Could Something Like Bitcoin Offer Reasonable Redistribution of Wealth?

a reply to: richapau

All right, well check this out. Using a system of governance like the one I devised above would allow people like doctors in a hospital to directly influence what they think needs to be upgraded, which would do away with bureaucracy and corruption. If more and more people started their own businesses and hooked up with digital currency, then they could post their information on social media sites meant to advertise their self-employed services.

This would mean that big corporation would no longer need to exist for many sectors of the economy. Or they could restructure to work similarly to the way Uber does.

With the banks the way they are now, the bankers are the ones who are getting dividends for storing your money. With cryptocurrency, you get those dividends instead because there is no bank. Kind of like with a perfect Uber-like system, someone would charge their rate, and keep ALL the profits except for a reasonably small fee, and taxes. But they would not lose profits to pay the board of directors, or investors, or the financial elite.

Those classes wouldn't even exist anymore. The wealth would be redistributed to the people. Think if something similar could be devised along the lines of voting, as I said earlier, by contributing coins to places in the community that you think need your help. That could reduce government bureaucracy, as well.

With this system, you would be in charge of a business or set of businesses based on your skill sets. Yeah, a lot of people could do this already. But I'm just trying to emphasize how decentralization is a potential here. In the larger scheme of things, we could be approaching a historical event involving the reduction of bureaucracy and more individual freedom.

Here is a book from 99 called "The Sovereign Individual" imgur.com...

It looks like we are headed this way

Net Neutrality would put the government in control of the internet, and people are begging for it. How is that decentralized? The internet is theirs..

originally posted by: darkbake
a reply to: richapau

This would mean that big corporation would no longer need to exist for many sectors of the economy. Or they could restructure to work similarly to the way Uber does.

Facebook, case and point. Facebook as a corporation never needed to exist for Facebook as a social network to succeed. But the original idea of a social network was not conducive to making profits until you add in advertising, selling personal information, etc.

Uber is a good example of the current trend towards more decentralized business models that give more initiative to individual users. Blockchain and cryptocurrency is riding this wave of decentralization, as its successful application will create new opportunities for successful decentralized businesses where the technology did not exist for them to work before.

Mark Zuckerberg has already acknowledged the seriousness of the cryptocurrency blockchain movement, as he has publicly announced he is looking into utilizing cryptocurrency on Facebook. Some of the new social media platforms that utilize cryptocurrency and blockchain WILL threaten the very existence of Facebook, I promise you that, unless Facebook can adapt to the times. Why? These new social media platforms are structuring their platforms to maximize profits for their USERS, not for the shareholders. Let me give you Steemit as an example. With Steemit, users are paid in Steemit coins for creating content on their website, and receive reimbursement based on how popular their posts are. There are no traditional shareholders like Facebook has, the individual users are in essence the shareholders and their share value is determined by how many Steemit coins they have.

So let me tell all of you that are calling Bitcoin a pyramid scheme and saying cryptocurrencies have no value, you are behind the times. Cryptocurrency and blockchains are already being used in social media platforms, logistics operations, and gambling platforms on top of being used as a form of digital currency.

Don't be one to dismiss cryptocurrency just because you don't understand it. Most people still don't know how the internet works. But they still use it.

a reply to: darkbake

Something Like Bitcoin Offer Reasonable Redistribution of Wealth?

- That goal could have been achieved with ordinary money also if rich and powerfull immoral and corrupt people had not prevented it from occuring.

a reply to: Azureblue

Right, one of the philosophies of crypto currency is decentralization, or cutting out the idea of elite business owners and especially bankers, basically anything centralized.

The current philosophy of cash is to put it in a bank, so the bankers can use your money to rack up huge gains and then pay the customer a few measly percent of interest per year. The cash philosophy also heavily involves working for a company and letting the CEOs enjoy massive payrolls based on the hard work of people who get paid much less than their work is worth. If a scientist works for a company, they don’t even get to see much monetary gain or intellectual property rights from their own work.

Even government sees huge losses in money to pay politicians (also leaders) huge amounts of cash, once again, just because they have a leadership role.

Cryptocurrency seems to be based more on individuals producing content and maintaining the rights and profits based on the work they do, without having to pay leaders huge leadership fees. You can be your own leader, and thus get paid what you are truly worth.

I think some crypto philosophies could also work with cash.

Yes. But to the same degree that S&H stamps did. Reward credits. Airline miles, free hotel stays, etc.

originally posted by: darkbake
a reply to: Azureblue

Right, one of the philosophies of crypto currency is decentralization, or cutting out the idea of elite business owners and especially bankers, basically anything centralized.

The current philosophy of cash is to put it in a bank, so the bankers can use your money to rack up huge gains and then pay the customer a few measly percent of interest per year. The cash philosophy also heavily involves working for a company and letting the CEOs enjoy massive payrolls based on the hard work of people who get paid much less than their work is worth. If a scientist works for a company, they don’t even get to see much monetary gain or intellectual property rights from their own work.

Even government sees huge losses in money to pay politicians (also leaders) huge amounts of cash, once again, just because they have a leadership role.

Cryptocurrency seems to be based more on individuals producing content and maintaining the rights and profits based on the work they do, without having to pay leaders huge leadership fees. You can be your own leader, and thus get paid what you are truly worth.

I think some crypto philosophies could also work with cash.

some good thouhgts there.

Recently I saw a vid that seem to show bitcoin was developed by the CIA. To whatever extent this is true, it means the powers that should not be, will unitmatley control bitcoin to and by extension, all other crypto currencies also.

Given this as it may be, I would still like to see something invented that provides a system of exchange that does not enable any savings but ensures all goods and services are provided to every one which are of the same volume, quality and quantity.

We are ruled by the super elite who use money as the control mechanism.

This holds true, IMO, with any currency or version of money, crypto or otherwise unless it cannot be hacked and cannot be controlled by govts etc.

a reply to: Azureblue

Yes, it is very suspicious that we do not know who the real creator of Bitcoin is. It could very well be the CIA. Whoever it is is worth over $10 billion.

Well there is over 10 trillion dollars in banks that is just sitting there.. not being used by anybody..

According the rate and price for things worldwide.. we could cure hunger and fund science in many ways..

That would be a major redistribution of wealth..

We could end poverty and instill a new international rite and barter.. so that all nations and people could trade and buy things via networks.. bourses and the internet..

All research around the world should be public to all people and nations..

We should also install a meritocracy via credits and an international visa for people who do either of the following..

Work and get paid for your true value.. based on merit standards.. some people are working till they are overloaded and barely get paid anything..

And another merit for people who come up with good ideas.. like on forums and in think tanks..

If a person for example solved string theory.. they would get a meta bonus.. say 1 million dollars or credits minimum