Re: Cryptocurrencies: a middle-ground between libertarian capitalism and communi

[DigitalCyberius]

It's only a stepping stone if it's abused, and people in power turn it into something its not. Such as when liberal globalists who want to control everything everyone does, tries to impose higher taxes on fuel - which is the case with the Yellow Vests. It's not Capitalism that's the problem, it's globalism at play under Macron. And globalism is not capitalism. It's only a stepping stone if freedom is not allowed to prevail because of force.

Capitalism allows people to work and to have good character built in (which is good for individuals and society) and allows anyone with the motive and drive to make anything of themselves in their country, this is not the case with Communism or Socialism. Though Utopias may be imagined, the reality is all power goes to the corrupt few, everything that people hold dear must be forcefully taken away, the masses grow impoverished, and atrocities are committed on the citizens by their own 'governments'. Take a look at History, the former Soviet Union, Mao's China, North Korea, Venezuela, and many other examples. Capitalism (if done at least somewhat rightly) gives a ladder for anyone to climb up on their own, and it has helped to produce the prosperity that America has seen. Free trade works. What DOESN'T work is when the government steps in and tries to micro manage and equalize everything. If you want a prospering society, one of the key things you need is free markets with minimal government intervention, they will balance themselves out, and continue to work, but as soon as government steps in to micro manage and equalize things, it starts to fall apart, you get black markets, prices get out of whack, the government wants more power, etc. Interestingly, God in the Old Testament had a brilliant system for the Israelites, where there was actually an economic reset button called the year of Jubilee. In this year, all property was to return to the original owner, all debts were to be forgiven, etc, and thus, all prices had to be determined based on how close or far away the Jubilee year was (every 50 years). 

Socialism is only implementable by force, Marx said so himself.

Watch these videos by Prager University - they're short:
-Socialism Makes People Selfish
https://youtu.be/l3GfCmbPDN0

-Who Is Karl Marx?
https://youtu.be/UhEkJ4noN68

Also see Mike Maloni's The Hidden Secrets of Money series and what happened when Rome tried to interfere with free markets. It's a long series, and I forget which episode(s) discuss it, but well worth watching.

Have a good day,
The Cyberius team.

[bitfocus]

if you think of modern civilization, socialism and capitalism both has some issues and you can't imply 100% of socialism or Capitalism onto it. And about Carl Marx - his theories is not outdated. Only a true democracy can solve the problems we are facing worldwide, but not the American version of it.

[kryptqnick]

Capitalism (if done at least somewhat rightly) gives a ladder for anyone to climb up on their own, and it has helped to produce the prosperity that America has seen. Free trade works. What DOESN'T work is when the government steps in and tries to micro manage and equalize everything. If you want a prospering society, one of the key things you need is free markets with minimal government intervention.

Capitalism is generally a good system, but without some regulation and intervention of the government it lets people with worse opportunities just drown. People who come from poor families, groups that are often discriminated or people with disabilities have to be supported by governmental initiatives. It's only fair to compensate them what they did not get from birth (see Rawls for more elaboration on this topic). Once the society becomes willing to support vulnerable groups through private sector, the government can essentially let go.
Also, I see cryptocurrencies as the very implementation of libertarian capitalism, so I don't understand what it has to do with communism at all (how cryptos are in between).

[cryptomaster420]

Capitalism (if done at least somewhat rightly) gives a ladder for anyone to climb up on their own, and it has helped to produce the prosperity that America has seen. Free trade works. What DOESN'T work is when the government steps in and tries to micro manage and equalize everything. If you want a prospering society, one of the key things you need is free markets with minimal government intervention.

Capitalism is generally a good system, but without some regulation and intervention of the government it lets people with worse opportunities just drown. People who come from poor families, groups that are often discriminated or people with disabilities have to be supported by governmental initiatives. It's only fair to compensate them what they did not get from birth (see Rawls for more elaboration on this topic). Once the society becomes willing to support vulnerable groups through private sector, the government can essentially let go.
Also, I see cryptocurrencies as the very implementation of libertarian capitalism, so I don't understand what it has to do with communism at all (how cryptos are in between).

I think this is just an excuse people make. There's not 1 person born in USA who didn't have opportunities - just people too lazy to take them. People lacking opportunities are only those born in 3rd world countries and dictatorships where it's illegal to immigrate - and this is a problem that wouldn't exist if markets were free.

[bitmover]

Sorry but I don't see anything related to socialism policies in Bitcoin. Bitcoin is 100% libertarian, from the cypher punk movement.

Socialism is about empowering the government to control the whole economy and make it "better than free market". That's exactly the opposite of what cypher punk movement and Bitcoin is doing

[rizla2]

Capitalism (if done at least somewhat rightly) gives a ladder for anyone to climb up on their own, and it has helped to produce the prosperity that America has seen. Free trade works. What DOESN'T work is when the government steps in and tries to micro manage and equalize everything. If you want a prospering society, one of the key things you need is free markets with minimal government intervention.

Capitalism is generally a good system, but without some regulation and intervention of the government it lets people with worse opportunities just drown. People who come from poor families, groups that are often discriminated or people with disabilities have to be supported by governmental initiatives. It's only fair to compensate them what they did not get from birth (see Rawls for more elaboration on this topic). Once the society becomes willing to support vulnerable groups through private sector, the government can essentially let go.
Also, I see cryptocurrencies as the very implementation of libertarian capitalism, so I don't understand what it has to do with communism at all (how cryptos are in between).

In which way is it good a good system? Governments are in debts to banks, most citizens also in debt to the banks. They help citizens with funds they loan from banks, and later return that loaned money with interest. From where? From the money that was given by people (various taxes) and supposed to go back to people through different services. Its a big balloon, that is what it is, the whole word economy in capitalism, nothing else.

Regarding what you wrote, about helping those with worse opportunities, communism beats capitalism in that, does it mean its also good?