe a non-profit resource-based economy is very possible. I find the concept was very inspiring and thought I'd share. There is no reason why this couldn't happen today.

Checkout Jacques fresco work on the Venus Project.  This man was a true visionary.  He was way way ahead of his time.  And with all the fraud and bs that comes with money soon this will be the answer.   I hate that bitcoin was pegged to usd well before it was ready.  It’s basically ruined the concept altogether.  Now I sit back and watch the shit show.  Great to see more coming to the conclusion I had.  Money is no fucking good for humans well being


Anyone else here want to learn something. I mean truly learn something.  Read Jacques book the best that money can’t buy!  This will open your eyes Big time!

Utopian dreams that will never come true.
A bunch of communist and socialist ideas mixed together with some non-sense that would normally get you in a menthal institution.


Yeah, probably one of the most delusional men in history.
He wanted to get as far away from communism as possible that the ended up hugging it.
Project Venus? The utopia where everybody will be happy because we will have everything we want ?

Get real.
For most that might be an utopia but for individuals that actually want to achieve something it's just a farm run by an entity where all the sheep are happy cause they get their bucket of water and hay at fixed hours.

I remember watching all the Zeitgeist movies 10 years ago and being fascinated by it all. I also learned about Jacques Fresco and The Venus Project, slowly I become more aware of game theory and other dynamics and realized how it would most likely not work.


There are still some interesting things to learn from there tho. They claim that "this time would be different" (as opposed to previous iterations of Communism) because of the technological progress. They also claim it's not Communism. Anyway, my point is, it is true that in 100 to 1000 years, most jobs will already be automated, so 99% of people will simply not be necessary. How does capitalism deal with it? I can only see 2 outcomes:

1) Capitalism overlords kill us all, and they control the machines
2) We rebel against Capitalism overlords and get some sort of minimum guaranteed income to cover basic needs

I don't see any other resolution.

Yeah, that's what they were saying 100 years ago also, robots will take all out jobs and yet here we are...

They can claim whatever they want as long as they preach that everyone will be equal, there will be no need for armies or police, there will be no crime because the individual will be happy, you can put lipstick on a pig but....you know.

One more thing.
Why do you use the words "we" (especially since we're talking 100, 1000 years in the future) and you decide we have to fight the "overlords". Who are those "overlords". And why trying to fight against them rather that trying to become one?  ;D

Capitalism existed under different forms throughout our entire human history.
A lot have tried to put labels, definitions, to create the impression it's something new a menace to the human individual, socialist have tried to hide the facts that it existed well beyond the 18th century.

And it will still exist, and the "overlords" will not kill us!

I think what your saying that money isn't good for human beings in definitely true now and days.  Like what was talked about in zeitgeist and especially in the last one (I think it was called "Zeitgeist: Adendum"?) they were talking about humans now and days being able to use the technology we have now to live and live well without ruining the planet.

... Well before we had the technology, I think that using a currency system was a good way to persuade humans to develop a society that we know today.  The opportunity to switch from a "resource based economy" from a "currency based economy" is coming up or already here... but it will be tricky

Most of the extracted minerals are in raw form, they have not been processed. So the product they sell is quite cheap. Great countries have imported minerals and processed them into products and sold them at higher prices

Ah, well this is the definition of the American dream right?  If you were to work hard, you can pull your self up by the bootstraps and become very wealthy and reap what you sew, right? 

It is very clear that the middle income wage gap is increasing quickly and you can't pretend that it is not significantly more difficult to "make it" if you don't have the benefits of being born into a family that has already "made it".  Plus, why should we be still using the same economical system as what our forefathers were using 100, 200+ years ago?  Money is a good way to persuade people to give you goods or provide you service without going through the hassles of trading goats and chicken feed.  With technology how it is and the fact that we will probably be end up being replaceable in *almost* every job by robots, why do we need to persuade anyone to do anything any more?  Humans are becoming obsolete in the job market.

While ideologically this sounds great, there is little incentive to participate in said economy. Profit drives EVERYTHING in this world, especially under corporate models. This scenario could be possible in an economy that includes a basic income.

Not really... I mean, case and point is the project/experiment of Bitcoin.  It's an open sourced project where the community and devs participate in the code base/market/economy and created in a completely altruistic type of way.  I think people will still do things and participate and provide goods and services that they enjoy doing which is a good thing.  Why have jobs out there available for people to slave away at a cash register at McDonalds when there is no need and computers can act as the cash register?  The fact is humans are becoming unemployable due to computers and autmoation making things easier... so why keep an economy intact where things absolutely needed to be done by humans?

Are you talking about a socialist economy? Where everything is focused on welfare Maximization of the citizens of the economy? Which also goes along side the laissez-faire economy? That sort of most likely never exists because if everything is done as per welfare motive, the economy won't survive. Give it a thought and you'll see.

I get what you are saying that a nation trying to become more communist in the way it does business doesn't go well with the global economy because of the fact everyone still adheres to the rules of capitalism... but I think what he is trying to say is what if there was some sort of resolution amongst the big impact nations/unions (US, Russia, China, EU, etc) that will adhere to a more communistic, or better yet, a governance system that hasn't been even tried before that is solely based on all humans trying to live prosperly without work and reliance on automation to solve problems, like what is proposed on the Zeitgeist documentaries.  The question I think might be what type of governance system could make this at all possible.

Actually, there is no need for all countries to develop based on this aspect only. There are other countries which have focused on some other aspect, developed it and are then making good money from it only. No doubt occurrence of precious resources like oil can be exception here. Actually, people have become so much independent on oil that such a country can literally rule the world if they play their cards right. Like some countries are saving it for future.

All the basic human needs have been provided and satisfied by a loving God free of charge and not to be traded again by fellow human beings. Human beings should work together to better manage these resources in order to achieve common prosperity. But the fact that happens now, the goal has been diverted for individual reasons for the sake of increasing profits. Just the same as happens with bitcoin.

This system can be said more able to make economic differences in each individual or a particular group of the others. Because the monetary system will not be able to create a high standard of living for each person. It can be said that the monetary system becomes a barrier to economic progress in responding to the welfare of mankind.

Instinctively someone will compete with others to improve the standard of living by the method of profit.

Profits would be made one way or another unless the resources are extracted by the government itself. Companies would want to recoup their expenses and pay their shareholders. Now assuming that all resource extraction is done by government, what would happen next? Would the government also do all the refining and manufacturing so that no company would make a profit?

All that human needs is provided by God already. What matter is that how human see and use it. There are things also that humans need to share to survive and improve. That is why they learn barter and trade. Thus people from one country trade with the others from other country. And because of human dissatisfactions and greed, some did not see trade as supplementing one another rather they only see their own needs and wants.

In a Resource Based Economy all goods and services are available to all people without the need for means of exchange such as money, credits, barter or any other means. For this to be achieved all resources must be declared as the common heritage of all Earth’s inhabitants. Equipped with the latest scientific and technological marvels mankind could reach extremely high productivity levels and create abundance of resources.

block chain is the resource, its the bases of the economy all economies will have a base resource even crypto currencies i dont understand the topic

Yeah, too bad God forget where he put all this that is needed.

Otherwise I don't understand why people die from hunger, we have to excavate mountains for iron and coal, and we have to cut down forest to make room for farming.
If God would have played a simulator game he would have probably never gone pass the tutorial.

And your last sentence makes absolutely no sense.
If they don't trade that resource is because they need it, why would you leave resources untouched when you can trade them and increase your wealth, especially since you're greedy.


Then why do you post here?


Exactly.
Japan vs Venezuela.
One has no resources but has one of the highest average income the other clings to a resource based economy and it is dirt poor.

Just for everyone who doesn't know what people are referring too with the Venus project/Zeitgeist... this is the relevant part of the documentary of what is being discussed:

https://youtu.be/dlPs10GSJjQ?t=1h30m7s


The only thing that worries me about this is I feel that in order for this to work at all on earth, we must be ready and capable to travel and develop cities on other planets as well.  That's why I'm hoping this whole SpaceX thing pans out.

country's which have mineral resources is a source of wealth for them , God created us and put all what we need on the earth i belief no country without mineral especially Africa country's has differrent kind of resources the only problem they are facing is bad leaders and illiteracy

Firstly, I was reading this comment without reading the main topic or thread name, I was thinking what this person is talking about. Then I came to realized that oh this is totally off the topic thing because I was finding the name of bitcoins or keywords like profit, learning, patience etc. but nothing was there. Yes you are right we have to keep on searching the life styles on other planets as well.

Show me one example of communism that didn’t get outside interference from another govt.  I do believe that putting your citizens before profit is above all!  https://www.quora.com/Is-successful-communism-possible <—yes now that we have blockchain:).

And to those that feel they have to have more than your neighbor.  Why is that?  Have you ever asked yourself that question?  Maybe it’s because we are told to be this way.  Has that ever occurred to you.  If you want to look at what’s dictated on a day to day basis one doesn’t have to look far.  Regulation regulation regulation law after law.  It’s To funny to me all this self imposed nonsense. 

Anyway this is where I see the future is headed.  Like it or not.  To each their own

BR