Critique of the Communist Manifesto

[Lightbringer]

As of now, government can't take it from you.

Ah, I see, you think government is the thing. You misunderstand our entire history.

 

[goat]

Ah, I see, you think government is the thing. You misunderstand our entire history.

Our entire history is taking other peoples shit away.

 

[Lightbringer]

Our entire history is taking other peoples shit away.

Shifting the goalposts eh? Did the government do that?

 

[goat]

Shifting the goalposts eh? Did the government do that?

Earl's list goes way back and is almost as long as government's.

 

[Lightbringer]

Earl's list goes way back and is almost as long as government's.

Tell me, who runs the world? The government? How is bitcoin any different than printing dollars because you can? In fact, how is bitcoin Constitutional?

 

[Into the Night]

You pulled the answers out of your ass.

So agreeing with you on certain points is pulling answers out of my ass, eh? Okay. You have lost context again.

I gave you a second chance to make some sense.

Already done. RQAA.

The entire system will collapse without all that monopoly money going to the banksters.

Not the banks. The government. The Fed prints money for the government.

Negative interest rates is a sure sign the system is in default.

No, but it IS a sign that it is getting difficult for a central bank to get people to accept it's currency. I've already discussed this too. RQAA.

Prove me wrong with economic theory instead of an opinion from your ass.

You have lost context again. You can't seem to keep it longer than a post or two.

 

[Into the Night]

Bitcoin is for fucking idiots. That game is rigged from the very beginning.

How so?

 

[Into the Night]

I can't make you understand what political, social, cultural, and market liberalism are.

Then you have a problem. I will assume these are undefined buzzwords you are using then.

It's not like we live in a fucking liberal democracy, or anything.

Buzzword fallacy. You have not yet defined this term.

Tell that to the Marxists. They understand commodities as well as you understand liberalism.

Apparently they understand it more than you do.

 

[Into the Night]

Anarchy is a result of big government.

Paradox.

21st century anarchy takes time to explain.

You can't explain it, since you apparently have no idea what 'anarchy' means.

Bitcoin is a good start.

You think so? I consider the use of Bitcoin as a currency debatable.

It's about free will in spite of the presence of a corrupt government.

True. I think you are trying to define 'anarchy' as the same thing as 'free will'. You really should learn English.

Most of us smoked cannabis before it became legal.

Ah. Is this your problem then?

White christian suburbia aids and abets the status quo.

??? What has race or religion got to do with any of this??? Non-sequitur fallacy. Racism. Bigotry.

 

[Into the Night]

Tell that to early investors. Bitcoin should stabilize and become less of a gamble than the markets -- until the US squashes it.

Paradox. Which is it, dude?

 

[Into the Night]

Understanding Marxism doesn't make me a Marxist.

I don't think you know what Marxism is. You keep throwing around these terms with no meaning. Buzzword fallacies.

That's like saying booze makes you a drunk.

You try to get drunk without it!

Swing voters live in suburbia.

All kinds of people live in suburbs.

The cul-de-sac is afraid of the real world

No, A cul-de-sac is a type of street. It exists. Define 'real'. Betcha can't!

and depends on the protective custody of intrusive government.

Buzzword fallacies. Define 'intrusive government'. Define 'protective custody'. A street doesn't necessarily depend on any government.

You are still trying to impose your bigotry and racism. Go fuck yourself. These ugly fallacies have no place here.

 

[Into the Night]

Does booze not make me a drunk?

The cul-de-sac is afraid of the illiberal world.

A cul-de-sac is just a road. Anyone can live on that road. Liberals, conservatives, or any mix in between.
Bigotry.

 

[Into the Night]

Is Bitcoin a good way to explain 21st century anarchism?

No. You have no idea what 'anarchy' even means.

 

[Into the Night]

No. It's a really good way to understand the Federal Reserve and the East India Company.

How many times does Lucy have to pull the fucking football away from you before you learn?

An interesting parallel. Never looked at it that way before, but the parallel makes logical sense.

 

[Into the Night]

You made my point.

Libertarianism is anarchy
Objectivism is anarchy
Bitcoin is anarchy

Go learn what 'anarchy' means. Buzzword fallacies.

 

[Into the Night]

Cryptocurrency is fun to read about, though.

It's an interesting system. It does have it's risks, of course, but the algorithms it uses is a reasonably sound one. The news media has certainly distorted what it's capable of though.

It IS capable of reliably handling transactions and can be used as a currency.
It is NOT private transactions. The blockchain is public and can be searched for activity.
It IS capable of limited 'coins'. There is no getting past this. It's really not possible to counterfeit a 'coin'.
Coin mining can be profitable, assuming you can convert the 'coins' to a local currency that will pay for your time and equipment.

Bitcoin is just another currency. It can be converted to any local currency. You can even conduct transactions with a fair number of businesses directly in Bitcoin. Generally, I believe it's best value is as a travel currency...like AMEX done right.

It is a currency. It is NOT a store of wealth. The value of Bitcoin or any other blockchain currency could potentially go to ZERO at any time. This already happened once to Bitcoin (that's when everyone went to Bitcoin version 2).

Dogcoin is no different, but has fewer exchanges for conversion to local currency.

Blockchain currencies generally require access to the internet to function properly, either live, or within a reasonable amount of time to update the blockchain. Internet is not always available or practical.

Bitcoin in particular is getting a rather large blockchain. This slows down transactions a lot. There are fixes in work for this, using protocols similar to DNS. Nothing is established yet.

Bitcoin is open source. Anyone can write a wallet. Anyone can write a transaction processor. The blockchain itself is it's own security.

One big downside of any blockchain currency is losing the wallet or access to the wallet. There is no getting it back. The coins are lost for good. Considering how often people lose their passwords and the like, this is a big problem. Hardware wallets are available (about $100 at Amazon), but these can be lost, like losing anything else. People lose USB memory all the time, or their keys, or even their actual wallets; all the time.

Losing an actual wallet is a pain, but you CAN recreate the ID. The cash in the lost wallet is gone, of course, but your bank can get you more (if you have any in the bank! ). Losing a Bitcoin wallet loses the coins it contains for good. There is no getting them back.

 

[Into the Night]

Tell me how bitcoin is any different than Fiat currency.

Simple.

A fiat currency one that is declared by fiat...that is a government central bank.
A Bitcoin is a currency created in open source that was not created or dictated by any government as 'the currency'.

BOTH currencies depend on people accepting them. In that respect, there is no difference.

 

[Into the Night]

As of now, government can't take it from you.

Yet you say they can. Which is it, dude?

 

[Minister of Truth]

I hope we avoid the thread ban list.

Well, I called him out for being a retard, and you're a fanatic, so...

 

[Into the Night]

Ah, I see, you think government is the thing. You misunderstand our entire history.

Indeed he does. He apparently has NO idea how the concept of money even got started.
Back then, gold was the currency, soon followed by silver.

Over the years, we've also used copper, brass, zinc, bits, paper, clam shells, and even pretty rocks as currency.

The dollar is mostly in bits. A small amount of them are in paper. An even smaller amount is in silver, copper, and zinc.

Bitcoin is entirely in bits.