3 ms·

I cared about the technology: https://intercoin.org https://intercoin.org Sadly I was too much of a socialist and there for the tech and utility. Suffice it to

• surgical_fire 3y ago
  > But on HN we get lumped in with the rest of the Web3 bullshit and scam artists Any community is typically judged by their worst members. Much like a parent is judged by their worst child. Don't feel too bad about it, its just the natural course of things.
• yao420 3y ago
  Is it a dead project now? I searched on the coingecko link you provided and only see $3.9k in liquidity and a single $65 trade in the last 30 days.
  • EGreg 3y ago
    Just because speculators aren’t actively trading the token and volume bots aren’t creating fake volume wash trading doesn’t mean the proejct itself is dead at all. One thing about US regulations… we did not want to get involved with making the secondary markets or whatever. Expect the community to do it. We don’t care about attracting speculators to pump and dump. We believe that once we attract CUSTOMERS then the speculators will turn up to make the market.
• flagrant_taco 3y ago
  I'm very curious the overlap of socialism and the design of intercoin, I wouldn't have picked up socialism by looking through the intercoin site. I'm used to seeing socialism used at a national scale, was your vision to allow a much more local version of socialism with every town effectively running it's own socialist bubble? If not, how would a larger socialist system tie together all the individual currencies used managed by each town? Sorry for the tangent, I've just never really thought of a hyperlocal version of socialism before!
  • EGreg 3y ago
    Sure. I consider utility tokens as libertarian socialism online. They are voluntarist (you opt into using them) and eliminate the extractive shareholder class (which is the reason why, say, Uber drivers pay half their salary to the “owners” of the platform). Selling shares was the old way of raising money and it is the reason why all Big Tech are monopolies. Facebook and Twitter are each controlled by one guy (Elon or Zuck), while gift economies like Linux or the Web enrich the world without a shareholder cabal around Torvalds or TimBL extracting rents. No one advises them “Competition is for losers, Build a monopoly” like Peter Thiel did. By being permissionless and open they have created far more wealth for the world than their capitalist counterparts. Airdrops are a form of UBI, and can be used to put money in the hands of the public. Towns can use software to run their own monetary and fiscal policy without relying on the Banking system as the source and sink of their money supply. Banks do not issue money on the basis of public good, the more people need money the less likely they are to issue it to them in the form of credit. They make the rich richer and it is about generating about profits for their shareholders and depositors. In a UBI scenario, money is issued to everyone equally. Even the game Monopoly (which was originally designed by a socialist to illustrate the perils of capitalism!) has a UBI every time you pass Go, or the game doesn’t work. A socialist alternative to a bank is a Credit Union. Imagine Intercoin letting anyone create a credit union and connecting all of them together like the Internet did for communication. https://en.m.wikipedia.org/wiki/Libertarian_socialism https://en.m.wikipedia.org/wiki/Libertarian_socialism It has been practiced by everyone from prehistoric tribes to today’s Housing cooperatives and worker-owned cooperatives and universities. One of the oldest sites on the Web is run by an anarchist socialist, serves local communities and it has outcompeted all capitalist attempts to disrupt it and extract rents. You’ve definitely heard of it: https://www.zdnet.com/article/craigslist-ceo-jim-buckmaster-delightfully-communist/ https://www.zdnet.com/article/craigslist-ceo-jim-buckmaster-... Another of the oldest sites on the Web has quickly outcompeted all capitalist encyclopedias including the most famous ones like Britannica and Encarta, making them mere rounding errors in usage. That of course is Wikipedia. Jimmy Wales is not a socialist, he is a libertarian however. I think the record is clear: open, permissionless systems outcompete closed ones in the end. The word “socialism” triggers people to think “big government” even though capitalist systems typically have just as big of a government. But actually I want more decentralization, everyone to have access to tools to self-organize. I want a UBI and gift economies to voluntarily replace the contradictory for-profit capitalist institutions, like private ownership of public forums. So I often say I’m a left-libertarian (like George Carlin or Russel Brand). I am trying to make an alternative to Big Government and Big Corporations, by giving software to empower people and unite communities. Eventually, when towns have this system, people will be able to work 20 hour work weeks and spend the rest of the time with their family and voluntarily working on cool projects. However, until then, since we do still live in a largely capitalist system, I need some people to invest in our project so my team and I can pay for food and housing :) If you want to get involved, you can invest your time and skills as a developer, designer, promoter, or you can invest money. If you want to know how investors can make a profit without buying shares just take a look at Ethereum’s early buyers, it’s a great example. It’s a pure utility play. No extractive shareholder class and no one restricting the ecosystem. It’s an even freer ecosystem than the Web! So anyway if you want to get involved email me at greg at the domain intercoin.org