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Author Topic: Blockchain — A Libertarian Socialist Revolution  (Read 869 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)
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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
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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
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Offline crypterum

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

Offline TSM.GlobalTopic starter

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Re: Blockchain — A Libertarian Socialist Revolution
« Reply #5 on: July 06, 2018, 01:33:46 PM »
When Should You Hire an ICO Marketing Agency?




Many startup founders, ignited by their enthusiasm of the new crypto realm, decide to create a new blockchain project and fund it with an Initial Coin Offering (ICO) or Token Generation Event (TGEs).

These founders are often required to assemble a team and begin their project with limited or no funding. Such entrepreneurs would be (in most cases) terribly wrong to approach a Marketing company under such conditions.

Why should they wait before seeking an agency?

Many successful ICOs have raised a lot of money without the help of a Marketing agency because they have their networks, valuable skills, and can turn to freelancing sites to source people with experience for small areas where they lack knowledge. Some reputable companies, like International Blockchain Consulting, have used freelancing platforms to find high-quality people for their operations.

ParagonCoin, which raised more than 170 million USD, also used freelancers at around $30 dollars per hour for most of its day-to-day support needs. Super angels such as Fabrice Grinda use freelancers for his venture capital firm and related research projects. Even Secretary Generals of international organizations such as Interpol use freelancing sites! So, it can be a cool place to get started.

It is fine NOT to use an agency if you can properly select freelancers and create a team with limited resources, at first. A team that fits the founders culturally and professionally can do the job very well. Such a strategy can also help founders save money on labor and find people that will stick with them after their ICO hits the softcap.

If you are a bootstrapping your way to an ICO, then you probably won’t be able to afford a real ICO agency (unless you’re already very wealthy). But don’t get discouraged if you don’t have the sometimes-stellar budget required by leading ICO agencies. With the right team, culture, and sweat equity in place, many have worked miracles. If you have what it takes, you might do so as well!

So, do NOT contact an ICO marketing agency if…
 

You don’t have a proper budget (20k or 100k minimum depending on the agency).

You would be better off with internal teammates you can find online rather than through third-party companies.

You want to keep all the teammates on board after your ICO

If you have the contacts and know-how needed to raise the money yourself

 
Instead of wasting your time, and some agency’s time as well, you should work towards creating a compelling pitch of your project idea and yourself. Dig into your LinkedIn and alumni networks, turn to pitch-promising wantrepreneurs at universities, and join freelancing sites to assemble a cost-effective team that is good enough to get you started.

Agencies are built from people who produce more value together in synergy than individually. They are comprised of imperfect individuals striving for a perfect whole. That is why many agencies charge premiums, as they believe they’re offering more than any individual by themselves.

Agencies are also more required to abide by local and international laws. They have databases, networks, memberships in prestigious organizations, collective know-how that surpasses that of freelancing individuals, and setup procedures to optimize productivity and results (capitalist vaulters!). The only real issue is that they cost more!

That is the reason why bigger companies and high net-worth individuals (HNWI) who are doing ICOs usually contact agencies rather than freelancers. It saves time, guarantees higher quality, and allows usage of proprietary know-how, know-who, and tech. Also, they can rely on legal responsibilities if they want to deduct the investment expenses from their taxes, for example. All these factors make the choice of an agency more convenient for them.

So, when you should hire an ICO agency?
 

When you have the budget for a turnkey solution or a specific valuable service

When you don’t want to spend time and energy creating a separate team as you won’t need it post-ICO (some ICO team roles are temporary).

When it is convenient and easy from legal and technical standpoints

When you can benefit from the network, know-how and reputation of the agency

 
There is also a third option. You can download Telegram and join any open groups where you can ask for ICO services. This will result in hundreds of offers coming your way from entities that are half agencies, half freelancers, or some percentage of the two combined. Close your eyes, give it some thought and choose the ones that you think are best. This might be a question of luck! Beware of Telegram offers, however, as half of them (especially the YouTube reviews) are probably scams!
Strike gold with the most precious token company.


 

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