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The article promotes totalitarian government, caps on wealth, a social credit system and completely misses the point of cryptocurrencies. The right title would

The article promotes totalitarian government, caps on wealth, a social credit system and completely misses the point of cryptocurrencies. The right title would be “Let’s turn every country into China”. No thanks.

88840-8855 5y ago
for me it would be a "yes please". see how different people and preferences are.
- rc2634 5y ago
  Maybe those who prefer a system like this should move to China instead of trying to bring the system to a country where most people are not in favor of such system.
- mdp2021 5y ago
  And this is why we should never forget that the brain is that organ which was developed to move (to pick your optimal direction and, directly or cunningly, go there). How very lucky that the solution spaces are sparse and different. How very unlucky that they may not be numerous and optimal enough.
- MightyCat99 5y ago
  Xi Jinping, is that you? Seriously though, i find the comments much more interesting than the original article. Amazing breadth of thought.
- the_70x 5y ago
  Put me in the top please
EGreg 5y ago
That’s why we started the project https://intercoin.org https://intercoin.org The open source code is at https://github.com/Intercoin https://github.com/Intercoin Documentation at https://community.intercoin.org https://community.intercoin.org Interviews with economists and regulators at https://youtube.com/c/intercoin https://youtube.com/c/intercoin Sound money, communities, similar to what this guy is talking about — but an autonomous and libertarian version of that. Because if crypto doesn’t step up and become actually adopted and useful, then we are going to live in a world where megacorps like Amazon/Facebook, as well as your friendly Federal Government, issue the currency and know everything about you and centrally plan who can pay and who can be … shall we say gently excluded from the economy due to their rating. This builds on my earlier work on https://github.com/Qbix/Platform https://github.com/Qbix/Platform to build an open source alternative to Web 2.0 platforms like Facebook, Twitter etc. EDIT: I am curious. For a decade, I do the work to prevent the otherwise inevitable outcome of centralized control, freely give away the code, document it publicly, make public interviews with standards bodies, regulators, economists to get it right, spend a ton of my own money and time to get it implemented (without raising any VC etc.) but then every time I would merely mention it on HN, would always get heavily downvoted by people who prefer not to say a single word as to why. I can understand if people give me feedback, but they prefer to silently downvote. OK, what's your better plan, what have you done to prevent this outcome? Why do you take actions to bury workable solutions to avert this situation?
- satvikpendem 5y ago
  It's because you're shilling your random coin on an article not specifically about cryptocurrency. Feels like spam to many.
- deleted 5y ago
  [deleted]
master255 5y ago
Do you like having aligarchs? Do you like having a lot of poor people? I wrote about cryptocurrencies - for today they make no sense. There is no such economy in China. There are no limits and states of accounts of all people and organizations there. And your comment is clearly spam.
- platonis 5y ago
  whenever there is money, there is a distribution. The poor are those with less, it cannot be avoided. There is nothing wrong with having oligarchs.
  - master255 5y ago
    There is nothing wrong with having oligarchs, but it depends on what percentage of the total number of people in society. If it is 0.01% of all people, it is very bad. If it's 10%, it's good. That's what regulates the maximum. Managed capitalism beats poverty. There will be no poor people. And your comment is clearly spam too. You don't know what you're saying at all.

88840-8855 5y ago

for me it would be a "yes please". see how different people and preferences are.

rc2634 5y ago
Maybe those who prefer a system like this should move to China instead of trying to bring the system to a country where most people are not in favor of such system.
mdp2021 5y ago
And this is why we should never forget that the brain is that organ which was developed to move (to pick your optimal direction and, directly or cunningly, go there). How very lucky that the solution spaces are sparse and different. How very unlucky that they may not be numerous and optimal enough.
MightyCat99 5y ago
Xi Jinping, is that you? Seriously though, i find the comments much more interesting than the original article. Amazing breadth of thought.
the_70x 5y ago
Put me in the top please

EGreg 5y ago

That’s why we started the project https://intercoin.org https://intercoin.org The open source code is at https://github.com/Intercoin https://github.com/Intercoin Documentation at https://community.intercoin.org https://community.intercoin.org Interviews with economists and regulators at https://youtube.com/c/intercoin https://youtube.com/c/intercoin Sound money, communities, similar to what this guy is talking about — but an autonomous and libertarian version of that. Because if crypto doesn’t step up and become actually adopted and useful, then we are going to live in a world where megacorps like Amazon/Facebook, as well as your friendly Federal Government, issue the currency and know everything about you and centrally plan who can pay and who can be … shall we say gently excluded from the economy due to their rating. This builds on my earlier work on https://github.com/Qbix/Platform https://github.com/Qbix/Platform to build an open source alternative to Web 2.0 platforms like Facebook, Twitter etc. EDIT: I am curious. For a decade, I do the work to prevent the otherwise inevitable outcome of centralized control, freely give away the code, document it publicly, make public interviews with standards bodies, regulators, economists to get it right, spend a ton of my own money and time to get it implemented (without raising any VC etc.) but then every time I would merely mention it on HN, would always get heavily downvoted by people who prefer not to say a single word as to why. I can understand if people give me feedback, but they prefer to silently downvote. OK, what's your better plan, what have you done to prevent this outcome? Why do you take actions to bury workable solutions to avert this situation?

satvikpendem 5y ago
It's because you're shilling your random coin on an article not specifically about cryptocurrency. Feels like spam to many.
deleted 5y ago
[deleted]

master255 5y ago

Do you like having aligarchs? Do you like having a lot of poor people? I wrote about cryptocurrencies - for today they make no sense. There is no such economy in China. There are no limits and states of accounts of all people and organizations there. And your comment is clearly spam.

platonis 5y ago
whenever there is money, there is a distribution. The poor are those with less, it cannot be avoided. There is nothing wrong with having oligarchs.
- master255 5y ago
  There is nothing wrong with having oligarchs, but it depends on what percentage of the total number of people in society. If it is 0.01% of all people, it is very bad. If it's 10%, it's good. That's what regulates the maximum. Managed capitalism beats poverty. There will be no poor people. And your comment is clearly spam too. You don't know what you're saying at all.