I was a radical communist 3 years ago, I discovered crypto and I realized the future of Capitalism (people allocating resources through trading of stock ownership while Robots do the heavy lifting) is everything communism proposes, but better, cause good investors will be rewarded leading to better resource allocation even though most people's needs will be covered.
Then I read Hoppe and now I'm almost full-ancap. My friends hate me, thank you, biz.
Fucking normies don't understand that crypto is capitalist to the core
Ryan Peterson
Best of all is that I did understand Marxism, I collaborated and gave speeches on Marxist economy, but fuck, I always thought automation would kill Capitalism until crypto.
Went through a rabbit hole of constant realization that everything I believed in was based on slight inaccuracies that stacked on top of each other.
David Kelly
>everything I believed in was based on slight inaccuracies that stacked on top of each other. so you traded them for a new stack of slightly inaccurate beliefs
I feel you on some level but I do consider Communism as nothing more than looting. And even if I don't fully subscribe to ancapism anything that convinces people to buy guns and e-bison bucks has my sympathies, democracy the god that failed is A++.
No free market economist denies this. If you'd ask Mises or even Friedman if a minimum wage would cause a 100% unemployment for people who don't produce that enough value, they'd say that would obviously not be the case, what they would say is that there'd be a tendency towards it.
Human behaviour isn't a science in the sense that everyone behaves 100% rationally.
Brandon Hill
> shitcoin investor slash brainlet > thinks a more effective market and society will somehow magically result in a fairer society too > thinks he, out of all people, will be part of the future robot owning elite > in reality will probably be housed in a council estate, get his monthly UBI check and watch robo-tyrone cuck his cybergf
Cooper Hernandez
Marxists often claim that automation will mean the end of Capitalism, as unemployment will lead to revolution.
I used to think that way but then I started making money from home, doing nothing but investing in what I perceived to be good ideas, asked myself if this is what Capitalism actually could lead to.
Then read a bit more on Capitalism, realized that the flaws of Marxism I often dismissed such as how the allocation of resources and pricing can't be done without a Capitalist reference, were more accurate than I initially thought, that allocating resources in an optimal way is more important for growth that anything, that this is the biggest factor for disparity between countries economies.
It occurred to me then that through crypto I am allocating the results of my production in ideas that I perceive can make the world a better place, out of self-interest.
And when millions of people do the same, you obtain market forces that, through speculation, end up allocating resources in places of high demand, which is what an economy is all about.
By then I was starting to abandon my assembly, I wasn't going to meetings anymore, when meeting with friends I started offering alternative points of view and they all started to realize the path I was going through, but none of them could counter my new arguments without sentimentalist bullshit.
Then I read Hoppe and the idea of covenants was the missing piece for me to understand that Capitalism can indeed offer lawful societies and propel us towards the future of Capitalism that, the sooner it arrives, the better.
Parker Gutierrez
Thats a great story, but whats your vision. What does your future look like, how does crypto intertwine. Give me examples.
I was / am socialist / communistic. However I envision a cypher punk style communism. Corporate capitalism mixed with socialist intentions. A few monopolies that provide everything we need, that cannot sway too much from the rigid regulation imposed for fear of revolution so have wholistic goals and intentions. Becoming less like a businesses and more like private global governments.
what's the name of the basket of people who want to kill all ideologues?
Cameron Parker
My vision is a future where automation is the main force of work and inheritance/parents are the kickstarter of people's economy.
Basically, future's parents will give their kids money to invest, which they will use in stocks/crypto to start earning money slowly.
There's also going to be a comeback of artisan-like jobs where very wealthy people will pay big sums of money for traditionally created objects surrounded by experiences in the way wine tours are made today. Rich people won't like mass-produced products, uniqueness will be the main status signaling element.
Also entertainment, lots of entertainment and massive reductions in labor hours/growth in holidays.
Christopher Price
what about pay disparity and all that bollocks. People who don't have inheritance / crowd funding, UBI ?
sounds like a reputation economy. Uniqueness needs to be quantified. Jobs could even include simply going to a old peoples care home to chat and socialise.
>corps keep churning out shit to keep the circle growing >influenced by public conciousness >self employed relies on reputation >unique wine experience, how to judge the quality / uniqueness, look up reputation
Ayden Morgan
can i support my halfbred child with BTC tho? then it would be k.
Robert Evans
read Joseph Schumpeters book called "Capitalism, Socialism and Democracy". His theory on what will happen in the near future is excellent and well worth your time.
Justin Green
Fugg XDD
David Robinson
t. Immunity cat
Anthony Powell
step 1. replace all menial labour with robots step 2. sterilise everyone who is not genetically fit to contribute to the remaining sectors of the economy step 3. paradise in 2 generations max.
Thomas Johnson
Local economy opportunities, people won't cook, people won't clean, everyone will have a garden but nobody will want to take care of it, a guy selling hot dogs in a park will make millions monthly, when purchasing power grows around you so do the prices of products that can only be purchased locally, that's why a burger in Switzerland costs 3 times as much as one in Italy.
At that point one year of work should provide enough for people to start investing and stopping to work. Most human-jobs will be covered by very young people. Only true specialists, artisans and such will work beyond 5 years of their life, the rest will just work a year or two.
I'm familiar with Schumpeters work, but I think his prediction does not consider the possibility that society could lead us to further balkanization of territories which will lead to more competition and "voting with your feet", which will reward societies that allocate resources better, aka capitalist ones.
Decentralization is inevitable as efficiency grows.
Carter Brooks
What you are describing will work only if we invent some kind of genetic treatment for intelligence and distribute it globally to flatten the bell curve and raise the average g. I personally know numerous supposedly intelligent people, who can't even manage to build a 3 month cash reserve let alone save up for 5 years to start investing. And its not for a lack of income.
Henry Morales
At that point of automation investing in the amazon of the time, aka the safest bet, will be enough for people to make a proper living.
Inequalities will be massive but everyone will be better off than in those countries that try to tackle inequalities.
Jose Russell
Problem is that social unrest and criminality stem from perceived material inequality, e.g. what matters is your wealth relative to others in your proximity, not your nominal wealth. Hoodrat niggers in USA today have better nutrition, healthcare and house utilities, than European nobility 200 years back. Doesn't stop them from being niggers.
Hudson Harris
>Calls them niggers. >Misses the fact that they're niggers.
Ian Sullivan
This steems more from the fact that they have better nutrition, healthcare and house utilities without needing to contribute to society or be well-liked by anyone, since state welfare does not discriminate.
Consider for a second what would happen if wealthy people's taxes went only to wealthy people, how unsafe and disastrous slums would be, no roads, no investment, no police, just dirt, thugs and mud, many would do everything in their hand to escape that life.
This is what's turning me into an ancap, because at that point cities would be private, and people wanting to escape those shitholes would need to sign a contract acknowledging they shall respect what made that city attractive to them in the first place, even if they don't understand it.
Christian Ortiz
>crypto doing anything ever.
Well, it's not your fault you are retarded now.
Camden Gutierrez
Bitcoin is all that matters, there's no such thing as cryptocurrencies.
Sorry that you enjoy the boot to be private instead of public.
Christian Rivera
>E-bison bucks Kek. Never thought of it like that. >Jow Forums will never their create own shit coin and kidnap the queen of England and force them to pay a ransom in that shit coin.
Bitcoin is an idea/experiment. There's still no crypto that would be mature enough for mass adoption.
Henry Rodriguez
I had a similar path but instead of crypto I started studying economics which made me a neoliberal, then I started learning about crypto and realized how neoliberalism just makes jews rich, so I became a libertarian.
Dominic Butler
heh, same, but still utopian communist,
someone should make a dank leftist meme on crypto, but keep the belief in radical freedom (form work, from structural constraint and bashing like racism, etc)
Grayson Butler
Crypto made me change my views because it tackles a major problem I had with free markets. We all agree free markets are the most efficient way to allocate resources, but how actually free are current capitalist markets?
In my opinion they are not very free because barriers to entry for competitors are way too high, if you want to compete with Facebook you need to invest a lot of money in servers and stuff, so it ends being a monopoly or oligopoly.
Crypto changes that logic, I can start a service like facebook and not be constrained by high barriers to entry because of capital, I can adjust how much storage I need every minute using Sia or Storj, I don't need to spend a million in storage in advance just in case I get a lot of traffic.
This means that risks of entering a market will be way lower than they are today, and this will increase competition exponentially.
Think of Uber, if you wanted to start a traditional taxi service you would have to spend a lot of money in cars, you risk losing a lot of money if the business doesn't go well. But with Uber system the risk is orders of magnitude lower, and if the risks are lower more players will be willing to enter the market and competition will thrive.
We end up getting a lot more services for much less money, this is what the economy is about.
Henry Ross
In 2 years you are a NatSoc
Samuel Evans
I realized this back when I thought of the implications of automation. Capitalism is a self-solving 'problem' because it drives innovation. Marx was reacting to the growing pains of industrialization. It's a terrible process at times but its ultimate end is what most communist imbeciles really want.
The only concern is how people and governments react when industries start getting disrupted and you have a lot of newly unemployed taxi and truck drivers. I'm afraid that between now and the future we will see governments toppled due to rising frustrations.
Jonathan Wright
Have you read anything by Nassim Taleb? He's excellent.