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Topic: Are there any communists in this forum? Is it compatible with crypto? (Read 724 times)

legendary
Activity: 3542
Merit: 1965
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Bitcoin can actually help Communism when it is wrongly applied. The strict Bitcoin policies and KYC regulations that are being forced by governments, can be seen as a form of control and control is everything in a Communist regime. China and Russia is a good example where communism is showing it's influence on Bitcoin use and this is also applicable to Capitalist regimes.   Roll Eyes

The illegal use of Bitcoin grants people within these restrictive regimes, to have some kind of financial freedom and some privacy. The loopholes within these regulations are being closed up now and Bitcoin use via "legal" means, would become even more restrictive and less private.  Angry 
member
Activity: 336
Merit: 11
Since I am one of many people who lived in the Soviet Union and found a little while when the state structure was communism.  I want to say that ideally, communism is not equality of people, but, on the contrary, communism presupposes the slavery of its people in the moral, psychological and physical sense.  That is why cryptocurrency and communism are like north and south.  These concepts would never intersect.
hero member
Activity: 1890
Merit: 831
Hey

I think that not any single person here has their 100% money invested in Bitcoins. Everyone is holding up in banks too , therefore the point is the community is not entirely dependent upon Bitcoins therefore the force is already working where it can work leaving some spare money for investing in the other markets like :- share market, cryptocurrencies like Bitcoins.

It is acceptable as long as it doesn't take over the whole economy.
legendary
Activity: 1212
Merit: 1037
In my opinion crypto maximalism (which implies libertarianism, freedom from state's control of our money) is not compatible with being a communist or even a socialist, as the implementation of these systems requires always some kind of force being applied by the state to "redistribute" wealth, but maybe someone can prove me wrong.


Does that even matter? No matter who you are, you can be making use of cryptocurrency and no one would know that you're using, yep trust me. You can use it without being traced. You can decide to be exchanging through local sellers and that way there wouldn't be a trace of anything related to crypto to your bank, cause whenever you sell to those local buyers every payment is made from their bank account, so the bank will see it as just a regular transaction. So anyone can make use of crypto, despite what they believe and who they are. All that doesn't even matter.

Of course, I'm not saying you can't use it. I'm speaking from a merely ideological point of view. I believe that a communist system requires inevitably state control of all transactions and that is something that goes against the cryptoanarchist philosophy. So a communist taking advantage of crypto is not really a communist Smiley
full member
Activity: 798
Merit: 109
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Just sharing as what I have known, I guess cryptocurrency doesn't fit communism as communism is a very good example of centralization.
I won't even let them come into cryptocurrency. The cryptocurrency's sense would be nothing with them. But I guess, blockchain could also support communism but I am not so much sure of that. Communism and Socialism are not compatible with cryptocurrencies. It will never be.
legendary
Activity: 2884
Merit: 1117
I don't think its non-discriminate, it all depends on how you use. However, if you look at the first idea of satoshi and why he created it and even look at the code itself and see the rules that is mostly a leftist idea. It is in fact leftist not because its against any conservative idea or anything or even not against capitalism since its a currency itself and revolves around financial markets and all however it was created against banks and the idea of banks scamming people legally.

It is a bit of right idea and not left because bankers are usually defended by the right leaning political parties and usually disliked by the left leaning parties. However, the coin itself and many other coins do not have a specific agenda against the political parties, its just parties having their own agenda against the coin.
full member
Activity: 334
Merit: 100
In my opinion crypto maximalism (which implies libertarianism, freedom from state's control of our money) is not compatible with being a communist or even a socialist, as the implementation of these systems requires always some kind of force being applied by the state to "redistribute" wealth, but maybe someone can prove me wrong.


Does that even matter? No matter who you are, you can be making use of cryptocurrency and no one would know that you're using, yep trust me. You can use it without being traced. You can decide to be exchanging through local sellers and that way there wouldn't be a trace of anything related to crypto to your bank, cause whenever you sell to those local buyers every payment is made from their bank account, so the bank will see it as just a regular transaction. So anyone can make use of crypto, despite what they believe and who they are. All that doesn't even matter.
hero member
Activity: 1526
Merit: 596
I don't think that a compatible political ideologies are a necessary prerequisite for someone to use bitcoin at all.

One of bitcoin's essential features is that it is non-discriminant towards anyone, which is why it allows a lot of the unbanked to access global financial services in the first place. It doesn't matter whether you are left leaning or right leaning, all you need is a private key and address to start receiving and transacting on the network.

Thus, there is no such thing as "compatibility" with BTC, at least in my opinion. People in communist states can use BTC just as easily, if not providing more utility, than everyone else.
Ucy
sr. member
Activity: 2674
Merit: 403
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A president of a country has tried a communist type of cryptocurrency (called petro or something) but it seems to have failed.  Some other new projects are trying similar kind of centralized coins. We allow these ideological differences as long as they are not forced on anyone or the community.
hero member
Activity: 1120
Merit: 554
Despite what you may think very few people that own bitcoin are libertarians.  Check out the politics & society and you will see many people support socialism.  Capitalism is a ruthless system that takes advantages of individuals and destroys the environment in the process.
legendary
Activity: 3528
Merit: 7005
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You probably won't find many self-identifying communists here, and if there are any they'll likely keep that to themselves.  Ever notice how on this forum VERY few people give out any details about themselves?  A big part of that is because of the bounty shitposters who just write generic statements that have nothing to do with them personally, but the other part is that people like to remain anonymous.

That's my guess, anyway, and I could be completely off the mark.  China is a communist country, correct?  And we know how big crypto is there.  As for myself, I'm a devout capitalist and proud of it.  Not that I have a lot of money, because I don't.  But I believe that it's the best system in existence, certainly far better than communism.  But I don't agree that cryptocurrency is incompatible with communism. 

I doubt that most people living in communist countries really love that system, and they probably can appreciate what crypto can do for them as far as keeping their financial business away from the prying eyes of their government.  That actually holds true for many capitalists, too; maybe more.
hero member
Activity: 2730
Merit: 585
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There might be some miscommunications between the crypto users about the implactions of what crypto brings into the world and that is why we have people are who totally opposite of each others in this space. For example people who are communist or at least lets say leftist that believe most of the country should be working to bring in people together and make things free and cheap and livable while some people believe countries should work towards making as much money as possible while trying to be better than other countries.

Now, the people who are leftist that believe the socialist stuff think that crypto is against banks and they give power to people so they support it, whereas rightist people support that bitcoin is a way to make money with buying low and selling high just like wall street stuff so they like it. Two VERY different type of people all loving crypto for way different reasons.
hero member
Activity: 1680
Merit: 655
Why not compatile,Coomunism says about wealth distribution which might be possible with decentralized money so it is going to be perfect suit fo the communists I guess.But money is something that everyone needs so if crypto made to be a payment method the communists or athist or any other group of people will be enforced to use it.

I guess that you don't know what you are talking about, if the government has no control on where the cryptocurrency from their citizens' wallets are going then having cryptocurrencies in their country is a bad idea. That's the point of what a decentralized currency means without any kind of regulation then communist governments literally don't have any control on their citizen's money and their government system would fail. It will be the direct opposite for what that government wants to happen.
legendary
Activity: 2968
Merit: 3684
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Yeah, I think all the conventional silo'ed definitions of types of governments (which anyway hardly ever reflects the professed ideology for social organisation) don't fit anymore.

I mean, I can't tell left from right these days. Can't even call socialist countries (Vietnam and China closest to me) as where I'd find actual communists, since the guys I know from there would put capitalist America to shame.

Then we'd also need to clarify our definitions of crypto. I'm of the cloth that feels the majority of alts are very, very far removed from Bitcoin in every respect other than basic architecture. Bitcoin might not be compatible, but the rest of crypto, well. They're supremely flexible to be compatible with any ideology. We've got BNB, XRP, BCH, and now GlobalCoin to prove that.

sr. member
Activity: 2520
Merit: 280
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Why not compatile,Coomunism says about wealth distribution which might be possible with decentralized money so it is going to be perfect suit fo the communists I guess.But money is something that everyone needs so if crypto made to be a payment method the communists or athist or any other group of people will be enforced to use it.
sr. member
Activity: 854
Merit: 281
In my opinion crypto maximalism (which implies libertarianism, freedom from state's control of our money) is not compatible with being a communist or even a socialist, as the implementation of these systems requires always some kind of force being applied by the state to "redistribute" wealth, but maybe someone can prove me wrong.

While you may be right about the incompatibility of communism with bitcoin, such ideological contradictions have never prevented high-ranking communists from living in luxury or accumulating wealth. I suspect there are people all throughout the political spectrum interested in cryptocurrencies, and that those holding seemingly conflicting ideas will somehow rationalize owning bitcoin.

Given that bitcoin is not an end but rather a means to an end, perhaps it is compatible with very different ideologies. In theory, a communist country could hold it as a reserve to boost its currency or to distribute evenly, perhaps.

Of course, the elites have never applied the same rules to themselves that they applied to the masses. But I was talking here about supporters of a communist system from the bottom up, not about the actual leaders who implement the dogma (who as you said are only interested in power and don't really care if they need to apply communism or any other economical doctrine).

I find interesting what you say about holding it as a reserve though, but the moment you plan to distribute evenly it will lose all anonymity and all transactions will be traceable back to the individual, and the whole point of using a cryptocurrency will be lost.

I'm not quite sure rank-and-file communists are any less corruptible than those in power. So I imagine people of all ideologies holding bitcoin and rationalizing it.

As for a communist state using bitcoin as a reserve or to distribute evenly, the loss of anonymity would presumably be seen as a benefit to such a regime, since such regimes love to micromanage everything.
legendary
Activity: 1212
Merit: 1037
In my opinion crypto maximalism (which implies libertarianism, freedom from state's control of our money) is not compatible with being a communist or even a socialist, as the implementation of these systems requires always some kind of force being applied by the state to "redistribute" wealth, but maybe someone can prove me wrong.

While you may be right about the incompatibility of communism with bitcoin, such ideological contradictions have never prevented high-ranking communists from living in luxury or accumulating wealth. I suspect there are people all throughout the political spectrum interested in cryptocurrencies, and that those holding seemingly conflicting ideas will somehow rationalize owning bitcoin.

Given that bitcoin is not an end but rather a means to an end, perhaps it is compatible with very different ideologies. In theory, a communist country could hold it as a reserve to boost its currency or to distribute evenly, perhaps.

Of course, the elites have never applied the same rules to themselves that they applied to the masses. But I was talking here about supporters of a communist system from the bottom up, not about the actual leaders who implement the dogma (who as you said are only interested in power and don't really care if they need to apply communism or any other economical doctrine).

I find interesting what you say about holding it as a reserve though, but the moment you plan to distribute evenly it will lose all anonymity and all transactions will be traceable back to the individual, and the whole point of using a cryptocurrency will be lost.
sr. member
Activity: 854
Merit: 281
In my opinion crypto maximalism (which implies libertarianism, freedom from state's control of our money) is not compatible with being a communist or even a socialist, as the implementation of these systems requires always some kind of force being applied by the state to "redistribute" wealth, but maybe someone can prove me wrong.

While you may be right about the incompatibility of communism with bitcoin, such ideological contradictions have never prevented high-ranking communists from living in luxury or accumulating wealth. I suspect there are people all throughout the political spectrum interested in cryptocurrencies, and that those holding seemingly conflicting ideas will somehow rationalize owning bitcoin.

Given that bitcoin is not an end but rather a means to an end, perhaps it is compatible with very different ideologies. In theory, a communist country could hold it as a reserve to boost its currency or to distribute evenly, perhaps.
legendary
Activity: 1212
Merit: 1037
I think it depends on why someone calls themselves a communist/socialist. Many left-leaning people aren't really in favour of government control of everything, really to many it's just an oppositional position under the umbrella of "opposed to market capitalism". I think for people who don't like the current system where the rich get richer and the poor get poorer, they just want something fairer in place, the actual apparatus and mechanism of this alternative being less important. If the cost is government control then so be it. So I think in this way communism/socialism and bitcoin are compatible - they are both different oppositional approaches to replace the current prevailing ideology.

I can't imagine a way of implementing a "fairer" (which is of course a very subjective concept) world without taking money from some people and giving it to others, and of course all this passing through the hands of a designated and trusted third party (the government). Since crypto can't be confiscated I see a huge conflict of interests in place.
sr. member
Activity: 1148
Merit: 252
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I think that you are right and cryptocurrency are incompatible in communism. Cryptocurrency gives more freedom and more suited to liberal ideology.
I do not agree with your statement, I feel more like cryptocurrency can be used for many people and all humans can use cryptocurrency for transactions wherever you want.
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