Topic: Are cryptocurrencies creating a single world caste system? - page 2. (Read 2073 times)

True free-market capitalism has NOTHING to do with today's conditions, since we do not have free-market capitalism.

Why would bitcoin change capitalism?   Its just a proposed currency.   Not a economic system unto itself.

Decentralized banking and deflationary (gold backed) curency are pre Modern.   Didn't work back then so why would it work now?   Study the history of money and banking and you'll see

There is a legit use for alt coins:
Super-low transaction fees.

Don't know what the hell you're talking about, but capitalism is already a worldwide socio-economic caste system. And again, it has been this way for a very long time.



Cryptocurrency is our first chance since the adoption of capitalism at changing this paradigm, do you understand?

This is the most exciting time we could possibly be alive. We will see more social evolution in the course of the next decade than we have seen in the previous five decades combined.

By comparison, even the internet is mere entertainment, child's play.

True, but cryptocurrencies may aid in combining all different caste systems to create a single caste system applicable to the entire world.  Which is neither good or bad, in my opinion.

The socio-economic caste system was here LONG before cryptocurrencies.

Thanks, capitalism.

I don't necessarily see it as a caste/class type of system. As long as exchanges and intermediaries exist between bitcoin and altcoins (with percent based exchange fees rather than flat exchange fees), I don't think it'll cause a financial schism effect as you're proposing. But I can imagine certain parts of the world being drawn to different crypto-currencies.

unless bitcoin miners demand less transaction fees. then people trying to gather dust from faucets wont be able to start, or trade it much.

and only the guys moving 100's of coins would do so, because to them the fee's are 0.000001%

but for daily users wanting a 50c pack of gum. or in thailand a 40bhat beer the fee is about 2%-5%

Is the system of cryptocurrencies helping to create a world caste system?  Caste systems or class systems have always existed in all organizations but the biggest exception has been the cultural, regional, monetary boundaries that existed between nations that prevented a person from easily hopping from one society to another and being excepted as the person within the same class (i.e.: a lawyer from one country moves to another and becomes a janitor due to different national laws and language).  By the way, I am not dissing janitors; I know a few who have worked their way to own their own janitorial businesses and are now millionaires.  English is widely becoming a world language.  Cultural boundaries are becoming thinner due to a growing population of international relocation and ...Youtube.  The last factor of this world-merge is a world currency.  It seems as though Bitcoins are becoming the first-world currency with other cryptocoins filling out other monetary values around the world.  I see this world-merge as neither good or bad.  A worldwide caste system would mean that the hope of moving to another region on earth to change one's position of life would be diminished, though changing one's position in life through hard work, education, and luck would still be possible.  A merged world would mean less wars but of course murders and other human ugliness would still exist; more people may also be on prescriptions such as anti-depressants and etc.  So why am I writing this?  Probably because I'm drunk.