EightBitBlood comments on overwhelming furry

[–] EightBitBlood@lemmy.world 1 point 1 year ago* (6 children)

As a business owner in any country, I can accept crypto as payment. Because modern crypto doesn't need a payment processor. You can do transactions directly from your wallet and avoid needing to involve the state, banks, or anyone but you and your customer. You can even build websites on the blockchain connected directly to your wallet. Or tokenize physical goods to sell there without needing anything but the internet.

It's up to you to report your sales on the blockchain for taxes. It's not at all, in anyway, monitored by any government as that's what the distributed ledger tech was designed to avoid.

If you want a new world. Waiting isn't going to make it happen. You can use crypto right the fuck now to take money away from the system it's trapped in. You just want to pretend it isn't accessible because of government control, when escaping that control is the very reason crypto was created to exist.

Trump is certainly a scammer. But he is also, unquestionably, an idiot. And that works in both directions. Against us. But also against his capitalist backers.

He is unquestionably deregulating laws on crypto everyday, to his own benefit - but that also just makes using crypto and hurting capitalism easier.

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[–] AsyncTheYeen@lemmy.world 1 point 1 year ago (5 children)

You did not read the constitution of every country in the world to assert that

Individual action does not solve coletive problema, you should organize yourself with your fellow workers at a union and do as many strikes as you can to fight against the owners of the means to your work, this was historically proven to solve many class conflicts, join the communist party of your country that is the only way, fight for your interests, and don't think you can use the bourgeoisie vote system to change things for better, they try in Chile and the US bomb'd their President

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[–] EightBitBlood@lemmy.world 1 point 1 year ago* (4 children)

You did not read the constitution of every country in the world to assert that.

No I didn't. I just actually used the technology, unlike you.

If the country has internet, they can use crypto. It's no different than using Facebook, Twitter, etc.

No country has the technology to prevent its use. They can barely check people's ages online.

I'm not against forming unions, I'm incredibly FOR removing the source of all of capitalisms power: centralized banks and fiat currency.

If you want to defeat capitalism - The fastest way is to starve them of the source of their power. The whole system works off fiat currency so governments and banks can just print more money when they need. Which, when they do, lowers the value of all the money and things everyone else owns, just so they can cut taxes for Billionaires.

You can spend a generation forming unions for a better piece of the capitalist pie. Just hoping eventually the infinite wealth of Bezos and Musk will run out.

Or we can just use crypto and literally remove the power they have over money itself. That collective action would literally make capitalism irrelevant.

If you want to talk about overthrowing regimes, you should not be so concerned about each countries crypto currency laws.

It's incredibly laughable to me, that you want to fight capitalism through the most painful methods possible. But using crypto is just too scary / you feel it's illegal everywhere?

It's sad that the constant disinfo campaign against it has literelly infected the people that could benefit most from it's use.

Because you can easily starve capitalism to death by removing the mechanisms that make it function: fiat currency and centralized banks. Crypto easily replaces both. And can be used for free right now.

The only reason people aren't is because they're too scared to use it like you.

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[–] AsyncTheYeen@lemmy.world 1 point 1 year ago (3 children)

Capitalism cornerstone is the right to own the means of production given by the state

I'm not scared by technology, I use it! But you're ignoring material reality if you think you can convince people to use crypt as their currency out of the blue

If you read Marx and Lenin you'd see that there's a methodology behind all science based socialist experiences we had in the world, and all of them were based on the same principles

The worker class needs to organize itself to be able to take control of the state

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[–] EightBitBlood@lemmy.world 1 point 1 year ago (2 children)

Capitalism cornerstone is the right to own the means of production given by the state.

Agreed. And generally speaking, that's done through fiat currency. The machines of production? Valued in Dollars. Their property and building? Dollars.

So Dollars, and the value of capital they store, are indeed the cornerstone of Capitalism.

Cytpo is a replacement for that cornerstone. And it can very much replace capitalism with it.

I use it! But you're ignoring material reality if you think you can convince people to use crypt as their currency out of the blue.

People already ARE using it. Millions of them. That's why I know it works. I'm not convincing you it could work if everyone uses it. I'm saying it works right now, and the sooner more people use it, the sooner capitalism will go away.

Whatever tech you do use, it isn't crypto, or you would know this.

If you read Marx and Lenin...

I have. So I know that "proof of work" in Cryptocurrency is Based on Marx's Labor Theory of Value.

Namely, proof of work makes each unit of the currency arbitrarily difficult to obtain, immune to forgery, and as an ancillary benefit, resistant to censorship. Marx says the work expended to mine the coins is what gives them their value, since there is no other way to create them and it requires human effort and energy.

Almost like the original white paper for bitcoin was written by a Marxist using his theories to create a new technological replacement for currency that didn't favor capitalists.

So maybe you should read that white paper.

The worker class needs to organize itself to be able to take control of the state.

If the worker class organized to get paid in Crypto instead of dollars, the state would lose its power within months. As people use crypto, fiat becomes useless, and the systems that are built on the corruption of that fiat lose power.

That's why no one takes French Francs anymore. The Euro replaced it, as it had more utility. Crypto could do the same with fiat, leaving everyone with francs sad and powerless as they don't have crypto. That would be the state, bourgeoisie, and capitalists.

Marx wants us to fight the war on capitalism on the front lines. I'm not against that. Just pointing out that the very fuel of capitalism "capital" (as valued by fiat currency) can just be replaced with crypto which will stop the capitalism engine faster than anything.

Capitalism works because capital is manipulated and controlled by capitalists through fiat currency. Without fiat, there's no controlled capital. Without that control, there's no capitalism.

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[–] AsyncTheYeen@lemmy.world 1 point 1 year ago (1 child)

Your whole argument is based on a false premise, the state has the monopoly of violence, it enforces the law that gives the right to own the means of production aka the source of capital, aka the means to extract surplus value from workers, to increase its own capital

The generation of cryptocurrency is anything but work, it does not require anyone to do anything, just waste natural resources, and most of the people in to world can not use cryptocurrency to buy food for example, no supermarker or food chain will accept cryptocurrency, it does not matter if works try to use it, business owners need to adopt it, and it will not happen

This is probably my last response cuz your text seems written by a bot or a troll or maybe both

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[–] EightBitBlood@lemmy.world 1 point 1 year ago

Im sorry you don't encounter people with actual crypto knowledge enough to know what that looks like when they talk to you.

Your whole argument is based on a false premise, the state has the monopoly of violence, it enforces the law that gives the right to own the means of production aka the source of capital...

My dude. I have already pointed out how this description isn't the case anymore because of crypto, and that is why it can destabilize the capitalist system. I can't make you read about Blockchain enough to understand that - that's up to you.

The means of production as owned by the state is WORTHLESS if the state is using fiat while buyers / workers / a bigger economy is entirely crypto driven.

Crypto weakens the states hold over the means of production by devaluing it through a better technological substitute of those means.

Because the concept of a state is outdated. So is it's centralized control of capital, currency, and all the means of production that come with it.

So if those means of production are decentralized from the state - aka block chain - then the state can literally lose the ability to enforce the laws that give them any kind of centralized authority.

In short, no cop is going to protect a capitalist holding dollars, if their paycheck and environment is in crypto. They might actually have the time to think about protecting the people who are all mining crypto, rather than a single old capitalist who is no longer paying them anything close to the same value.

Imagine a miner whose work literally generates capital they can trade. They own the means of production: mining crypto. And the results: crypto currency.

Ethereum even now has smart contracts that have absolutely authority. No state can alter them without altering the block chain itself. They self execute based on rules that cannot be manipulated or corrupted as they can be in a capitalist system.

That's why capitalists invented centralized fiat currency: to control it, and always manipulate deals involving it to their favor.

So a Marxist data scientist invented block chain tech to literally be uncontrollable by a central authority, yet still function as a valuable currency in a digital world.

They did this by making Crypto both a currency AND commodity. So it is a new asset that is both, not one or the other. (WHITEPAPER! Seriously, you should read it if you're a fan of Marx)

As such, holding crypto puts the power of commodities, the literal power of capital, into the hands of those manufacturing it: those with crypto wallets, or those who mine it. Literally the point of Marxism.

Crypto also no longer takes the enegery requirements you think. In 2023 Ethereum updated to a new fork that uses 99.9% less energy than it previously did. An ATM transaction now takes more energy than a crypto one.

Literally, read the white paper. The "problems" you are pointing out are already solved.

The issue is wider adoption of crypto in the face of all the MASSIVE disinformation you've heard about it. Almost like the same massive disinformation that capitalists put out when THEY ARE THREATENED.

Don't tell me you're going to believe what capitalist articles tell you about Crypto, but nothing else? There's a reason it's hated. And that's because it poses an actual threat to capitalism.

People who know that sound like me.

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