Communism will be the end of BTC

[profitgenerator212]

I think we can safely rebrand BTC to Marx-Coin, because I believe BTC will be destroyed by leftists, specifically communists.

As I pointed out in my article, POW coins are doomed to fail, since poor people will take over:

But Bitcoin is now bringing in people from 3rld world countries, whom are very poor, and from leftist countries as well. So it's only a question of time until Communist ideas will start to be spread.

(China, Venezuela, Vietnam, and other leftists or just poor people)

Bitcoin might defend against a network attack, but it can't defend against Communism, because it used POW algorithm, and nodes.

It would be very simple, there are 5000 nodes, probably less in the future. A bunch of 3rld world poor people just download a modified software, let's say a coordinated event of 50,000 people, and they will just hardfork money out of your wallet. Since they will be in 90% majority, and the nodes have the final authority, not the miners, it will be successful.

And it will be this easy to steal from rich people. And there is nothing on Earth that would stop this kind of attack on Bitcoin. Just like that, everyone who has a lot of coins will lose all their money. In protests, 100,000 people can be mobilized just like that. So what makes you think that you can't mobilize 50,000 poor people to steal money from the rich?

If the Anti-Trump movement can mobilize tens of thousands of women to march on the streets, what makes you think that incentive to steal money out of your wallet can't mobilize millions of poor people around the world to download a modified node software and hardfork the money out of your wallet. They easily outnumber existing honest nodes.

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[franky1]

lesson 1.
if 50,000 nodes appeared.. and then intentionally split.. all they are doing is making clams 2.0

lesson 2.
coins are locked to private keys. not software. so while they play with clams 2.0 your funds are still on your private key

lesson 3.
making bitcoin about politics and race just makes you sound like a Fox news presenter shouting "bomb them bomb them bomb them"

[uneng]

No, no, no... I think this is totally wrong. Poor people from socialists, communists, leftists country usually don't endorse them. Rich people yes...
Poor people need to survive and maybe they found in bitcoins a way to do this. But their governments don't like it. If you want to destroy leftists, let the people from their country use bitcoins.

(They are just parasites, can't create a technology, can't create anything, they just destroy things).

[profitgenerator212]

lesson 1.
if 50,000 nodes appeared.. and then intentionally split.. all they are doing is making clams 2.0

lesson 2.
coins are locked to private keys. not software. so while they play with clams 2.0 your funds are still on your private key

lesson 3.
making bitcoin about politics and race just makes you sound like a Fox news presenter shouting "bomb them bomb them bomb them"

1) Like how Ethereum split successfully? Hardly.

2) I believe with 90 or even 95% majority, they can just simply rewrite the protocol to send the money out directly. Or hacking the coin reward mechanism to redistribute wealth at more rapid paces, like 5 million BTC/ block , and no coin cap limit.

3) These are the facts. We have an egalitarian coin, for rich people. It wont work out like this, trust me. We either have private property, or we don't. And that means, only property holders can vote. Therefore POW is not good, we need POS.

No, no, no... I think this is totally wrong. Poor people from socialists, communists, leftists country usually don't endorse them. Rich people yes...
Poor people need to survive and maybe they found in bitcoins a way to do this. But their governments don't like it. If you want to destroy leftists, let the people from their country use bitcoins.

(They are just parasites, can't create a technology, can't create anything, they just destroy things).

Don't change the subject. Look I am not against poor people. I am just pointing out the facts, that theft from the rich is very attractive to poor people, and in the process they destroy everything. Communism failed, miserably. So we need to take a 180 degree turn, and go all the way on it.

We cant just have mixed economies, it wont work like that. So full private property, or no private property. It's your choice.

[hatshepsut93]

What do you mean "hard-fork money out of my wallet"? No one can alter the blockchain, they can only create their own version of blockchain, but it will just be a new altcoin, lets name it commie-coin. And I'm pretty sure that it won't be able to compete with BTC on free market that we have now. But in case there will suddenly be communist revolutions all over the world, btc and other cryptocurrencies would still be used for black market, while communist government will issue their own highly controlled digital currencies and tokens.

[uneng]

No, no, no... I think this is totally wrong. Poor people from socialists, communists, leftists country usually don't endorse them. Rich people yes...
Poor people need to survive and maybe they found in bitcoins a way to do this. But their governments don't like it. If you want to destroy leftists, let the people from their country use bitcoins.

(They are just parasites, can't create a technology, can't create anything, they just destroy things).

Don't change the subject. Look I am not against poor people. I am just pointing out the facts, that theft from the rich is very attractive to poor people, and in the process they destroy everything. Communism failed, miserably. So we need to take a 180 degree turn, and go all the way on it.

We cant just have mixed economies, it wont work like that. So full private property, or no private property. It's your choice.

But it's already total private property. I don't think a mass of people can steal our money from wallets using a pirate software. Bitcoin has defenses to prevent this for sure, otherwise rich people wouldn't invest in bitcoin. And if it's possible the technology can be improved making the system safer to prevent this to happen. Communist ideas always fail and technology + future always win.

[franky1]

i think you need to go research some more.
take some time, learn bitcoin, run some scenarios. look how the reality of bitcoin works.

P.S ethereum was not consensus(95%) or controversial(low%) .. it was intentional split, using a ban node feature to avoid the correction mechanism(orphaning) that keeps things on one straight
ill spell it out for you, so your research is google friendly

--oppose-dao-fork

enjoy your research

[ArcCsch]

How often do I have to post this?

[Cereberus]

I thought communism was dead by now. I know there is Russia and China who still go by it's ideals but they have turned to free trade like USA and well developed countries. I don't think that leftist will ever prevail (I know here in Europe because of the recession signs of extremists have started to appear) but even if they do so, there's still USA where we should migrate if communism take over. As long as you keep your bitcoins and private keys safe no leftist or rightist can end the biggest financial technological revolution of our era, bitcoin.

[profitgenerator212]

i think you need to go research some more.
take some time, learn bitcoin, run some scenarios. look how the reality of bitcoin works.

I know how BTC works, I have been a bitcoin investor since the 2013 bubble.

Wallet Providers: They go after the economic majority
Exchanges: The same
Bitcoin Websites: The same
Miners: The same

Nodes: Well, the nodes are the economic majority, since everyone else will just follow them like herds. Don't believe me, look at CSV or the other BIP that was implemented last year. Hardly any wallet provider or exchange has hosted any extensive debate on it, they just went along with it like sheep.


So the nodes are the carrot on the stick, and the others are the donkey. And if nodes can easily be sybil/commie attacked like that, then it will be game over for Bitcoin.

[OROBTC]

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profitgenerator212 & uneng

Perhaps we should just clearly characterize Communists, Socialists and The Left as variation on a species...

That said, it is clear that countries where The Left is very strong are indeed against Bitcoin.  And they are trying very hard to ban and limit BTC (and the freedom it provides).  Here is a link showing that a conference in Europe wants to come after the Bitcoin mixers:

http://bravenewcoin.com/news/wgvc-focuses-on-the-misuse-of-digital-currencies-by-criminals-and-terrorist-financiers/

(It's always about the terrorists and criminals...)

[profitgenerator212]

...

profitgenerator212 & uneng

Perhaps we should just clearly characterize Communists, Socialists and The Left as variation on a species...

That said, it is clear that countries where The Left is very strong are indeed against Bitcoin.  And they are trying very hard to ban and limit BTC (and the freedom it provides).  Here is a link showing that a conference in Europe wants to come after the Bitcoin mixers:

http://bravenewcoin.com/news/wgvc-focuses-on-the-misuse-of-digital-currencies-by-criminals-and-terrorist-financiers/

(It's always about the terrorists and criminals...)

Why are you spinning the topic? I wasnt talking about governments.

Bitcoin is even more vulnerable, all it needs is a bunch of leftwing organizations to team up and hire some programmers to reprogram the BTC source code, and then agitate on social media to all poor people around the world to download it, and setup their node, and they will get like free 10 BTC/block.

It would be an unstoppable attack, and the price will quickly crash to 0$, not to mention the BTC network, blockchain, and source code vandalized by leftist agitators.

[OROBTC]

...

profitgenerator212 & uneng

Perhaps we should just clearly characterize Communists, Socialists and The Left as variation on a species...

That said, it is clear that countries where The Left is very strong are indeed against Bitcoin.  And they are trying very hard to ban and limit BTC (and the freedom it provides).  Here is a link showing that a conference in Europe wants to come after the Bitcoin mixers:

http://bravenewcoin.com/news/wgvc-focuses-on-the-misuse-of-digital-currencies-by-criminals-and-terrorist-financiers/

(It's always about the terrorists and criminals...)

Why are you spinning the topic? I wasnt talking about governments.

Bitcoin is even more vulnerable, all it needs is a bunch of leftwing organizations to team up and hire some programmers to reprogram the BTC source code, and then agitate on social media to all poor people around the world to download it, and setup their node, and they will get like free 10 BTC/block.

It would be an unstoppable attack, and the price will quickly crash to 0$, not to mention the BTC network, blockchain, and source code vandalized by leftist agitators.

IMO, the most dangerous Communists are the ones who have power, hence my bringing .govs into the picture.

Canny observer Martin Armstrong (and committed anti-Communist) offers up the below two comments today re The Left, the first comment deals with the "War on Cash" now underway, by, wait for it, Leftists!

https://www.armstrongeconomics.com/world-news/taxes/eliminating-currency-communism/

And who wants more coercive taxes? 

https://www.armstrongeconomics.com/world-news/taxes/trump-tax-reduction-follows-john-f-kennedy-approach/

The Left and greedy governments are the enemy, they are almost one and the same.

[kryptqnick]

No, no, no... I think this is totally wrong. Poor people from socialists, communists, leftists country usually don't endorse them. Rich people yes...
Poor people need to survive and maybe they found in bitcoins a way to do this. But their governments don't like it. If you want to destroy leftists, let the people from their country use bitcoins.

(They are just parasites, can't create a technology, can't create anything, they just destroy things).

Bitcoin can help people from poor countries - true. Government is against that - wrong. As I can see, mostly in 3rd world countries the government doesn't care and so there are no laws regulating bitcoin at all. They have their own problems to deal with and there own money to spend. They don't really mind other people surviving. And don't be so hard on leftists. I actually think bitcoin is more like a left idea. Its revilutionary, everybody has a part of power on it and can get and use some.

[franky1]

short summary of the OP..

to prevent communism (the rich holding all the wealth and the rich) splitting the network.

the op proposes
splitting the network and moving to PoS so that the rich hoard all the funds and control it all.

PoS is not a way to even the playing field. its a way that the wealthy control what block gets signed and the wealthy get the reward.

there is no 'trickle down' economics of PoS.. infact PoS is the communism agenda. where those at the top get more..

it makes me laugh that he says the threat to bitcoin is from the poor. and so he want to shift control to the rich.

typical fox news viewers do that.

time he stopped smoking and done more research on real life and real facts. instead of the twisted info he has been handed.

cant ven get the left and right correct. thats how twisted and misinformed the OP is.
here is a hint..
nazi=communist=far right. (rich set the rules and demand control and hoard the funds) PoS

liberals, socialists = left (everyone plays a part and has a say and can share the rewards) PoW

[RodeoX]

Um... No one owns more coins than the communists. It is capitalism that has lagged behind.

[OROBTC]

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kryptqnick & franky1

Communism and fellow-traveler governments not liking Bitcoin (the sub-thesis I'm exploring here).  Hmm, Venezuela just arrested BTC miners:

http://www.newsbtc.com/2017/01/26/authorities-venezuela-arrest-four-bitcoin-miners/


Commmunists who have power are very dangerous!


I suspect that dangers to the BTC community are far more serious by leftist governments than by (supposed) hordes of resentful lefty programmers...

[calkob]

This is the biggest load og guff and nonsense i have read on here in a long time , some people are really delusional....... 

[Daedra]

As history and the example of countries like North Korea, Russia, China etc, shows all communists are crud. And must be crushed by decent people.

[casinobonusgiveaway]

They tried, Russia, China and Vietnam banned people buying and selling bitcoin, but they can't, you know people will buy bitcoin with USD, EURO, they can't block them to buy bitcoin. Unless they disable the internet connection, while it is impossible.

[Kakmakr]

What is worst? Communists taking over Bitcoin and re-distributing wealth to millions of people or for the rich to take over Bitcoin and then re-distributing this wealth to 100 people? In any way, if something like this happens, bitcoins will have zero value, because the demand for the coins will collapse.

I always compare it to a bunch of kids playing in the park. One kid, takes the ball and threatens to leave and the game is over. ^smile^

[profitgenerator212]

IMO, the most dangerous Communists are the ones who have power, hence my bringing .govs into the picture.

Yes and where to the leftist governments come from if not from the leftist organizations?

The point is that BTC is so vulnerable now, that you dont even need a government to do it.

Just pick 1 poor country, an an evil organization that would agitate tens of thousands of poor people to download a malicious wallet and setup a communist node. They can do that with nothing stopping them.

The best defence you have now, is to ban the nodes from that country, but that is a very light defense, and they can use VPN.

to prevent communism (the rich holding all the wealth and the rich) splitting the network.

the op proposes
splitting the network and moving to PoS so that the rich hoard all the funds and control it all.

NO, that is disinformation

In a POS, everyone earns rewards relative to their % holding. So current miners will probably have the same market share.

If not everyone wants to vote or to run a node, then you can just have a delegation system, DPOS.

The point is that everyone can join the network, but only property holders can vote.


That is a simple requirement for capitalism. Otherwise the poor will outnumber the rich, and will vote left, always.

Rothbard and Mises knew this.

[ebliever]

Communism is pretty much dead, except maybe on American university campuses.

Russia under Putin is not communist. Autocratic, but not communist. China's "communist party" is just a vehicle for one-party autocracy, but it abandoned communism in any sense that Marx/Lenin/Mao would have recognized a long time ago. Ditto for Vietnam.

You have to go to derelict Cuba or spiraling-into-the-abyss Venezuela for hardcore communist/socialist rule, and they have no meaningful influence over bitcoin in any realistic scenario. Moreover, the common people suffering under communism in those states are not champions of communism but victims who hate it, by and large. (Again, it's just idiots in academia that remain enthralled by it on a theoretical basis). The same was true in the USSR and China under communism - if bitcoin had been around back then, subversives in those countries would have flocked to it, and supported it rather than undermining it.

[profitgenerator212]

here is a hint..
nazi=communist=far right. (rich set the rules and demand control and hoard the funds) PoS

liberals, socialists = left (everyone plays a part and has a say and can share the rewards) PoW

That is bullshit.

Both Nazis and Communists were leftists, because they emphasized on collectivism (the working class, or the nation or the both the "working german")

The right is Libertarianism/Individualism.

What is worst? Communists taking over Bitcoin and re-distributing wealth to millions of people or for the rich to take over Bitcoin and then re-distributing this wealth to 100 people? In any way, if something like this happens, bitcoins will have zero value, because the demand for the coins will collapse.

I always compare it to a bunch of kids playing in the park. One kid, takes the ball and threatens to leave and the game is over. ^smile^

The only wealth BTC will redistribute if the wealth of early investors who have gained it legitimately.Whatever issue you have with the global elite, dont confuse them with BTC investors.

The rich never steals money, they earn it, in an inequal way because they are masters at earning money.The only side that steals is the left, or the government in general.

[valley365]

Lol, I am not sure if communism will be the end of BTC, or boost BTC. In fact, China, Russia all very active in the bitcoin domain, I think they more push the bitcoin forward than dragging it.