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Author Topic: Are there any communists in this forum? Is it compatible with crypto?  (Read 614 times)
Freshmen
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June 21, 2019, 08:23:17 AM
 #41

In my opinion crypto maximalism (which implies libertarianism, freedom from state's control of our money) is not compatible with being a communist or even a socialist, as the implementation of these systems requires always some kind of force being applied by the state to "redistribute" wealth, but maybe someone can prove me wrong.


Does that even matter? No matter who you are, you can be making use of cryptocurrency and no one would know that you're using, yep trust me. You can use it without being traced. You can decide to be exchanging through local sellers and that way there wouldn't be a trace of anything related to crypto to your bank, cause whenever you sell to those local buyers every payment is made from their bank account, so the bank will see it as just a regular transaction. So anyone can make use of crypto, despite what they believe and who they are. All that doesn't even matter.
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June 22, 2019, 04:50:25 AM
 #42

I don't think its non-discriminate, it all depends on how you use. However, if you look at the first idea of satoshi and why he created it and even look at the code itself and see the rules that is mostly a leftist idea. It is in fact leftist not because its against any conservative idea or anything or even not against capitalism since its a currency itself and revolves around financial markets and all however it was created against banks and the idea of banks scamming people legally.

It is a bit of right idea and not left because bankers are usually defended by the right leaning political parties and usually disliked by the left leaning parties. However, the coin itself and many other coins do not have a specific agenda against the political parties, its just parties having their own agenda against the coin.

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June 22, 2019, 03:05:32 PM
 #43

Just sharing as what I have known, I guess cryptocurrency doesn't fit communism as communism is a very good example of centralization.
I won't even let them come into cryptocurrency. The cryptocurrency's sense would be nothing with them. But I guess, blockchain could also support communism but I am not so much sure of that. Communism and Socialism are not compatible with cryptocurrencies. It will never be.

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June 24, 2019, 10:52:58 PM
 #44

In my opinion crypto maximalism (which implies libertarianism, freedom from state's control of our money) is not compatible with being a communist or even a socialist, as the implementation of these systems requires always some kind of force being applied by the state to "redistribute" wealth, but maybe someone can prove me wrong.


Does that even matter? No matter who you are, you can be making use of cryptocurrency and no one would know that you're using, yep trust me. You can use it without being traced. You can decide to be exchanging through local sellers and that way there wouldn't be a trace of anything related to crypto to your bank, cause whenever you sell to those local buyers every payment is made from their bank account, so the bank will see it as just a regular transaction. So anyone can make use of crypto, despite what they believe and who they are. All that doesn't even matter.

Of course, I'm not saying you can't use it. I'm speaking from a merely ideological point of view. I believe that a communist system requires inevitably state control of all transactions and that is something that goes against the cryptoanarchist philosophy. So a communist taking advantage of crypto is not really a communist Smiley
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July 13, 2019, 06:25:23 PM
 #45

Hey

I think that not any single person here has their 100% money invested in Bitcoins. Everyone is holding up in banks too , therefore the point is the community is not entirely dependent upon Bitcoins therefore the force is already working where it can work leaving some spare money for investing in the other markets like :- share market, cryptocurrencies like Bitcoins.

It is acceptable as long as it doesn't take over the whole economy.

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July 20, 2019, 08:39:57 PM
Merited by hatshepsut93 (1)
 #46

Since I am one of many people who lived in the Soviet Union and found a little while when the state structure was communism.  I want to say that ideally, communism is not equality of people, but, on the contrary, communism presupposes the slavery of its people in the moral, psychological and physical sense.  That is why cryptocurrency and communism are like north and south.  These concepts would never intersect.
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July 21, 2019, 11:44:40 AM
 #47

Bitcoin can actually help Communism when it is wrongly applied. The strict Bitcoin policies and KYC regulations that are being forced by governments, can be seen as a form of control and control is everything in a Communist regime. China and Russia is a good example where communism is showing it's influence on Bitcoin use and this is also applicable to Capitalist regimes. <Forced control applies to both regimes>  Roll Eyes

The illegal use of Bitcoin grants people within these restrictive regimes, to have some kind of financial freedom and some privacy. The loopholes within these regulations are being closed up now and Bitcoin use via "legal" means, would become even more restrictive and less private.  Angry  <In the near future it would be more private to use Cash, than using Crypto currencies via legal channels.>

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