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RE: Proof of Stake Coins as (almost) free way to multiply your holdings.
what do you think about SolarCoin? you get coins if you create 1MW of electricity.
what do you think about SolarCoin? you get coins if you create 1MW of electricity.
I don't care. This electricity is most likely created through solar panels that were manufactured by others' labor for profit for a member of the ruling class. Again, you are buying the means of production and claiming profits for yourself. This will then compound, giving you even more access to the labor of others allowing you to increase your power exponentially until you have a monopoly or are crushed.
So what are you proposing? Should we go back to farm and each of us produce our own foods? Or should I create my own solar panel because some people maybe are being taking advantage of in the society? Things are so complicated and intertwined in this world that no one can't easily say: "Yes that's the correct way to do this". We know at least one thing that the system of paper and fiat money that invented by bankers is a form of slavery. That's why crypto-currencies finally came into play. But things take times to get fairly distributed and that get reset to a new system.
Or we could just abolish private property, the thing that allows an owner to steal resources from the worker and allow people to freely labor on the means of production
"That's why crypto-currencies finally came into play. But things take times to get fairly distributed and that get reset to a new system."
There is no difference lmao. I don't care about who controls the money, the problem is who controls the means of production. You could use sticks as money, but as long as you must work for the ruling class and get most of what you get taken away, or starve. It is not a free or fair system.
On top of that capitalism always leads towards centralization and monoply. Read imperialism the highest stage of capitalism, it has many statistics and examples
This is so general "means of production", what means and what productions are you talking about?
If you're waiting for the hope that things get fair you probably never see it maybe never in the future, cause we live in a stochastic system, but you can define "fair" for yourself the way you like to.
https://en.wikipedia.org/wiki/Means_of_production
"If you're waiting for the hope that things get fair you probably never see it maybe never in the future, cause we live in a stochastic system."
ah yes I forgot, you people do love your kings and queens dont you? Well good thing not everybody worships them like you. They aren't gods, they are leeches.
Don't go off-track. Most of us here don't believe in kinds and queens, etc that's why we're here. I'm talking about universally stochastic system not economically.
private property is passed down lmao. As private property becomes more concentrated, those "random chosen" few will become the kings and queens. By resetting with crypto all you are doing is a reset. You will just be choosing another 5 people to own half the worlds wealth. (Your kings and queens, otherwise known as business owners). (If you actually think crypto will help with the concentration of wealth at the top we have right now, you're delusional. )
also how about we have a system where people are rewarded based on skill, not how much they are able to exploit another person. Randomness doesn't change anything, especially when those who exploit people are able to use their stolen resources to steal even more and concentrate their power to survive the randomness by inflicting all pains of it on the workers and all gains to themselves.
At the end of the day those ruling class will die one day, and their children will die too and so on...but if a person decide to live happily s/he always find a way to make the best out of a situation regardless of difficulties & with no wealth.