Quote from: tarball on December 01, 2018, 09:43:58 AM

Quote from: coins4commies on November 25, 2018, 06:58:00 AM

I am aware of hoarding and tax loopholes. Tax loopholes should be closed. I am also aware that although speculative investment happens, it is unrealistic that every vacant property would be simultaneously off the market to a point where new businesses could not obtain leases.

The only reason there are tax loopholes is because there is a tax system in the first place. Remove the system, et voilà! No more tax loopholes. Also, hoarding is not bad. However, is better to use a more sophisticated vocabulary, the word being 'savings.'

The use of the word savings implies need. Saving more than you need is when it becomes hoarding. Personal savings beyond personal needs happen at the expense of the current needs of others and is what makes hoarding so problematic.

Quote from: tarball on December 01, 2018, 09:43:58 AM

Quote from: coins4commies on November 26, 2018, 05:58:18 AM

1. Its not stealing because it is built into the agreement that the US government has the right to print more money. Also "money holders" are not wise and not good for economic growth. Incentivizing spending further stimulates the economy.

'It is the aim of good government to stimulate production, of bad government to encourage consumption' (Jean-Baptiste Say, A treatise on political economy).
Spending more doesn't actually do anything; that is the Keynesian illusion.
See this video: https://www.youtube.com/watch?v=vHAsnzALQJk

Saving is more important. If you have capital to to start a business, that business will grow, growing or stimulating the economy.

For example, if you use bitcoin to buy a cup of coffee everyday, you are not growing the economy. However, you can save that bitcoin to start a business, that will.

You and that video are looking at this from the perspective of what you, as one person should do in a capitalist system instead of looking at the society as a whole should do. Imagine if everyone tried to take the same approach of saving to fill gaps in the market by opening businesses. The gaps in the market would all close as demand would crash. Companies relying on that spending would close, jobs would be lost, and there would be fewer people who could afford to buy lattes as well as many other things.

Using bitcoin to buy a cup of coffee is not growing the economy but it is maintaining the coffee industry. If everyone suddenly stopped buying coffee, less coffee would be produced, shops would layoff baristas or close and the economy would shrink.

Capitalists fail to think beyond the individual choices of one person. Smart moves in capitalism are only smart if a few people are able to make them. There is no way for all or even most people to make smart moves simultaneously. This is also why capitalism requires systemic inequality in access to basic needs like education and healthcare. If everyone had those things then everyone would have opportunity and the "smart moves" would no longer be smart without anyone left to exploit.

Quote from: tarball on December 01, 2018, 09:43:58 AM

Quote from: coins4commies on October 14, 2018, 02:08:54 AM

Lets just call them System 1 and System 2.

System 1: People are oppressed by a power hierarchy. The fruits of labor are stolen by force or contract. People do not have the liberty to do what they want with their own lives. In the end, needs are not even met.

Where the gun in the workers' heads forcing them to work?

Also, if you are a socialist (which means you despise a concentration in wealth), why are you into crypto? There is a huge concentration of wealth in crypto. Most coins are owned my few persons (for altcoins).

In the literal sense, the police have the gun on behalf of the capitalist class. They are there to enforce the laws of private property. So if the workers don't work, they will literally be dragged out of their homes by men with guns.

I am into crypto for many reasons.

1. I am searching for coins that could be used to aid socialist ideas (coins for commies). Google "blockchain communism" and you will realize that the possibilities of communist applications of crypto are endless. Here are the ones I have focused on. Keep in mind that crypto tokens or blockchain technology do not have to represent money.

-Smart contracts could be used to make direct democracy, basic income, and social dividends more practical.
-Microtransactions could be used to monitor and score input and consumption of collectivized commodities
-Blockchain management of a IOT shared network of goods.

There is a lot of disgusting things in the world of crypto but that doesn't mean the technology is bad. Even though there would never be any currency in a communist society, all communists recognize that a socialist society has currency and is a transition towards someday not having it. I am one who believes it would take several generations and much better technology under socialism before we could come close to achieving communism. Crypto is a step in the right direction of taking money out of our lives. Crypto doesn't ssem like real money because you never see it. That is a huge mental step towards realizing money is not even real to begin with.

Iotas tangle could be used to help AI manage traffic or to track records of anything really.
https://www.youtube.com/watch?v=81rXoSRIRSA
I am also an environmental Scientist so this type of application in the video really gets me excited.