Free audio plugins blockchain and coin idea

[PurpleSunray]

So miners are basically running after the coin that gives them biggest revenue. This is captiasum at its pure form.

Capitalism is about capital centralization, 99% of wealth in hands of 1%. Running for more profit is not capitalizm, it's a mathematical reasoning. Hashrate dump is a problem of bitcoin blockchain that changes difficulty once per 2 weeks. A lot of other blockchains update difficulty every block (e.g. every 2.5 minutes).

Hmm.. but running for more profit is the foundation for 99% of wealth in hands of 1.
99% of wealth in hands of 1 is the symthom of everyone acting like devil-may-care... some where successfull and some not. You can't really blame the successfull, can you?
I mean.. it's kind of the same dicussion I have on my hippie crackerbarrel from time to time.
"I hate you for earning that much money, damn capitalist". Wtf dude? Work as as software dev instead of halftime on bakery and you get same.. or should I ask my boss to pay me less because I don't want to be a capitalist?

But I'm drifting on the topic now.. *g*
For me Capitalism is a system with a specific mindset.. if $$$ is the onlything that counts for you, you'r a capitalist.. you don't need to be successfully on it necessary (part of the 1%).

[Aleksey Vaneev]

So miners are basically running after the coin that gives them biggest revenue. This is captiasum at its pure form.

Capitalism is about capital centralization, 99% of wealth in hands of 1%. Running for more profit is not capitalizm, it's a mathematical reasoning. Hashrate dump is a problem of bitcoin blockchain that changes difficulty once per 2 weeks. A lot of other blockchains update difficulty every block (e.g. every 2.5 minutes).

Hmm.. but running for more profit is the foundation for 99% of wealth in hands of 1.

No, capitalism is a "scheme", central banking involved. When it's easy to concentrate capital, it will be eventually concentrated. When investment is easy and open to everyone, when coin mass increases slowly and in open, it's very hard to concentrate capital.

[stratum]

Bible tells that Abraham had many sheep and became very rich (he was blessed).
I remember an econimist I knew who stated this had a relationship to the meaning of the word 'capital' but I can't quite remember his exact words.
A capital is anything that can make you money without needing for you to work personally.
Sheep may work for you - the case of Abraham.
Estate may work for you - you can rent.
You can have a company and other people may work for you.
That's all captital and managing a business like this in a grand scale is capitalism.
The fact that wealth accumulates at the hands of %1 is an end result. It's not what defines the system.

[PurpleSunray]

When it's easy to concentrate capital, it will be eventually concentrated.

Jep, and it's so f**king easy to concentrate capital with bitcoin than it was never before.
It's anonymous, tax free, not trackable .. hope the former Mt.Cox owner now got very nice island for all that coins.
Bulagry owns about 2% of a all bitcoins (got it from a razia) - so it is already concentrated.
The list of biggest bitcoin owners is just same as for $$$.

I also also had big expectations when it started, but that stopped soon.
It is just same again as we have now.
The only difference is that some smart IT folks found out how to swipe fees from banks and channel into their pocket instead.

[Aleksey Vaneev]

Bible tells that Abraham had many sheep and became very rich (he was blessed).
I remember an econimist I knew who stated this had a relationship to the meaning of the word 'capital' but I can't quite remember his exact words.
A capital is anything that can make you money without needing for you to work personally.
Sheep may work for you - the case of Abraham.
Estate may work for you - you can rent.
You can have a company and other people may work for you.
That's all captital and managing a business like this in a grand scale is capitalism.
The fact that wealth accumulates at the hands of %1 is an end result. It's not what defines the system.

We have bodies and brain that in fact do 99% of work we need, we got bodies for free. Sheep can die of disease and you lose capital, you are not protected in a natural course of things. But modern capitalism is a forced concentration of wealth with risks coverage by central banks at the expense of population. Natural capitalism like having a lot of sheep is very risky.

[stratum]

We have bodies and brain that in fact do 99% of work we need, we got bodies for free. Sheep can die of disease and you lose capital, you are not protected in a natural course of things. But modern capitalism is a forced concentration of wealth with risks coverage by central banks at the expense of population. Natural capitalism like having a lot of sheep is very risky.

Yeah, Abraham lived about 2000 BC. Capitalism has 'improved' a lot since that time.

[dreamvoid]

+10000000 I thought exact the same thing. It was just a matter of time until this bitcoin hype/scam poisons audio industry. But that it will become that popular right now is sad.

Well, I'm not doing any blockchain, it's just an idea. I perceive cryptocurrency as just a financial technology. Currently it's useless and speculative. But if developed further it will change the world forever. End of capitalism and socialism. Only mass private investments into production. And free products.

It is a libertarian concept, not to be confused with something bringing freedom to ALL people. It is just another instrument for eploitation and opression. And like with other technologies - these are just used for that purpose right now. AFAIK block chain technology can have its uses, nothing against a technology from my side. But technologies are not existing in a social vaccum and are controlled by the usual powers to drive their greed to new highs.

[dreamvoid]

We have bodies and brain that in fact do 99% of work we need, we got bodies for free. Sheep can die of disease and you lose capital, you are not protected in a natural course of things. But modern capitalism is a forced concentration of wealth with risks coverage by central banks at the expense of population. Natural capitalism like having a lot of sheep is very risky.

Yeah, Abraham lived about 2000 BC. Capitalism has 'improved' a lot since that time.

Capitalism didn't exist that long. It is just a few centuries old.

[dreamvoid]

We have bodies and brain that in fact do 99% of work we need, we got bodies for free. Sheep can die of disease and you lose capital, you are not protected in a natural course of things. But modern capitalism is a forced concentration of wealth with risks coverage by central banks at the expense of population. Natural capitalism like having a lot of sheep is very risky.

I fear your understanding of Capitalism is very lacking.

[stratum]

Capitalism didn't exist that long. It is just a few centuries old.

I'm well aware, but sometimes tracing ideas to their most basic form reveal their nature more clearly.

That's not to state that I'm against captitalism per se, that was only an identification of what it is.
It's much better than some other forms of social-economic organization; but before we complain it's first necessary to understand.

[Aleksey Vaneev]

When it's easy to concentrate capital, it will be eventually concentrated.

Jep, and it's so f**king easy to concentrate capital with bitcoin than it was never before.
It's anonymous, tax free, not trackable .. hope the former Mt.Cox owner now got very nice island for all that coins.
Bulagry owns about 2% of a all bitcoins (got it from a razia) - so it is already concentrated.
The list of biggest bitcoin owners is just same as for $$$.

I also also had big expectations when it started, but that stopped soon.
It is just same again as we have now.
The only difference is that some smart IT folks found out how to swipe fees from banks and channel into their pocket instead.

Well, it was a huge risk, and new coins still come with a huge risk, "1%" capitalist won't invest without serious backing. So, indeed there are big winners, but I would not call it a 99% of wealth in hands of 1%. In real economy there are whole industries owned by a single family.

[Aleksey Vaneev]

We have bodies and brain that in fact do 99% of work we need, we got bodies for free. Sheep can die of disease and you lose capital, you are not protected in a natural course of things. But modern capitalism is a forced concentration of wealth with risks coverage by central banks at the expense of population. Natural capitalism like having a lot of sheep is very risky.

I fear your understanding of Capitalism is very lacking.

Why? Elaborate. Capitalism is not just a successful entrepreneurship. Captialism stands on shoulders of central bank, military, intelligence, insurance and governmental ties.

[Aleksey Vaneev]

It is a libertarian concept, not to be confused with something bringing freedom to ALL people. It is just another instrument for eploitation and opression. And like with other technologies - these are just used for that purpose right now. AFAIK block chain technology can have its uses, nothing against a technology from my side. But technologies are not existing in a social vaccum and are controlled by the usual powers to drive their greed to new highs.

In my opinion, technolgies is the only thing that ever changed the social construct. Blockchain and cryptocurrencies used in a certain way will change the social construct further. The problem is that when "urge for profits" is not technologically limited it becomes modern capitalism. Ideas around blockchain can change that, and the urge itself will force these changes. The mining is a perfect example of this: your urge for profit decreases profits of everyone involved, self-punishment of the kind.

[Guillaume Piolat]

The most tricky part here is to how spread the coins between producers. This requires a kind of "consumer proof" similar to "proof of work". Of course, the most complex problem is how to minimize the chance of faking the "consumer proof".

If you are willing to drop the purchase as "proof of work", and instead choose "plug-in use" it looks like the exact problem of music streaming, some want to solve it with blockchains.

[dreamvoid]

I fear your understanding of Capitalism is very lacking.

Why? Elaborate. Capitalism is not just a successful entrepreneurship. Captialism stands on shoulders of central bank, military, intelligence, insurance and governmental ties.

First and foremost Capitalism is an exploitation system of labour - it is class struggle from above. All the things you mention are following structures, historical and economical.