/biz/ - Business & Finance

[Anonymous No.28152669]

Is crypto compatible with communism?

[Anonymous No.28152752]

>>28152669
Sure, as long cryptocurrency don't have any value and it's pegged to a fixed price.

[Anonymous No.28152843]

No, communism is pseudo shit for larpers. Even the CCP are not very communist anymore.

[Anonymous No.28152862]

nah crypto is literally just austrian economics which is dogshit and leads to mass inequality

[Anonymous No.28152906]

>>28152752
Not even then. Money is not compatible with communism.

[Anonymous No.28153009]

>>28152862
Why dont you program your ideal coin then? Now you can with smart contracts.

[Anonymous No.28153024]

>>28152669
A commie crypto would just be a CBDC. But BTC is pure ancap.

[Anonymous No.28153076]

>>28152669
Blockchain could be very much so. But I believe it will usher in a new type of economic philosophy, one we can't fully conceptualize yet. The WEF is introducing the idea of Stakeholder Capitalism. Look into it if you want.

[Anonymous No.28153091]

>>28152669
no also stop being retarted commies are even bigger retards than /pol/lacks

[Anonymous No.28153136]

Probably not, crypto is basically capitalism distilled down to its purest form. A mutually agreed upon value that can be exchanged for goods and services.

[Anonymous No.28153203]

>>28152669
Commies get the bullet. Unironcally. They are the only group of people who I would support rounding up.

[Anonymous No.28153273]

>>28152669
Yes of course. As long as you aren't an authoritarian cuck like China.

Libertarian socialism is based af and crypto will be the defacto currency

[Anonymous No.28153287]

>>28152669
the fuck is this

MODSSS
commies get the dirtnap

[Anonymous No.28153336]

Only in the sense that crypto can be used to raise funds to buy rope for hanging commies from lampposts

[Anonymous No.28153368]

>>28152669
Only death is compatible with communism. Now kill yourself you fucking no talent coffee nigger

[Anonymous No.28153392]

>>28152669
Crypto is money and commies don’t believe in money, so no.

[Anonymous No.28153457]

>>28152669
fuck off, pinko

[Anonymous No.28153459]

Sure just have a communist state with bitcoin as its national currency I guess.

[Anonymous No.28153498]

>>28152669
Does this board get bombarded by bunker cucks?

[Anonymous No.28153509]

>>28153287
hello plebbitor. We call them j*nnies around here

[Anonymous No.28153573]

>>28152669
Crypto is ancap which is the complete opposite of communism, retard.

[Anonymous No.28153615]

yes, you need a pseudo-anonymous, trustless public ledger, a digital currency and social smart contracts and credit in order to truly distribute resources from each according to his ability, and to each according to his needs

[Anonymous No.28153644]

>>28152669
made a thread for you OP
>>28153545

[Anonymous No.28153701]

>>28153615
The problem is communism never works out like that and alwasys ends with the people are the top hoarding everything which is the same capitalism.

[Anonymous No.28153721]

>imagine dumping Linkies on commie trannies and twitter seething that will follow

[Anonymous No.28153753]

>>28152669
You could have some kind of protocol that redistributes wealth every day, week or month

[Anonymous No.28153789]

>>28153615
>smart contract
>according to his ability
>according to his needs

So we can just table communism until AI is developed that can determine that objectively, yeah?

[Anonymous No.28153865]

>>28152669
Sure it is, as long as you send OUR profits right here: 0x4f6573C9275B9B20EC54F7042eBA5385b0f14b43

[Anonymous No.28153898]

>>28153615
achtully communism is from each according to his contribution

[Anonymous No.28154049]

>>28152669
communism isn't compatible with things that exist

[Anonymous No.28154164]

>>28154049
kek this, Its why China 20 years ago just gave up with that shit and opened up there markets to US companies.

[Anonymous No.28154212]

>>28152669
I don't understand. Crypto is like peak capitalism. If crypto was regulated at a set price maybe, but that wouldn't even be crypto as we know it anymore.

[Anonymous No.28154258]

>>28152669
the means of production (mining) are in the hands of the people

[Anonymous No.28154273]

>>28154212
Can you imagine if a real economy ran like crypto?
Big yikes.

[Anonymous No.28154363]

>>28154273
wut

[Anonymous No.28154383]

>>28152669
no communism is such a shitty dysfunctional trainwreck it requires inflationary central banking to fund its stupidity. There's a reason libertarians got in early on bitcoin while statist commies were seething in /r/buttcoin

plank #5 in communist manifesto: Centralization of credit in the hands of the state, by means of a national bank with state capital and an exclusive monopoly

[Anonymous No.28154386]

>>28152669
As per communist manifesto, there is no need for any currency. Goods and services are exchanged for other goods and services. Communist = Community based economy, there is no need for any capital in it.

[Anonymous No.28154482]

>>28154273
That's the thing though, crypto is supposed to be decentralized, I have no idea how it's supposed to be an actual regulated economy. Crypto has no real value either.
>t. /pmg/ boomer

[Anonymous No.28154516]

>>28152669
Yes. When the day comes you lose everything the starvation and lack of opportunities will feel like prime communism

[Anonymous No.28154557]

>>28153789
that sounds like a good enough deal all things considered. i unironically think that might be less than 10 years ahead.. good thing we already have most of the data, and are setting up a monetary and incentive network

[Anonymous No.28154717]

>>28154557
Smart contracts could be used for voting I guess.
How could they be used for labor accounting though?
Explain.

[Anonymous No.28154863]

>>28152669
Some part are. Although communism suggests to do away with currency, bitcoin as a global currency undermines nationstate and communism is also a stateless society.

[Anonymous No.28154867]

>>28154386
how the fuck you'll get your basedmilk faggot ?

[Anonymous No.28154909]

>>28153753
Cool idea, but redistribution isn't inherently communist. Social ownership is.
During the early modern era common land was forcibly redistributed from european commoners to aristocrats under enclosure. The same happened to many collectively held lands under colonialism, although some was sold.
Subsidies are more or less distribution of taxpayer money towards private firms, same with subcontracting.

>>28153136
Trade predates capitalism and exists under any economic system.

>>28152752
It would make more sense for that type of digital currency to be distributed based on labour. I mean, that's partially how money already functions. TLV isn't valid how Marx conceptualized it, though he got the idea from earlier capitalists.

[Anonymous No.28154943]

In the USSR, despite mustering the collective labor of hundreds of millions of people by force in a natural resource-rich empire 9 million square miles in size and a dozen countries in scope:

>Only 2% owned a color tv
>Only 4% owned a car
>The average household in the USSR was 25% the size of that of Seattle Washington (the city with the smallest average apartment size in the US-themselves roughly 2/3rds the size of the largest found in Tallahassee, Florida)
>The Soviet diet was 44% carbohydrates and starch, and had 1/3rd of the protein of the US diet
>More doctors than the UK but somehow had healthcare so poor the life expectancy trended downwards from the mid 60s to the mid 80s
>You could not be "unemployed"
>You could not easily choose your occupation or leave your occupation for another
>Being over 20 minutes late to work was a criminal offense resulting in a 25% pay cut for up to six months

Other notable facts
>41% of Germany's industrial production capacity was dismantled and reassembled in Russia after the war
>26,000 engineers, scientists, aviation experts and their dependents were similarly transplanted to Russia
>Stalin admitted to Eric Johnston of the US Chamber of Commerce that two-thirds of Russia's industrial capability both during and prior to the war was due to the assistance of the United States (the remaining third being largely a Western European import)
>Fred Koch built or designed the majority of the Soviet oil refineries; oil and related products account for something like 60% of Russia's current day exports and 20-30% of their entire current day economy
>Without the NEP and extralegal economic activity the USSR would have likely continued down the pattern of repeated self-induced starvation; Stalin formally abolishing the NEP in 1928 precipitated the Soviet Famine of 1932
>An informal economy, the "Second Economy" existed throughout the USSR's existence and is estimated to represent between 15-30% of the USSR's economic activity

[Anonymous No.28155006]

[Anonymous No.28155076]

You see the part of this chart they left out is this discord,
https://del.dog/Biz

[Anonymous No.28155083]

[Anonymous No.28155154]

[Anonymous No.28155235]

yes

[Anonymous No.28155350]

>>28155083
The poverty rate in chile decreased after pinochet.
Also pseudo commie states are Keynesian.

[Anonymous No.28155365]

>>28155083
>Pinochet
God bless that man.

[Anonymous No.28155396]

>>28152669
No

[Anonymous No.28155508]

Yes because communism is when everyone is rich, read deng

[Anonymous No.28155616]

>>28155006
China is socialist, retard. 50% of the econ is state run

[Anonymous No.28155670]

This is the life of the scumbag who dreamed up communism:

>had no friends throughout primary school because he was such a pushy faggot.
>went to study law at University of Bonn
>joined a "tavern club" and ran up a huge debt
>was kicked out of UoB for doing poorly and being drunk all the time.
>he threatened that he would become a poet.
>when he wasn't writing overly sentimental letters to his parents, he was fighting with them while at the same time begging for more money.
>continued his half-assed study of law at University of Berlin, then switched to Philosophy the moment his father died.
>started sucking Hegelian cock with other left-wingers
>consumed with erasing Christianity. Probably wore a fedora at some point.
>Pussed out of presenting his Doctoral Thesis at Berlin, and instead transferred to a lesser university to get his Doctorate.
>married Jenny von Westphalan, and promptly failed at all his duties as a husband.
>never held an office or any sort of regular occupation.
>they were constantly living in filth and hunger.
>at least 3 of his children died from malnutrition, and 2 others committed suicide.
>subsisted by begging Engles for money. Engles got his money through his rich father, a capitalist factory owner.
>when a relative gave Marx enough money to clear his debts and start life fresh, he took the money an went touring Germany and squandered all of the money.
>always an asshole, constantly being kicked out of organizations he was trying to game.
>wrote Das Kapital while laid up in bed covered in boils and other health problems.
>died alone like the wretched, worthless pile of shit he was

[Anonymous No.28155701]

>>28154867
I'll get getting it straight for your mum. In return I'll be giving her a good dicking.