Cryptocurrency as the next significant stage for computing technology, not just an investment

  On 5/15/2021 at 10:16 AM, caze said:

 

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I shall quote chenGOD and say

nail. head. you hitting it

I liked the bit about working out time, because that’s the reason why I’ve never been late for anything (and I mean never) in my life. I’m always an hour/45 minutes early. One strange example of my mathematical misunderstanding would be sitting in class trying to remember Pythagoras theroum it was totally impossible for me. Just like an alien language. Over and over the teacher tried to get it into my head. Not a chance. 5 years later I was working with a builder for a summer job just labouring and we had to lay these big sleepers in the ground  and he mentioned I’d have to use PT to work out the size to cut them. I went ice cold. Total fear of embarrassment. He picked up a scrap of paper, took the pencil from behind his ear and scrawled it down in simple, plain English (layman’s terms) and I got it almost instantly. I was actually laughing and astonished on how piss easy it was. 
 

Anyway let’s get back to the subject in hand.
 

its not an asset you invest in with hopes of selling for fiat currencies later on and making a profit.  its a new financial system that is being migrated to, and if you don't migrate into it fast enough you'll get the scraps.

  On 5/15/2021 at 11:20 PM, cyanobacteria said:

and if you don't migrate into it fast enough you'll get the scraps.

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sounds like capitalism

  On 5/15/2021 at 11:27 PM, auxien said:

sounds like capitalism

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yes, it's a bit like the process of capitalist enclosure over previously "unowned" lands.  the claiming of finite resources ahead of time because those resources are being brought into a system of ownership with more complex rules and logic than the previous system of primitive feudal or primitive communal ownership of natural resources. it's frankly a standard process of capitalist migration of ownership to superior capitals. 

however, this does not eliminate the fact that the building of capital is necessary to achieve socialism and communism, despite its requirement to be eliminated as privately owned capital and thus converted into communally owned or in other words unowned resources

  On 5/15/2021 at 11:27 PM, auxien said:

sounds like capitalism

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yeah tbh this is why i've avoided crypto on principle. i don't really see it as a genuine post-capitalist progression if it's just gonna be some bullshit where everyone who wasn't riding the elon musk hype train or trying to buy krokodyl online in 2013 is going to have to fight for scraps. i'm into the idea of crypto and blockchain but if it turns out to just be a digital equiv to the klondyke goldrush then no i'm not actually

it's a massive disruption in the capitalist system.  it's the real version of the fake thing startups always talk about themselves as. not taking advantage is stupid.

  On 5/15/2021 at 11:44 PM, cyanobacteria said:

yes, it's a bit like the process of capitalist enclosure over previously "unowned" lands.  the claiming of finite resources ahead of time because those resources are being brought into a system of ownership with more complex rules and logic than the previous system of primitive feudal or primitive communal ownership of natural resources. it's frankly a standard process of capitalist migration of ownership to superior capitals. 

however, this does not eliminate the fact that the building of capital is necessary to achieve socialism and communism, despite its requirement to be eliminated as privately owned capital and thus converted into communally owned or in other words unowned resources

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yeah, no. you're doing some serious gymnastics to try and land at communism somehow. you and i have had this conversation ITT already tho so i know it's not worth discussing. 

  On 5/16/2021 at 12:23 AM, auxien said:

yeah, no. you're doing some serious gymnastics to try and land at communism somehow. you and i have had this conversation ITT already tho so i know it's not worth discussing. 

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i dont think im landing at communism, im landing at "this will be useful for socialism"

  On 5/16/2021 at 12:27 AM, cyanobacteria said:

i dont think im landing at communism, im landing at "this will be useful for socialism"

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either way, the ends do not justify the means.

(except when they do)

  On 5/16/2021 at 1:05 AM, auxien said:

either way, the ends do not justify the means.

 

 

 

 

 

(except when they do)

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i think such a phrase assumes that are motivations that lead to actions.  with capitalism its rather that there are actions compelled by game theory.  that is why the beast of capital exists outside us and above us, both above the prloletariat and borgeoisie

  On 5/15/2021 at 11:45 PM, Cryptowen said:

yeah tbh this is why i've avoided crypto on principle. i don't really see it as a genuine post-capitalist progression if it's just gonna be some bullshit where everyone who wasn't riding the elon musk hype train or trying to buy krokodyl online in 2013 is going to have to fight for scraps. i'm into the idea of crypto and blockchain but if it turns out to just be a digital equiv to the klondyke goldrush then no i'm not actually

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Who was willingly trying to buy krokodyl??

  On 5/15/2021 at 6:37 AM, Rubin Farr said:

It sounds like Binance might be best avoided for now

https://www.coindesk.com/locked-out-binance-users-accounts-frozen-for-months

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Oof 

https://news.bloombergtax.com/financial-accounting/binance-probed-by-u-s-as-money-laundering-tax-sleuths-bore-in

  On 5/16/2021 at 8:15 AM, Rubin Farr said:

Who was willingly trying to buy krokodyl??

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the krokodyl hunter

  On 5/15/2021 at 11:54 PM, cyanobacteria said:

not taking advantage is stupid.

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i mean don't get me wrong, i don't fault anyone for wanting to pursue this stuff. it's just that my personal makeup is such that i want to devote as little of my life to following financial markets as humanly possible (even if they're a new breed of financial market). it just isn't where my interests are. i'd like to think i can do that without having to commit to living on the bottom rung of society for the rest of my life. i'd rather live in a society where a person could get skilled at some craft and do alright with that, without having to dedicate time to keeping track of the market values of a couple dozen neo-currencies

i mean it probably wouldn't even be that much of a chore i just don't want to do it. it's like saying everyone needs to learn how to play basketball or they're going to miss out

  On 5/16/2021 at 8:15 AM, Rubin Farr said:

Who was willingly trying to buy krokodyl??

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me

  On 5/16/2021 at 2:43 AM, cyanobacteria said:

i think such a phrase assumes that are motivations that lead to actions.  with capitalism its rather that there are actions compelled by game theory.  that is why the beast of capital exists outside us and above us, both above the prloletariat and borgeoisie

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you're pretty well correct there man. but i think that's why you're never going to get rid of capitalism, and why some socialist/communist/whateverist utopia is nigh unattainable or at least unsustainable if ever reached (unless we're talking about some post singularity future or something similarly wild). cryptocurrencies aren't a stepping stone that i can see.

  On 5/16/2021 at 11:39 AM, auxien said:

 but i think that's why you're never going to get rid of capitalism

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with that attitude yeah you won't.... you know what they say, the divine right of kings seemed inescapable at the time and look where we are now.

  On 5/16/2021 at 11:39 AM, auxien said:

you're pretty well correct there man. but i think that's why you're never going to get rid of capitalism, and why some socialist/communist/whateverist utopia is nigh unattainable or at least unsustainable if ever reached (unless we're talking about some post singularity future or something similarly wild). cryptocurrencies aren't a stepping stone that i can see.

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indeed utopia is unattainable.  socialism and communism are not about utopia, and it is attainable now in varying forms.communism not yet, but socialism yes

  On 5/16/2021 at 11:41 AM, milkface said:

with that attitude yeah you won't.... you know what they say, the divine right of kings seemed inescapable at the time and look where we are now.

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i'm a realist, i guess. particularly with change regarding finance and money, because it's historically very slow and conservative. if you want a socialism-based society then the easiest way to get there is to either start from scratch (brand new land/society), to enforce it with absolute authority (dictatorship), or to slowly push a current society towards it with incremental changes (letting people see the good of shared economy via universal health care, higher taxes leading to greater quality of life or whatever, that sorta shit slowly showing that socialist-leaning ideals work in practice). 

edit: and most nations are well-established at this point in history. so slow incremental change is likeliest in most cases, and i don't see how a transition over to bitcoin/whatever is going to have any effect on that path. the currency itself isn't the problem (as Zeff pointed out above, there are already socialist-leaning/based societies today, and they aren't based on any fancy currency).

  On 5/16/2021 at 11:35 AM, Cryptowen said:

the krokodyl hunter

i mean don't get me wrong, i don't fault anyone for wanting to pursue this stuff. it's just that my personal makeup is such that i want to devote as little of my life to following financial markets as humanly possible (even if they're a new breed of financial market). it just isn't where my interests are. i'd like to think i can do that without having to commit to living on the bottom rung of society for the rest of my life. i'd rather live in a society where a person could get skilled at some craft and do alright with that, without having to dedicate time to keeping track of the market values of a couple dozen neo-currencies

i mean it probably wouldn't even be that much of a chore i just don't want to do it. it's like saying everyone needs to learn how to play basketball or they're going to miss out

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its not so much about keeping track of markets and altcoins as it's about bitcoin in particular and buying and holding it longterm.  if a person buys a good chunk of bitcoin and waits, they are set since altcoins follow the bitcoin price very strongly.  buy it and forget it.  consider it lost because you better hold for many years

  On 5/16/2021 at 11:51 AM, cyanobacteria said:

its not so much about keeping track of markets and altcoins as it's about bitcoin in particular and buying and holding it longterm.  if a person buys a good chunk of bitcoin and waits, they are set since altcoins follow the bitcoin price very strongly.  buy it and forget it.  consider it lost because you better hold for many years

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If you bought Bitcoin, I would hold it forever, or at least until an equally man made scarcity comes into existence to trade for it. After all, under the current protocol, there are only 21 million Bitcoin to mine, and we're already at 18.5 million mined.

another great one from him