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Author Topic: Communism will be the end of BTC  (Read 1032 times)
Kakmakr
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January 27, 2017, 06:08:44 AM
 #21

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^

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profitgenerator212 (OP)
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January 27, 2017, 06:51:57 AM
 #22



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.


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January 27, 2017, 07:01:40 AM
 #23

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.

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January 27, 2017, 07:03:27 AM
 #24

Quote
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.




Quote
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.


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January 27, 2017, 07:25:06 AM
 #25

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.
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