Post
Topic
Board Economics
Merits 1 from 1 user
Re: Is Bitcoin for “Fake Rich”?
by
oventu
on 26/12/2020, 17:36:50 UTC
⭐ Merited by as.exchange (1)


There is no place for feats and beauty in the modern world.
Right now, it looks like true, but there are solutions too.
What we need is a new paradigm, in which people are respectable, because of their believes and their “acts” of making life easier for others, we need a “practical altruism”. Something beyond just pure morality. A game theory in which everyone has to do the right act in order to make benefit themselves. A system in which even evil can not do bad things. Of course bad doers always can do the bad but the cost of bad must be far higher than doing good. Right now “we have” the necessities for this system and game theory and “we have to” do that as well.
Only in this system can we can hope survive the humankind, whereas in modern history and modern governments (less than 200 years comparing all our thousands years of history) we ruined most of our natural resources and environment and humanity.
The problem is, if right now, one of the evils (supposing a few evils are governing the world) dreamed to stop bad doing and start to good doing, immediately the other bad doers swallow him. As a result, the world is a place of constant conflict and fight between the forces of evil and worst evils.
We -slaves- have no place in this fight. In fact we are the material and victims of this war. We are supporter of this wrong pillar of economy and culture, when we buy their products. we reproducing this social order when we “show off” our possessions, and finally we remain slave and force our child be slave as well if we do not “acting”. The act by which we will create our new political organization.
I am not a dreamer, and I am pretty sure we have all the tools we need, in order to achieve human prosperity.

You depict the current system pretty well, but I personally really don't see it changing. Even Bitcoin was created for good of people, but it ended up where we are now. And as the time goes - it will get only worse. I wish and really hope you to be correct that we do have all the tools and what is needed to change the system and achieve human prosperity, but I don't think it is the case now...

It could be a simple solution for example - arrange a day X around the globe and raise and awaken to fight the old slave-owners, but this is what is likely to happen. Imagine we crate a simple sign-up and watch time website. People will sign-up for sure. There will be people thinking it's fake and will forget about this. There will be people thinking that "oh, my pizza delivery on that day is more important", "oh, I didn't finish my work assignment, so f*ck the Day X", "I have a date with a pretty girl, - definitely more important than some freaks doing some day x". In the end, for sure there will be some people who will try to raise and fight, but they all will get arrested, and some of them will try to cooperate with the police to get some materialistic benefits by turning in their friends whom they know actually went to "fight". And all this will end pretty quickly... It's an poisoned cycle - to change a system, you need resources, to get resources, you need to become part of system, and by the time you become part of it, you enjoy those resources so much that you don't wanna change anything, because you know well that if you do anything - your resources and nice lifestyle and safety will be taken away from you...



P.S. really love to see all you guys sharing such deep ideas and thoughts on this topic. Really didn't expect that it will attract such smart people!

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All you explained here are true, except the solution itself. No one can change the system by revolution or overnight, neither we shouldn’t wish for it at all. The humankind examined all kind of revolution and reforms in last two centuries and almost all were failed.
Your simple solution is practiced many times and as you predicted truly, it will fail. Because the participators in this movement have to “scarify something” in order to “support some believes”.
The change must be gradual and must have benefit for participants and not punishment (something like early Bitcoin adapters). That’s why I told before: we need a “game theory” in which even evils prefer to chose good option. We must put these mechanisms in practice.
We, the “possess-less” people, must create our alternate “realm” and our alternate “value system”. We do not need to be a part of this system in order to get system resources, because “WE ARE the system”. We can form our system and impact on real world.
Of course in early days no one take us serious, and actually it is a very good chance for us to survive (like Bitcoin in its first 2-3 years), because they do not try to destroy us. Meanwhile we grow and educate our population and fed and bold our “core values”.
The system in which no one can cheat and everyone prefer to act like a good actor – something like Bitcoin hash puzzle solving which everyone prefer to follow rules and find new blocks, instead of wasting energy for cheating old blocks-.

Bitcoin could make these changes in world but it failed because it based on a flawed game theory. The point of power of Bitcoin was/is Proof of Work, and simultaneously the weakest part of Bitcoin – in sense of fairness - is PoW as well, since it couldn't achieve the motto “One CPU, one vote”. Because of its design it ended up in “Who has money, can make more money”. Who has money to buy mining machine and pay for electricity can mine new coins. Who has money can buy many Bitcoins, can manipulate market, create fake waves and endless pump/dump cycles and still riches getting richer and poor getting poorer.

The idea of “decentralization” is a crucial feature of any system wishes to work “fairly”. Bitcoin has a level of decentralization which is not enough to work fairly and just. So we need an alternate “crypto-value” and its proper system (game theory, monetary system, technical architecture, etc). Why I didn’t say we need alternate political regime or alternate ideology or system of thought? Because they are not what we -ordinary people- are facing every day in our day to day life. Instead Bitcoin could be what we face every day. It is about “money” and “personal wealth” -which gives us power to fulfill our needs, whether physical or mental-.
The “money” is our credit in the current society, whereas the real credit must be something else. The solution is to make, the money works in another context. That is, the way of earning money and its indication must be re-defined.
People (including you and me) always seeking for money, because we like the independence and power of having it. This strive for money had no beginning and will have no end and we will continue it forever.
So, what about defining a new kind of money (or better named “credit”), that you need to do some “good act” in order to have eligibility to earn that money?
Some can discuss and argue about “who” and “how” recognize “good act” vs “bad act” and this is another story which has proper answer as well. In short, I can address it, by referring to “justness” and “fairness” in a “real” decentralized system. But for now just imagine we have a perfect (or almost perfect) system that can evaluate your work (what ever work you do daily) and returns a number as usefulness index. The usefulness index represents the fact that how much useful was your job for society, or even better how much useful was your job for whole glob – since we have just one earth and we have to consider the fact that “someones benefit can be someone else lost”-. The system results your 8 hour day job in this new “value system” worth X amount of money, so you earn X coins today. In this system you prefer to follow rule as possible as in order to get higher rate. We have assumed system works enough good and evaluates your job fairly. You can not cheat system in order to earn more money, so you will decide to follow rules and act like a good actor. Not only you but all other investigate the trade-off and decide to act like a good actor.
It is what we were looking for, isn’t? In this system, we will have the rich guys who helped the world more than others. s/he is proud of her/his achievement, s/he is rich and explicitly helped to improve the life of others. It is a win, win, win game. The world is winner. The money supporter community is winner, and the individual person who earned the coins is winner.
One critical question is “Can we have this -almost perfect- evaluating system?”. Since I am a practical philosopher and a technical thinker, my answer is yes. Definitely we have all the technology and tools we need for establishing this realm.