Are there communist cryptocurrencies?

[prettybuds]

Are there any cryptocurrencies that are built on the principles of Communism, be it intentionally or unintentionally?

[2c0de]

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.

[r0ach]

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!

[somacoin]

Monero = Communism.

[TentacleMan]

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.

[miguelik]

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

[tokeweed]

Are there any cryptocurrencies that are built on the principles of Communism, be it intentionally or unintentionally?

Ask DE. 

[TentacleMan]

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 And the 51% problem is valid for a lot of unpopular coins.

[Laniakea]

Ask DE.  

Hey toke! What does this mean? Delaware?

[Nxtblg]

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.

[robelneo]

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..

[fortunecrypto]

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.

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..

[TentacleMan]

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.

[evergrow]

Ask DE.  

Hey toke! What does this mean? Delaware?

He's referring to a user that goes by the name DecentralizedEconomics in this forum.
That user is not very popular.

[x13]

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.

[alyssa85]

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/

[MicroGuy]

Interesting question. But I'm not sure if an inanimate protocol or software application can have a political ideology.

~~

[prettybuds]

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?

[BitcoinNational]

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!
 

---
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.