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Any news yet? Has the project died?
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You have to start from P2P liberalism, then convert it into P2P Socialism. These steps are necessary to reach P2P Communism.  Yes, that's where I'm coming from. I'm interested in the way that P2P money can subvert big capital and big state, and whether that liberating movement will take us to a situation where that which is naturally common to us all is held in common. |
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The whole announcement thing was BS and it seems like this 19 year old doesn't really know which directions he's going. Is it POW or is it POS?
This is exactly the open minded, flexible attitude that makes me want to invest in Ethereum. |
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cryptocurrencies were designed so that inflation is NOT present as it is the root of all evil.
its not much different if the central bank prints money or ghash.io mines ethereum. its just a decision that devaluates your money.
At some point in the future, the rate of coins being mined will equal the rate of coins being lost. That's more like currency maintenance than inflation. |
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I will be investing in this as well. Not because of the possible return on the coins (though I suspect that will still be substantial), and not even because of the initially proposed technology (which, as someone pointed out, is similar to some other coins out there), but because of the team involved.
+1 |
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To be specific, in communism everything belongs to the state, so I guess it remains in open question whether or not a communist state would take peoples money from them when it wanted too, but yeah that's actually a quote from Margaret Thatcher but I wonder if he even knew that  . In Communism there is no state |
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I am fine with voluntary communism in things such as communes and community property. It is when force comes into the equation that it becomes perverted.
It is not as simple as you think. Imagine what will be the case if you are unable to own a house. You will have to shift to new residence every then and now. Things like these are enormously irritating. House ownership doesn't guarantee anything. Governments can force you to sell if some capitalist wants to build a train line through your property or develop new property. I think that in any humane society, leaving you to live in peace where you live would be one of the priorities. |
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Great! Do you ship to the UK? Would be nice to have prices in GBP
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Resources are not equally distributed in Nature thus inequality in energy access is what fuels Evolution. Even if all humans had zero capital (tools, no mean of production, industry, bank, etc) we all have capabilities that are different from each other. This creates in itself inequalities.
Yes we're all different. Not sure how you would measure inequality. If you're a really kind person supporting the people around you, perhaps the people around you will give you energy, and you will be part of the evolution. |
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I am fine with voluntary communism in things such as communes and community property. It is when force comes into the equation that it becomes perverted.
In a sense, the Bitcoin network is common property that we're all contributing to in various ways. And I think that comes as much from a collective impulse as it does from the impulse for individual gain. |
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Communism itself is a failed ideoogy. And he now launches the P2P communism. The trouble with communism is that eventually you run out of other people's money.
I thought communism was moneyless That sounds like socialism what you're referring to. +1 |
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Depends what you mean by Communism. As I understand classic Marxism, Communism itself is stateless.
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Loved the discussion in the second half, especially the concept of venture communism.
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Erik said this is a "massive experiment to see if we can privatize money"
Actually, I wonder if it's better is to characterize it as truly public money beyond government.
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Absolutely incredible! Would love to see these being used by the news channels.
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After the price reaches a certain level, I'll start spending a little every now and again.
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Looks like the market didn't fall for it this time, except for a small blip at the start
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If a government really wanted to bring down Bitcoin, wouldn't the easiest way be to just get lots of ASIC miners?
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