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

[dingformung]

Just now, zkom said:

In practice it's always been centrally planned economy so far. The lack of central authority to define how the resources and workload are distributed is more anarcho-communism imo, but there are multiple branches of communism and sometimes the ideological differences are subtle.

I think communism is a nice idea but in practice just creates a new ruling class that has even less accountability than any elite in capitalist democracies and as an economic system is very inefficient, rigid and hierarchical. I much prefer democratic welfare states mixed with strictly controlled capitalism that still allows private enterprises but works on mitigating the worst aspects of free markets. Free education, healthcare, public transport, etc and welfare funded by taxes. Private companies to provide non-essential services and products.

Well, in practice communism has never existed at a greater scale. What Mao and the Soviet Union did wasn't communism. You can trust their self-description as much as you can believe China that it doesn't rape the Uyghurs.

From a Marxian perspective communism is the logical consequence of socialism (or a long-term perspective of socialism), which in turn develops from capitalist societies. If I understand it correctly, he believed that these transitions can only ever happen through sudden steplike changes (revolutions), which is where I'd disagree with him, but I do think that through gradual reforms we are headed towards a more and more communist society in the long-term. The amount of violence and poverty has (with some setbacks) constantly decreased over the last centuries while laws and governance have improved (for the most part).

The form of economy/society/political system you describe is already closer to what Marx had in mind when saying "socialism" than to the form of capitalism that existed at his time.

[may be rude]

tesla getting into btc is significant.

 

it may take 15 years, but hype alone may establish the adoption that will bring the stability that makes a currency

 

i still think it's a mafia pyramid scheme

 

what about rubies? rubies are not fiat. also they use 0 electricity. but they're not encrypted

[zkom]

8 minutes ago, dingformung said:

Well, in practice communism has never existed at a greater scale. What Mao and the Soviet Union did wasn't communism. You can trust their self-description as much as you can believe China that it doesn't rape the Uyghurs.

From a Marxian perspective communism is the logical consequence of socialism (or a long-term perspective of socialism), which in turn develops from capitalist societies. If I understand it correctly, he believed that these transitions can only ever happen through sudden steplike changes (revolutions), which is where I'd disagree with him, but I do think that through gradual reforms we are headed towards a more and more communist society in the long-term. The amount of violence and poverty has (with some setbacks) constantly decreased over the last centuries while laws and governance have improved (for the most part).

The form of economy/society/political system you describe is already closer to what Marx had in mind when saying "socialism" than to the form of capitalism that existed at his time.

Yeah, I'm not going to start debating Marxist theory. I can freely admit I don't know it that well. But I've been to quite a lot of countries that are or used to be "communist" and seen how it has played out in them so I'm not very optimistic about the whole concept.

[zlemflolia]

8 hours ago, zkom said:

For me crypto currencies are almost an antithesis of communism. Communism is about a total government control of the economy with government representing the people. Crypto currencies create an opaque shadow economy that has no government oversight. If they are something it's more like an ultra-capitalist libertarian pipe dream of an economy totally beyond government control.

In my opinion we should increase the transparency of all economic activity to curb tax evasion, corruption, black market arms dealing, child pornography, extortion, etc, not willfully make that all easier in some misguided attempt at sticking it to the man.

your understanding of communism is just completely wrong in theory, and in practice this has never been observed. and it's not misguided.  what do you advocate, deleting crypto from existence? good luck

[zlemflolia]

2 hours ago, zkom said:

In practice it's always been centrally planned economy so far. The lack of central authority to define how the resources and workload are distributed is more anarcho-communism imo, but there are multiple branches of communism and sometimes the ideological differences are subtle.

I think communism is a nice idea but in practice just creates a new ruling class that has even less accountability than any elite in capitalist democracies and as an economic system is very inefficient, rigid and hierarchical. I much prefer democratic welfare states mixed with strictly controlled capitalism that still allows private enterprises but works on mitigating the worst aspects of free markets. Free education, healthcare, public transport, etc and welfare funded by taxes. Private companies to provide non-essential services and products.

central planning is superior to the anarchy of capitalist markets.  anarcho-communism's end goal is communism which is the same as the end goal of marxist-leninists, it's just that marxist-leninists actually have theory on how to achieve it whereas anarcho-communists don't really

with like-kind economic central planning calculation you can be significantly more efficient than the anarchy of the market

note, central planning doesn't mean centralized powers doing the planning - with cryptocurrency, or in general with decentralized consensus networks, it can be decentralized where we all do it together because the algorithms run on all of our computers at once

Edited February 18, 2021 by cyanobacteria

[zkom]

4 minutes ago, cyanobacteria said:

what do you advocate, deleting crypto from existence? good luck

I know it can't be deleted from existence but it can be made illegal to use which would remove it from regular usage and significantly hamper any investments since all transactions from regular currencies to crypto would have to be made illegally. Meaning you wouldn't be able to just download an app from Google or Apple store to trade in crypto. And in EU if you suddenly store a significant amount of money on your bank account without an explanation all sorts of alarms go off signaling illicit funds being transferred or stored. Small transfers would go unnoticed of course but anything beyond a few thousand euros would require the money to be laundered somehow. Good luck explaining where you suddenly got 100k€ if it originated as crypto. Also no legitimate store would accept it, you could basically pay only for things that are already illegal.

So yes, it can't be deleted but it's usage in large amounts can be made very difficult by criminalizing it which would cause the value to crash.

[zlemflolia]

4 hours ago, zkom said:

I know it can't be deleted from existence but it can be made illegal to use which would remove it from regular usage and significantly hamper any investments since all transactions from regular currencies to crypto would have to be made illegally. Meaning you wouldn't be able to just download an app from Google or Apple store to trade in crypto. And in EU if you suddenly store a significant amount of money on your bank account without an explanation all sorts of alarms go off signaling illicit funds being transferred or stored. Small transfers would go unnoticed of course but anything beyond a few thousand euros would require the money to be laundered somehow. Good luck explaining where you suddenly got 100k€ if it originated as crypto. Also no legitimate store would accept it, you could basically pay only for things that are already illegal.

So yes, it can't be deleted but it's usage in large amounts can be made very difficult by criminalizing it which would cause the value to crash.

it's already illegal to engage in any trade for those purposes.  crypto enables those purposes but fiat currencies like USD are used in the vast majority of cases.  do you want to abolish USD?  I'm all for it, let's upgrade to communism and do so

[iococoi]

 

[Cryptowen]

The most affective way to learn any subject is to study its conspiracy iceberg

[zkom]

 

[Silent Member]

1 hour ago, Cryptowen said:

The most affective way to learn any subject is to study its conspiracy iceberg

How much for Afex Aventures NFTs?

Edited March 2, 2021 by Silent Member

[Cryptowen]

9 minutes ago, Silent Member said:

How much for Afex Aventures NFTs?

ngl i sometimes get the urge to make new afex aventures (usually it's when i'm posting in the write something random thread a lot). the main reason i've held off is because i don't currently have a wacom tablet, and the idea of hand-drawing + scanning them seems less funny to me (i associate putting effort into things with them being less funny, somehow. notice how most effective memes look like they were made in about three minutes). i mean like if i can get one for under say 80 bucks i just might hop on it. i miss having illustrated shitposts

Edited March 2, 2021 by Cryptowen

[Silent Member]

Watmm needs to do a fundraiser.

[zero]

43 minutes ago, Silent Member said:

Watmm needs to do a fundraiser.

yeah like maybe joyrex can put all those $3 fees he collects into crypto, then when the billions roll in he pays all of us for coming here in the first place

[Silent Member]

I was thinking of buying crypto-wen a wacom tablet, but that's also a good idea.

[zlemflolia]

2 hours ago, Cryptowen said:

ngl i sometimes get the urge to make new afex aventures (usually it's when i'm posting in the write something random thread a lot). the main reason i've held off is because i don't currently have a wacom tablet, and the idea of hand-drawing + scanning them seems less funny to me (i associate putting effort into things with them being less funny, somehow. notice how most effective memes look like they were made in about three minutes). i mean like if i can get one for under say 80 bucks i just might hop on it. i miss having illustrated shitposts

you made those? legendary pls make more

[Cryptowen]

2 minutes ago, cyanobacteria said:

you made those?

it tru

those comix are by far the most popular thing i've made to date, definitely moreso than any tracks i've done (afaik). i still from time to time see them appear randomly on social media, and in fact more than once i've had someone random mention them irl before they knew i had made them (usually in the context of me making a little doodle & someone saying "oh, that reminds me of a meme comic i saw about electronic music..."

[zkom]

15 hours ago, Cryptowen said:

it tru

those comix are by far the most popular thing i've made to date, definitely moreso than any tracks i've done (afaik). i still from time to time see them appear randomly on social media, and in fact more than once i've had someone random mention them irl before they knew i had made them (usually in the context of me making a little doodle & someone saying "oh, that reminds me of a meme comic i saw about electronic music..."

I remember when my most listened track was sample manipulation of a bunch of dried peas rolling on steel pot lid to simulate the intro of VI Scose Poise and I was wondering why the fuck this is getting so many listens.

[Cryptowen]

2 hours ago, zkom said:

I remember when my most listened track was sample manipulation of a bunch of dried peas rolling on steel pot lid to simulate the intro of VI Scose Poise and I was wondering why the fuck this is getting so many listens.

meme culture really does a great job sometimes of demonstrating how the things that get you noticed (and the ways in which they are noticed) might be extremely far removed not only from what you were hoping would get noticed (the stuff you worked really hard on), but also what you were afraid would get noticed (your points of neurotic fixation). It's usually something completely random that gets noticed, and for reasons which have little or nothing to do with you as a person. For instance, way back when I had a photo tumblr, the shot that got many thousands of reblogs was a random one of the town oil refinery - and mostly all by environmentalist blogs that wanted to comment on man's desecration of the earth, rather than on the merits of the photo itself. tbh i hadn't even been thinking of the refinery as a refinery when i took the shot, I was mostly just seeing metal pipes & shades of grey that I liked.

Spoiler

i don't still have the photo, that was a few computers ago. there are entire albums of mine that i no longer have copies of!

 

[acid1]

For whatever reason I've been thinking about how the first day/week/month of running bitcoin must have been like.

The first 50 BTC mined from the genesis block went to an invalid wallet. So how were the first bitcoins obtained to be given to the people?
It's my understanding that mining is the process of block rewards for hashing blocks full of transactions with a certain number of zero's prefixed based on the current difficulty. The first bitcoin blocks seem to only have one "coinbase" transaction each to a seemingly unique address.

Does this mean Satoshi was running multiple instances of bitcoin on multiple machines? Can you configure bitcoin to generate new private keys for you each time you solve a block? Did he do this on purpose to look like a "group"? 

[Nebraska]

Quote

Bitcoin uses more electricity annually than the whole of Argentina, analysis by Cambridge University suggests.

But the rising price offers even more incentive to Bitcoin miners to run more and more machines. And as the price increases, so does the energy consumption, according to Michel Rauchs, researcher at The Cambridge Centre for Alternative Finance, who co-created the online tool that generates these estimates.

“It is really by design that Bitcoin consumes that much electricity,” Mr Rauchs told BBC’s Tech Tent podcast. “This is not something that will change in the future unless the Bitcoin price is going to significantly go down."

https://www.bbc.com/news/technology-56012952

[ignatius]

 

[zlemflolia]

On 3/4/2021 at 11:05 AM, acid1 said:

For whatever reason I've been thinking about how the first day/week/month of running bitcoin must have been like.

The first 50 BTC mined from the genesis block went to an invalid wallet. So how were the first bitcoins obtained to be given to the people?
It's my understanding that mining is the process of block rewards for hashing blocks full of transactions with a certain number of zero's prefixed based on the current difficulty. The first bitcoin blocks seem to only have one "coinbase" transaction each to a seemingly unique address.

Does this mean Satoshi was running multiple instances of bitcoin on multiple machines? Can you configure bitcoin to generate new private keys for you each time you solve a block? Did he do this on purpose to look like a "group"? 

in the beginning wallets were nonexistent, satoshi would have generated addresses individually and stored them on his computer.  the first bitcoins obtained weren't given to people, i remember reading he had to hard-code the code to specially work for the first block because it has no previous blocks to reference.  I'm sure he was running instances on multiple machines at least, for testing purposes, since it's a distributed system.  i doubt he did it to look like a group or try to trick people since everyone knows he was clearly the first miner.  we know he didn't premine it significantly though because of the newspaper article title he put in the first block, "Chancellor on brink of second bailout for banks"

Edited March 9, 2021 by cyanobacteria

[Alcofribas]

21 hours ago, ignatius said:

 

someone should tell the department of defense that muslim weddings are happening in these facilities...

[prdctvsm]

A jpeg for $70m: welcome to the strange world of cryptocurrency art

Aphex Twin NFT sold at auction for $128,000