Crypto Manifesto

[Gatzuma]

I'm interested what do you guys think about?

>>> http://cryptomanifesto.io 

Main Ideas

1. The main benefit of cryptocurrencies is the capability of free and regular payments between the participants, not benefiting from constant growth and making a profit out of it, like the believers in HODL imagine.

2. Blockchain is just a type of architecture. Let’s not idolize it as the central doctrine of the 21st century! We believe other technologies are possible for intermediary-free P2P-transactions.

3. Mining is an evil, full stop. We need better ways of reaching a consensus in our network. Federated and even centralized architectures are welcome, as long as they help achieve the other Manifesto goals.

4. Volatility is an evil. The cryptocurrencies of the future should be at least as stable as the coins issued by the G8.

5. Stablecoins, which got popular as an equivalent of fiat money at many exchanges, are not as good as regular coins. The rate of the future digital currencies should be based on the basic supply and demand principles, not dependent on the value of any national payment unit.

6. Cryptocurrencies should be of mass accessibility – which means as simple, transparent and secure in everyday life as the conventional cash and credit cards.

7. We can’t ignore the wish – moreover, the right! – of the government to control the circulation of cryptocurrencies in the system, unless the users have some objections. A proper exchange system ought to provide mechanisms of fulfilling this right for the government and citizens, while ensuring confidentiality of transactions and privacy for those who wish it.

8. The crypto community has no and can’t have a single standpoint. If you agree with the concepts in this Manifesto, please share it with others. If you disagree with us, please draft your own!

[buyinbtc]

1. Why does it have to be regular payments? Also you cannot use all the money you have as you probably do not use your fiat now and have savings. Same in crypto, even though some people use it as a currency, some people hodl it as savings.

2. Technologies like what?

3. Mining is not evil and it is the most secure way to have a healthy 51% attack-proof and decentralised currency. Welcoming centralised architectures into crypto would lead to losing the main idea of a decentralised, uncontrolled currency that you were talking about in 1st point.

4. Volatility isn't evil as it lets people profit from it. There has to be volatility in such a new project as bitcoin because it is a self regulated market.

5. So yeah, basically you answer with this point to the 4th point.

7. So I still don't get if you want a decentralised and unregulated or a new centralised and regulated fiat online currency.

[BQ]

Manifesto as in communist manifesto this resembles!
blockchain is a technology but why is seemingly everyone focused on payments, when that's already done?
it can be improved upon but imagine the industrial use cases (more and more appearing).

I think we're closer to mass industrial backend adoption of crypto before mass adoption of bitcoin (or another currency) as payment method.
everyone already has, as mentioned in the thread, cards or cash.
while I definitely think crypto is a necessary replacement for the current monetary system, it's just seemingly a very slow and long process.

[Bitcoin_Arena]

3. Mining is an evil, full stop. We need better ways of reaching a consensus in our network. Federated and even centralized architectures are welcome, as long as they help achieve the other Manifesto goals.

How exactly is mining evil? actually your so called centralized architectures are far more evil and corruptible. Just look out today's world order.

4. Volatility is an evil. The cryptocurrencies of the future should be at least as stable as the coins issued by the G8.

This

5. Stablecoins, which got popular as an equivalent of fiat money at many exchanges, are not as good as regular coins. The rate of the future digital currencies should be based on the basic supply and demand principles, not dependent on the value of any national payment unit.

And then this... Can't you see that you are contradicting yourself, stablecoins are actually a solution to those who are scared of the volatility in the cryptomarket

[jseverson]

8. The crypto community has no and can’t have a single standpoint. If you agree with the concepts in this Manifesto, please share it with others. If you disagree with us, please draft your own!

This is exactly why any such manifesto is unnecessary lol. If everyone creates their own, then there's no point. There's no need to get everyone to conform to a single standpoint either -- that's the point of decentralization.

[stompix]

Manifesto as in communist manifesto this resembles!

Yeah, it does and it has a bit of inquisition flavor added.
Let's burn the evil miners at the stake !!!

OP, I'm not sure if this is your creation but you're missing one important part in your manifesto, and that is your plan, on how you envision we do and achieve what you're planning?
And before you start answering, you must remember that you can't enforce freedom by bringing restrictions!

Federated and even centralized architectures are welcome,

Nope, just no! As per article 8 in the current manifesto, I reserve the right to call this bs!!!  

This is exactly why any such manifesto is unnecessary lol. If everyone creates their own, then there's no point. There's no need to get everyone to conform to a single standpoint either -- that's the point of decentralization.

The temperature dropped from 28 yesterday to damn drizzle this morning, we need those threads to enjoy a hot coffee early in the morning.

[Gatzuma]

1. Why does it have to be regular payments? Also you cannot use all the money you have as you probably do not use your fiat now and have savings. Same in crypto, even though some people use it as a currency, some people hodl it as savings.

Think about "real world" for a minute. How many people HODL dollars or euros in hope of rate growth? Nope, most of people are afraid of inflation rather. Indeed, most of cryptocurrency hodlers really hope that theirs portfolio become more and more valuable within short period of time (monthes, not years).

2. Technologies like what?

DAG or Block Lattice or whatewer else.

3. Mining is not evil and it is the most secure way to have a healthy 51% attack-proof and decentralised currency. Welcoming centralised architectures into crypto would lead to losing the main idea of a decentralised, uncontrolled currency that you were talking about in 1st point.

There are Byteball and Nano which are not really decentralized and performed well

4. Volatility isn't evil as it lets people profit from it. There has to be volatility in such a new project as bitcoin because it is a self regulated market.

So thats the main reason why Bitcoin is having hard time now. Nobody doing real business or having savings for long time would be happy to lose money.

5. So yeah, basically you answer with this point to the 4th point.

7. So I still don't get if you want a decentralised and unregulated or a new centralised and regulated fiat online currency.

Something in between

[Gatzuma]

blockchain is a technology but why is seemingly everyone focused on payments, when that's already done?
it can be improved upon but imagine the industrial use cases (more and more appearing).

What's done? Could you pay for any goods by any crypto at the Amazon? Walmart? McDonalds? Transfer money for your old grandma? Nope.

I think we're closer to mass industrial backend adoption of crypto before mass adoption of bitcoin (or another currency) as payment method.

Exactly. And as engeneieer I can't see what could be really exciting about blockchain as technology cause there in IT we see The Next Big Thing like Web 2.0, NoSQL, SPA, etc, etc every year.

Should the people en masse be aware and excited of these new tech? I think no.

everyone already has, as mentioned in the thread, cards or cash.
while I definitely think crypto is a necessary replacement for the current monetary system, it's just seemingly a very slow and long process.

100%

[Gatzuma]

Yeah, it does and it has a bit of inquisition flavor added.
Let's burn the evil miners at the stake !!!

  I like it

OP, I'm not sure if this is your creation but you're missing one important part in your manifesto, and that is your plan, on how you envision we do and achieve what you're planning?
And before you start answering, you must remember that you can't enforce freedom by bringing restrictions!

Nope, just no! As per article 8 in the current manifesto, I reserve the right to call this bs!!!  

You are right, that's the most provocative point of Manifesto. But "the real world" crypto currency do not need to be decentralized to serve the CRYPTO part of the equation. I beleive that Federated architecture is more suited for real life cases where you have to deal with some compromises between different parts of the equation (easy-to-use, performance, security, etc).

The temperature dropped from 28 yesterday to damn drizzle this morning, we need those threads to enjoy a hot coffee early in the morning.

100% 

[proTECH77]

5. Stablecoins, which got popular as an equivalent of fiat money at many exchanges, are not as good as regular coins. The rate of the future digital currencies should be based on the basic supply and demand principles, not dependent on the value of any national payment unit.

Chauvinistic; come to reason, why many investors are been scared away in the world of cryptosphere? Why is the ETF and SEC kicking against the said digital currency? Why its not be adopted as a currency? the stability of the digital currency will cause it to be accepted and adopted by all which is why its at a stable state now.