Socialists (hard left/communists) find themselves in a position, where they have to support fiat, no matter what little socialist programs actually exist and without internal malfunction, giving power to the capitalist system they claim to be up against. The fact is we can't just move to a moneyless society right away as there is a lot of contending factors, while the far left have very specific imagined ways of this process going down. They can never admit that Bitcoin has been a better contender for the time being when it comes to challenging the status quo for real space in the mining and energy process, instead they attack Bitcoin for these reasons that makes it strong. It reminds me of those that promote low energy usage + renewables instead of the more logical thing which is nuclear energy giving a vast surplus of energy. "bad money drives out good money" I think Bitcoin wouldn't be mainstream forever if it ever is, instead crypto itself would become very mainstream and that leaves room for an actual socialist system based on equality instead of elitism. But Bitcoin is a better path towards equality over elitism, yet these leftists find themselves supporting an elitist form of events in their hate of the current capital reality as right wing logic corrupts some of their own logic.
UBI is radical socialism.
It is inevitable as we become obsolete.
The very premise of crypto was invented to undermine government authority and subvert paper trail evidence. What do you think Socialism even is? The image you have in your head is vastly different from reality. In a socialist system, the government really doesn't want you to use decentralized currency. Why? because it de-values currency of the nation. Socialist countries HATE crypto because of the fact that it is hard to trace. Very simple, socialists love power and control.
What do you mean by "leaves room for an actual socialist system based on equality instead of elitism"? These words have a lot of meaning and you're haphazardly throwing shit out there hoping some of it will stick.
What does it mean to "build a path towards equality over elitism"?
WHO can you apply these principles to in practice?
HOW do you define equality?
WHY is equality undeniably favored over elitism?
WHAT is elitism?
WHERE would this be applied?
WHEN will you stop speaking in generalities?
https://crypto.news/russia-to-ban-bitcoin-mining-in-key-regions-due-to-electricity-deficit/
https://www.investopedia.com/news/price-cryptocurrencies-totally-dependent-china/
https://www.dailyforex.com/forex-articles/is-bitcoin-legal-in-bangladesh/218129
Only a few cryptocurrencies are private. Monero is the most popular one.
The rest of cryptocurrency is very trackable. The blockchain keeps a record of every transaction a wallet has made, forever without anyway to alter it.
In the space there is something called an On-Ramp, this is were we're able to cash in and out of crypto. Some governments have already issued rules for on-ramps such as keeping track of who is buying and selling Crypto.
On-Ramps are all KYC ( Know your customer )
The On-Ramps can then see which wallets their customers send their cryptocurrency to, and they can see the entire transaction history of that wallet. Most on Ramps are exchanges, while some are dedicated to cashing in and out. ( It's cool when we cash out, the on ramp will show the total, then we can wire it to the bank. )
Transparency on the Blockchain is part of what made it possible to store value on it. For it is the truth on who has what. If it wasn't transparent, then any ass can fake a token and multiple it behind closed doors. The project would then have no value.
Bitcoin being the least advanced cryptocurrency is very trackable, same with Ether and everything on the Ethereum Blockchain, and other blockchain networks, except Monero.
Monero is that one coin governments want to outlaw and it's more recently been blacklisted on some exchanges, when really it's like cash. It's the coin the Bitcoin noobs should love because it's what they think Bitcoin is.
Stollen Crypto Currency ?
We can see which wallet it went to, then when it goes to a massive whale account it's probably been sent to an exchange. That's when the thief gets busted when they try to sell the crypto, plus anyone who receives payment from that wallet will also be on radar.
My wallets can be tracked all the way back to my mining rigs and bank transactions. The Bank and confirm it, the KYC onramp can confirm it, and the blockchain can confirm it.
So while we're anonymous our wallets are public and the people we might want to hide it from the most, which is government, can already monitor our crypto transactions.
In Canada we don't get taxed for crypto unless a business uses it as payment, as crypto currency is seen as a commodity and not money and rightfully so. When cashed out we'll owe income tax, and if we trade daily or do it for others, we'll been classified as a broker and will be charged capital gains taxes.
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Can Bitcoin replace the finance system ?
Nope.
Bitcoin can only handle 7tps. Some transactions will take 10-15 minutes while some Bitcoin transactions have been known to take up to 3 hours.
If the world started "widely" using Bitcoin as a currency. The Bitcoin blockchain will be ddos attacked endlessly. The way to do this... it will have to be placed in a reserve and it'll be used to back another currency. A Bitcoin standard currency. This also won't be good cause then more people will use Bitcoin because of that and congest the network.
A quick look at VISA and we see it can handle over 56,000 tps, while other credit card companies are the same.
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There are different reasons why people get into crypto. Some do it cause they want to get rich but at this point in time Bitcoin will not make those who can't afford a full BTC into a millionaire.
Then there are those who get into cryptocurrency cause they are simply activists who think it's a way to stick it to the man, or the government, while their hopes and dreams for society and cryptocurrency won't be happening with today's blockchain technologies.
UBI is radical socialism.
It is inevitable as we become obsolete.
An autonomous society will have to adapt, or not participate with autonomous things to begin with. It doesn't work if the machines take all of the jobs, while the companies that have people working for them will be getting all of the business, simply because it doesn't work for us to support a company without workers cause people need to strive in order for us as individuals to strive.
We see the robotaxi coming out. Ai car.
There will be more full self driving cars on the road, and they'll become safer drivers.
I think as an incentive to letting the Ai drive, we'll receive a token, so we'll get paid to commute from A to B. A form of mining or minting passive income. The token will be bought and sold and used to discount purchases like a points card, or straight up currency. This will be the way with pretty much everything. Men will still seek to be valuable and he'll look like hot shit building his own things regardless if he used some advanced machine to assist him in some way. His own hot rod or clothing will be his way of standing out in a lazy society and scoring some tang.
This statement on it's own to me makes no sense at all, do you see the WALL-E dystopia as impossible?
It doesn't work if the machines take all of the jobs, while the companies that have people working for them will be getting all of the business, simply because it doesn't work for us to support a company without workers cause people need to strive in order for us as individuals to strive.
I expect the corporate model to evolve towards a UBI format; When they can expect every person to be accumulating the same amount of money every month they can build models around the expectation.
When it's cheaper and easier for those at the top to have machines with a few human workers as maintenance, why would they hire humans anymore? We already see people losing their jobs, I don't share your optimism so much as present my own over a post-work world.
We will be that much closer to returning to The Garden of Eden model, where work itself is no longer required of us unless we choose to do so. We will hold onto whatever occupations machines can't do to solve human irritation, and with time, machines will shorten down a percent of a percent of working people.
This even stands to give reason to discontinue Sweat Shops, it could change everything. Suddenly how I live is liable to become the norm, and I suspect the only thing left as we burn through resources will be a question of how to power it all. Fifteen Million Merits from Black Mirror essentially shows us how society could be powered through exercise bikes and media entertainment, rendering anything else no longer necessary.
Even with the inevitable lean towards Streamlining alone, we're liable to see corporate interests fuse into only MegaCorps. It'll be more like how Cyberpunk demonstrates Arasaka's Corpos.
We see the robotaxi coming out. Ai car.
There will be more full self driving cars on the road, and they'll become safer drivers.
Automatic cars are what serve as the strongest counterweight versus human autonomy in first world countries.
Without a need for cars stops a need for truck drivers, delivery drivers, taxi services, even gas stations. There is a reason Union Interests have opposed the self-driving car, and it's not safety concerns as much as that might be the story they're spinning towards the common man.
Eventually the curtain will be lifted and the technology will be unavoidable. There will be few to no writers, artists, laborers, everything, and we'll have tons of time to sit there and question what to do with it. It will be a retirement of the human race overall, it will be the exception to the rule to see a human laborer past a point in our timeline.
UBI makes the most sense, and Post-Modern Socialism is the way to make it happen.
In the US, about 259,352,100 are of the age to receive UBI. That most of the US.
It would cost.... $259,352,100,000 a MONTH to give them $1000 monthly.
= $3,112,225,200,000
Three Trillion...one hundred twelve Billion.... 225 million.... 200 hundred thousand. A year.
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Today's inflation is from money printing. At this scale.... Prices would go through the roof, as the dollar is endlessly losing it's purchasing power.
Zimbabwe has a 100 Trillion dollar bill and it isn't worth much. They actually use USD cash over there. You can find a lot of 2 dollar notes circulating there in poor condition.
UBI would destroy the USD.
UBI is radical socialism.
I said I don't agree with socialists, not socialism. I get it wasn't clear in the title but in the post it is.
In the US, about 259,352,100 are of the age to receive UBI. That most of the US.
It would cost.... $259,352,100,000 a MONTH to give them $1000 monthly.
= $3,112,225,200,000
Three Trillion...one hundred twelve Billion.... 225 million.... 200 hundred thousand. A year.
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Today's inflation is from money printing. At this scale.... Prices would go through the roof, as the dollar is endlessly losing it's purchasing power.
Zimbabwe has a 100 Trillion dollar bill and it isn't worth much. They actually use USD cash over there. You can find a lot of 2 dollar notes circulating there in poor condition.
UBI would destroy the USD.
and yet we already have a debt based economy and a lot of money is already spent elsewhere. part of high population is lack of education and resources to begin with. three trillion means nothing. it's giving back money to the people instead of depriving them like you would want in your conservative fantasy world.