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Author Topic: Blockchain — A Libertarian Socialist Revolution  (Read 255 times)

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Offline TSM.GlobalTopic starter

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Blockchain — A Libertarian Socialist Revolution
« on: March 09, 2018, 02:21:40 AM »

What makes blockchain uniquely different than other conventional companies is not the fact the most blockchain platforms have limited supply of their tokens. Gold has a similarly limited supply today and yet capitalism persists, while communist regimes have reverted to fiat currencies and that did not make them capitalist. Instead, what makes blockchain companies unique is the fact that most crypto assets that dominate the blockchain exchanges (with minor exceptions) do not know conventional profit from the labor of others as a category. Therefore, it is my assumption that Karl Marx and many of his peers would have loved the blockchain!
Initial coin offerings (ICOs) are usually done by an emission of digital tokens via coded and uploaded to be seen, smart contracts. Like bonds without interest or shares without profit yield, these tokens usually appreciate in value as the adopters of the specific token raise in number. Thus, the networking effect is the principal reason for growing the value of most digital crypto assets. For instance, the more people buy Bitcoins, the greater their value would be — and so is the case with most other crypto assets.
Tokens can be best understood as small economies connected on blockchain exchanges. To illustrate this, we can take a small example. For instance, someone can make a token for storing car data in a distributed blockchain database, like CarData tries to do, token economy for identity verification, like Civic, or for access to a lottery platform that draws the winning numbers from NASDAQ like MOS or as a transaction tool and keeper of value Bitcoin itself. Many things can be organized in decentralized economies based on tokens.People holding different tokens from different token economies can trade them on exchanges. For instance, if someone needs to use medical data from a medical blockchain, she or he can use Bitcoins to buy MedicalChain tokens and access the service. If a bank or a university needs to verify an identity online, they might use Tezos tokens (called Tezzies) to buy Civic tokens and do the identity validation, etc. As you can see, there is no conventional profit made in the economy but the networking effect or how many people use it, which is connected to the utility and code of each token, determines its price. Everyone earns from their labor!
When someone launches an initial coin offering, he or she usually divides the tokens to team members, advisers, investors, and supporters. The appreciation of the value of tokens is something that leads to “capital gains” for everyone who contributed towards the project. Once the entire world accepts the blockchain economy and no more network effects exist because no new people enter the token economy, the price of these digital assets should stabilize. Then, everyone would be rewarded the proportional value that they have created for others, not necessarily with profits from ownership of assets (given there will be no more excessive “capital gains”).
Profit seems like a dirty word in crypto-land today. From 100 random ICOs, we analyzed, only 13 had some form of profit sharing function. But, even when they share profits, these start-ups seem more generous than their counterparts from the conventional, old economy. For instance, start-ups like MagnumLink that is issuing tokens backed by precious minerals such as diamonds and gold, want to share at least 50% of profits with its investors while giving away 100% of tokens away during the ICO.
So, if the new blockchain companies in most of the cases become foundations (Ethereum, Tezos, etc.) that create no profits, and people earn as much value as they create for others, does that look like Socialism? Perhaps it looks like a libertarian type of socialism created by the private sector, but it is socialism, nevertheless.Alek V. RibakCEO @ TSM & The Omega Project (TOP)
Strike gold with the most precious token company.


Offline Bandys

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Re: Blockchain — A Libertarian Socialist Revolution
« Reply #1 on: March 29, 2018, 11:40:02 AM »
That's interesting. Block chain is truly very popular. I've heard a lot about how it was even incorporated into the voting system of the president of some country. That's how much this technology people trust.

Offline TSM.GlobalTopic starter

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Re: Blockchain — A Libertarian Socialist Revolution
« Reply #2 on: June 05, 2018, 02:05:45 AM »
Blockchain and ICO Education for Merit



TSM Global is a blockchain marketing company that has helped clients raise more than $280 million USD for projects that shape the future of the planet. Yet, we have negative merit on this forum. We gave free education, no one cared about. We gave free blockchain courses, rarely who used. Now we charge for our services.



Only people who would give us MERIT will get only ONE of the following:



1.     One-pager guide on whether you need to hire an agency for your ICO

2.     One-pager guide of HOW to do an ICO alone without an agency

3.     Blockchain 101 course on more than 100 slides

4.     Up to 30 minutes free consulting session by senior ICO experts



If you like to get any of the following, please go to our page and give us MERIT! Then write to mary@omegaproject.biz to get our materials or consulting session.



www.tsm.global
Strike gold with the most precious token company.

Offline TSM.GlobalTopic starter

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Re: Blockchain — A Libertarian Socialist Revolution
« Reply #3 on: June 12, 2018, 02:49:32 AM »
The Economics and Financial Mathematics for the Blockchain Era / Pre-order NOW




The Economics and Financial Maths for the Blockchain Era is a book by the CEO of TSM Global, Alek Ribak (www.alekr.com) who in 777 pages presents:

1. Blockchain Economics 101 and Finance 101
2. Main problems that cause stagnation of the crypto market
3. Solutions that would follow and we must accelerate
4. How the market will evolve over time
5. What should happen in 100 and what might happen in 500 years
6. Why blockchain founders are mostly libertarian socialists though they do not usually know this

The market price of the book of 777 pages would be 777 EUR and limited to only 100,000 paper copies. The first 100 who pre-purchase it can get it for only 300 EUR and expect it by late December 2018.

You can also write to office@tsm.global


www.tsm.global
Strike gold with the most precious token company.

Offline crypterum

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Re: Blockchain — A Libertarian Socialist Revolution
« Reply #4 on: June 13, 2018, 10:54:41 AM »
 interesting


 

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