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Joined duela 2 urte
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Cake day: eka. 07, 2020

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If a country cab just declare itself socialist and not commit itself to any firm principles underlying it’s economic system but just adopt whatever it’s non ideological neighbors are doing then clearly it’s a fraud


For the last time since you’re so thick headed I do not care whether or not someone of their own free will chooses to buy/not buy something but I am opposed to the labelling of any item as a scam/predatory that a person buys voluntarily it is not my/anyone’s duty to label the purchase of something that we don’t like as a scam and I was simply using banks as an example to point out the absurdity of this idea that something should be labelled a scam simply due to my personal dislike of such a thing


Are you ok in the head? You do realise that Singapore is literally the poster boy for capitalism with the lowest levels of government interference in the economy, extremely low taxes and little to no barriers to trade


yeah so the people in africa and el salvador using crypto that are preserving their purchasing power are being scammed I never said that crypto was this perfect thing that’d fix everything and I have constantly presented it as only a stopgap solution to help in the meanwhile. I’m going to give a real scenario in my country the banking system is controlled by a cartel that funds the two major political parties in power these banks knowing of their situation have denied accounts to any alternative political parties and it’s not farfetched they could make up something to pin on these parties so that banks in other countries would cooperate with them and block them from making accounts in those countries as well what other than crypto would provide a neutral payment platform to ensure that we can fund our only hope of having a functional country whether through the ballot box/violent revolution you need money to be able to form the government and if you don’t have that then sorry you’re shit out of luck. We’ve been granted bailout from the imf time and time again for the politicians to loot our treasury and raise taxes in order to keep our country on life i’ll say it again debt relief is relief we also have plenty of people whether local or foreign who performs acts of kindness everyday of course it help it somewhat but as long as we have the same political parties in power we’ll forever be receivers and not givers and as long as they still breath the oligarchs will use any means to crush any chance of us gaining political and economic power including through weaponizing the centralized banking system even if all turns out happily ever after the possibility of the centralized banking system being weaponized will always be possible and crypto is the only payment system that is uncensorable



Ah, so you’re saying that Western political systems and financial sector regulations mostly work, then?

they work fine enough for people to not starve to death and die of preventable diseases but they could be sooooooooooooooooooooooo much better whether or not people want that it’s up to them.

This is how

I call my country a hellhole all the time I don’t care about the opinions of trump and other people just that we make them stop being hellholes.

Yeah, pretty sure that person does not, in fact, live on $5.50 per day. Which is exactly my point: cryptocurrencies do not lift poor people out of their circumstances, cryptocurrencies cushion the already well-off and give the very rich them one more tool to use to extract wealth from others.

Living in a country with 50% inflation is being well off now? also what barriers would possibly stop someone who does live on that amount from the ability to preserve their wealth did you not see my other links about people in Africa and el salvador doing exactly just that


he gives ludwig von mises as an example of a mainstream economist so yeah it’s clear he doesn’t


if you’re an economist I don’t think it’s that farfetched that you should know the beliefs of the most dominant school of economic thought especially considering your whole thing is criticizing them and any introductory material in the field would introduce you to their beliefs.


Wait, I’m confused. You kept bringing up how the financial system is corrupt, and kept giving examples from the West. Now you’re saying that there is not loads of corruption in “the West”? Which one is it?

My examples came from third world countries as well plus it should be very obvious the level of corruption in the west doesn’t affect the daily lives of a majority of it’s citizens while in the third world it does.

I kinda think calling certain countries “hellholes” is kinda racist, don’t you?

Racism is the discrimination of a person/group of persons based on their race/ethnicity how does my use of hellhole do that all I’m doing is highlighting the negative conditions of those countries not discriminating against their inhabitants.

And before you start calling me names again and telling me that there are other cryptocurrencies, perhaps consider when exactly a person living on $5.50 per day and working all-day shifts is supposed to do their research into cryptocurrencies, not to mention reading the code and the smart contracts to make sure all is nice and dandy.

https://internationalfinance.com/the-rise-of-crypto-adoption-in-africa/

https://www.bitcoinbeach.com/

https://bitcoinmagazine.com/markets/lightning-network-bitcoin-usage-adoption-el-salvador

Living on Defi: How I Survive Argentina’s 50% Inflation - Mariano Conti at Devcon 5 https://piped.kavin.rocks/watch?v=ZEPx-iS7sz8


an economist who doesn’t even understand the difference between mainstream and austrian economists, how what was possible in the 18th century for tight-knit communities is not possible for modern day nation states and how even a left wing website admits that this is less an economics book and more propaganda


That’s like saying “tax deductions are charity”. Which is to say, untrue. Charity is personal, debt forgiveness is public policy.

please open a dictionary whether or not an act of kindness is done by an individual/company/government doesn’t alter the fact that it’s charity.

That is demonstrably untrue. The source code is accessible, sure, but ability to read it and reason about it is a whole different thing. And as smart contract bugs and all other sorts of problems with code related to “defi” show, that ability is not really doing them much good.

The same could be said about all open source software even if they aren’t technical it’s not wholly impossible to get in touch with people are and make a decision again it’s their decision whether or not to get involved with something they don’t fully comprehend no one is holding a gun to their head forcing them to do so.

Dunno, man, can’t remember being asked where I want to be born in either, even though I come from the so-called “Western World”. 🤷

The point you idiot is that they don’t get to choose to be born in place with loads of corruption and you being born in the west isn’t a curse like being born in a third world country is at the end of the day the chances are high that you have the capital needed/can find someone to give you the capital if you needed/wanted to move somewhere else and do so safely

And crypto helps here… how exactly?

It gives them a way to preserve their purchasing power while they’re stuck in that hellhole and save up to be able to move somewhere nicer


First of all NO ONE WAS TALKING ABOUT A HYPOTHETICAL COMMUNIST SOCIETY


fuck off and go raise funds to bring about the glorious revolution and ruin your own country


then get the money and go to china and leave us capitalists alone


why is that socialists are always on the internet complaining about the horrible west instead of living in their utopia


And if you’re defending cryptobro scams any sensible person would conclude you’re okay with them. How has that worked out for you so far?

Anyone with a brain in their head can see that I’m not defending scams but the right of individuals to make choices based on the information given to them and bear the responsibilities for those choices.

Nobody ever said anything about pure altruism, nor charity. Debt relief is not charity.I also really like how you make a point about the “politicians” doing the looting literally in a thread started by an article on how cryptobros loot poeple that had just been looted by other cryptobros. I guess if the looting is a private enterprise, it’s fine and dandy? 🙄 But please do go on, I enjoy reading your hot takes about what’s in a book you have not read, and what I think that I have not said!

Charity is generosity and helpfulness especially toward the needy or suffering so of course debt relief is charity.The cryptobros aren’t forced to use those defi applications you removed and are able to read the source code of the application before using it and decide whether or not to use it while the citizens of third world countries have no choice in what countries they’re born in and are largely unable to move to other countries safely without help nor did they elect the politicians in power on a platform of inflating their currency again I ask how the fuck does everyday communism/debit relief stop central banks from devaluating currencies and governments from expropriating property of their citizens



Are you an imbecile if you suggest a book by an anarchist and then complain about capitalism and talk about the need for it to be replaced any sensible person would conclude that you’re advocating for the replacement of capitalism with anarchism and not just debt relief, further more we already do debt relief for poor countries and as you can plainly see it does nothing for them as the corrupt politicians will just continue to loot the country’s assets and rack up the nation’s debt for it to be considered for relief yet again leaving the citizens to bear the cost as nation states unlike individuals/companies will always have even one willing lender meaning this cycle of misery could possibly continue till the end of time with their purchasing power constantly being eroded and the possibly that at anytime their assets stored at the bank could be expropriated by the government and the author’s definition of everyday communism as I already explained is literally just doing nice thing for other people again I assumed that you were an individual with a working brain who would realize that there has never been a society in the history of mankind that has operated on pure altruism and that charity alone cannot solve the issue of global poverty


The synopsis and reviews of the source material just talk about it exploring the history of money and giving evidence to point out to it’s origin as credit. All reviews of the book whether good/bad mention the end of the book recommending debt relief and it’s talks about everyday communism in none are any concrete alternatives mentioned. So regarding your critique of capitalism and the author’s background as an anarchist it serves to reason that any alternative system to capitalism that would be promoted must be anarchism so what pray tell did I pull out of my arse even jacobin doesn’t really find it that enlightening https://www.jacobinmag.com/2012/08/debt-the-first-500-pages/


Yeah so anarchist communes but don’t we have enough information on preindustrial societies that have existed/that still exist to show that they aren’t as egalitarian as claimed and they aren’t free as of violence either to know that’s completely stupid and violence is in the nature of man and not any particular system which is why no matter how free the market is , people will still be exploited


Look into gridcoin which does exactly that and coins that don’t use proof of work