Who Really Loves Blockchain? Socialists

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    • #389247
      eridani
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      • Total Posts: 9,009

      https://www.ozy.com/the-new-and-the-next/who-really-loves-blockchain-socialists/397843/

      After graduating from college, he had student debt and a job he describes as shitty, in addition to working as an Uber driver. “I went deeper into left-wing theory during this period,” says Adrian (because Adrian doesn’t want his radical politics to interfere with his life, he asked that we not use his real name). “But I was also searching for ways to make rent. Which made me have a closer look at stocks and eventually cryptocurrencies.”

      As Adrian got hooked on blockchain, a whole new world opened up. “It was a wormhole from there,” he says. “I realized we could automate away the capitalists.”

      It’s an idea that a small but growing set of left-wingers are exploring. Cryptocurrencies like Bitcoin, blockchain and the underlying technology have traditionally been the preserve of the libertarian right. Many of the field’s leading figures are libertarians, and some of their economic beliefs are foundational for the community.

      Socialists, though, are increasingly embracing the potential of blockchain to assist their political plans. This year Cryptocommunism, a book by French philosopher Mark Alizart, was translated into English. Yanis Varoufakis, the former finance minister of Greece and a left-wing icon, has repeatedly mused about the uses of Bitcoin for the left. The socialist government of Venezuelan President Nicolás Maduro started a botched cryptocurrency experiment in 2018 to evade U.S. sanctions. Adrian himself hosts a podcast about cryptocurrencies and has founded a Reddit community called r/CryptoLeftists.

      Jesus: Hey, Dad? God: Yes, Son? Jesus: Western civilization followed me home. Can I keep it? God: Certainly not! And put it down this minute--you don't know where it's been! Tom Robbins in Another Roadside Attraction

    • #389290
      ThouArtThat
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      • Total Posts: 4,543

      @eridani

      Hi eridani,

      But is Block Chain the underlying technology which will eliminate money as we know it? If all money is controlled by Block Chain, then the powers that be can see and control all transactions by everyone. How, by simply controlling where you can spend your BitCoin. Good here but not there. Like having your credit card denied at the stores today.

      https://jackpineradicals.com/boards/topic/catherine-austin-fitts-economic-totalitarianism-planet-lockdown/

      TAT

      “Those who make peaceful revolution impossible will make violent revolution inevitable."
      - John F. Kennedy

      "The further a society drifts from the truth the more it will hate those who speak it."
      - George Orwell

      "It is no measure of health to be well adjusted to a profoundly sick society."
      - Jiddu Krishnamurti

      "Sometimes a pessimist is only an optimist with extra information."
      - Idries Shah

      "A riot is the language of the unheard."
      - Martin Luther King

      • #399950
        Voltairine
        Participant
        • Total Posts: 1,997

        But is Block Chain the underlying technology which will eliminate money as we know it? If all money is controlled by Block Chain, then the powers that be can see and control all transactions by everyone. How, by simply controlling where you can spend your BitCoin. Good here but not there. Like having your credit card denied at the stores today.

         

        Blockchain tech has the potential to eliminate money-as-we-know-it. Blockchain is public data chain, everybody can see the data. But no central authority can control it (unless so designed on purpose), as blockchain is based on distributed computation. It’s decentralized network of data sharing and verification, so that all participants can reach the same consensus of data.

        Bitcoin is only good for store of value, IMO it has no chance of becoming means of exchange. One of the most interesting and promising aspect of programmable blockchain platforms (Ethereum etc.) is new level of creativity for self-governance models, why socialists interested in co-ops and their evolution see huge potential on blockchain. What “money 3.0” could and would be like, if anything, it’s worthless if  money creation and distribution is not socially owned, and there are no governance models that can handle up to global scale social ownership.

         

        Aloha!

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