Post
Topic
Board Politics & Society
Re: Is Bitcoin socialist dream come true ?
by
bluefirecorp_
on 16/10/2018, 03:12:12 UTC
TECSHARE MADE UP BULLSHIT...
miners = capital?

You drew that conclusion, not satoshi.

You never made an argument here until now. You simply stated refuted opinion.

Your evidences of 'capitalism' are pretty weak support by satoshi. Let's actually start going through them.

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Re: Satoshi-
 
"6. Incentive

By convention, the first transaction in a block is a special transaction that starts a new coin owned by the creator of the block. This adds an incentive for nodes to support the network, and provides a way to initially distribute coins into circulation, since there is no central authority to issue them. The steady addition of a constant of amount of new coins is analogous to gold miners expending resources to add gold to circulation. In our case, it is CPU time and electricity that is expended.

The incentive can also be funded with transaction fees. If the output value of a transaction is less than its input value, the difference is a transaction fee that is added to the incentive value of the block containing the transaction. Once a predetermined number of coins have entered circulation, the incentive can transition entirely to transaction fees and be completely inflation free.

Initial distribution. Woo! Proof of work is also consensus my friend... but let's ignore that fact.

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The incentive may help encourage nodes to stay honest. If a greedy attacker is able to assemble more CPU power than all the honest nodes, he would have to choose between using it to defraud people by stealing back his payments, or using it to generate new coins. He ought to find it more profitable to play by the rules, such rules that favour him with more new coins than everyone else combined, than to undermine the system and the validity of his own wealth." -Satoshi

That's capitalist because honest people should stay honest? I don't really see the connection to capitalism.

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"It's based on open market competition, and there will probably always be nodes willing to process transactions for free." -Satoshi
Attacking the network and making your worth valueless seems silly if you're invested in the network. Pretty standard stuff.

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Protections against the network and against a 51% attack, right right. Not really linked to capitalism, but just good nodes vs bad nodes.
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Huh, out of all the links you linked, this statement is about the only thing that backs up your claim;

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In later years, when new coin generation is a small percentage of the existing supply, market price will dictate the cost of production more than the other way around.

which is still rather ambiguous in terms of capitalism vs socialism.

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Rambling bullshit...

Fun counter-example:
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The CPU proof-of-worker proof-of-work vote must have the final say. The only way for everyone to stay on the same page is to believe that the longest chain is always the valid one, no matter what.
Drawing the same pop-culture reference to worker's vote being final.

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If a majority of CPU proof-of-worker is controlled by honest nodes, the honest chain will grow the fastest and outpace any competing chains.
Worker's working together rather than against each other due to malicious competition being outpaced.