This guys focus on unequal outcomes is nauseating.
@ the idea that wealth is distributed in lessaiz faire capitalism.
Black People And Capitalism DON'T Mix
- Thread starter Medicate
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This guys focus on unequal outcomes is nauseating.
@ the idea that wealth is distributed in lessaiz faire capitalism.
Take It In Blood
Banned
This guys focus on unequal outcomes is nauseating.
I've lurked for the longest and im very familar with all your post and opinions , the sig applies to you and your kind.
MewTwo
Freeing Pokemon From Their Masters Since 1996
@Poitier what's your opinion on cryptocurrencies?
Perhaps p2p, distributed blockchain technology is more in tune with the needs of black people?
Just started in it myself, but even if govts Crack down on it, I'm of mind that the technology raises questions that have the current economic system
I think it is interesting stuff and Black folks should look into it but I'd be lying if I said I knew much about it
I have been thinking about this too.@Poitier what's your opinion on cryptocurrencies?
Perhaps p2p, distributed blockchain technology is more in tune with the needs of black people?
Just started in it myself, but even if govts Crack down on it, I'm of mind that the technology raises questions that have the current economic system
I've seen the banks are getting up in arms over cryptos, but think they can somehow adopt the blockchain to their business model as if they can retain the same culture and systems.
I don't think so.
Same thing with Russia and China trying to come up with their own, and trying to stomp on the rest.
What's the excuse for centralization for big, bloated, beaurcratic, 3rd parties, when they're getting hacked, used for fraud...etc.
I say, more power to the people. Let us handle our money, and I think we'll be better off not depending on traditional monetary entities and systems that have and will continue to be sub-par or fail us.
what are your thoughts on the cryptocurrency usage in Zimbabwe?
The demand is freaking crazy.
It's crazy how African countries be leap-frogging the rest of the world in certain areas.
Tanzania is way ahead in the digital money game too.
Some people want BTC for ~$2000-3000+ and in Zimbabwe it could head to $10000.
Countries unstable currencies would be where cryptos really take off tho.
I was listening to Joe Rogan's podcast with Andre Antonopoulos and he did mention 1st world countries weren't probably going to see the benefit of cryptos as all that special and probably didn't need them.
Yet.
The question for me is would any of you take cryptocurrency serious if it was first theorized & proposed by an African(continent or diaspora) as a substitute to the status quo? 
Why would I ask that question?
I personally don't subscribe to capitalism or socialism in the formation of my thoughts on economic matters. I also don't subscribe(maybe I should say neutral) to cryptocurrency as a monetary system.
Now if I or any other African person were to suggest an alternative how willing would any of you be to put it on the table? Hell, if any of us put a solution on the table back in 2009 how many would buck? If an African solution was even theorized in 1998 how many? This is relatively new stuff so it's not like a "well let me see how this pans out first"
scenario.
My position on economic monetary issues:
My monetary theories are embedded in my business operations plans. This entails inverting the inflationary pressures embedded in the current banking & monetary system as a means to fuel economic growth. The down side is that because it's an "economic implosion engine" it's inherently a temporary measure. The implications of this inversion/implosion on the wider economic system is also one of the reasons why I wouldn't just put it out there in the public. The only people I've spoke to about it is my daddy and a guy from (Africa or Caribbean) who was an "agricultural economist" at Auburn University.
But I can give a synapses of how I came to the conclusion
It comes from two odd sources actually...
After playing that modern parallel out "on paper", I realized that the result would be economic activity via inversion/implosion on the wider economic inflationary system that's been built up since the 1600's when the "modern" banking system began coming into existence.
From there three things came to mind...
Ok, and why do you mention all this inversion/implosion stuff in our convo bruh?
All the talk about cryptocurrency(and fighting over capitalism & socialism) which is rather new lead me to wonder how quick would those same people be to embrace my(or any other person on the continent / diaspora)'s economic financial positions not derived from Europeans & Asians if put on the table.
Definition of poetic justice
:an outcome in which vice is punished and virtue rewarded usually in a manner peculiarly or ironically appropriate
Definition of POETIC JUSTICE
Why would I ask that question?
I personally don't subscribe to capitalism or socialism in the formation of my thoughts on economic matters. I also don't subscribe(maybe I should say neutral) to cryptocurrency as a monetary system.
History
In 1998, Wei Dai published a description of "b-money", an anonymous, distributed electronic cash system.[19] Shortly thereafter, Nick Szabo created "bit gold".[20] Like bitcoin and other cryptocurrencies that would follow it, bit gold (not to be confused with the later gold-based exchange, BitGold) was an electronic currency system which required users to complete a proof of work function with solutions being cryptographically put together and published. A currency system based on a reusable proof of work was later created by Hal Finney who followed the work of Dai and Szabo.
The first decentralized cryptocurrency, bitcoin, was created in 2009 by pseudonymous developer Satoshi Nakamoto. It used SHA-256, a cryptographic hash function, as its proof-of-work scheme.[13][21] In April 2011, Namecoin was created as an attempt at forming a decentralized DNS, which would make internet censorship very difficult. Soon after, in October 2011, Litecoin was released. It was the first successful cryptocurrency to use scrypt as its hash function instead of SHA-256. Another notable cryptocurrency, Peercoin was the first to use a proof-of-work/proof-of-stake hybrid.[22] IOTA was the first cryptocurrency not based on a blockchain, and instead uses the Tangle.[23][24] Many other cryptocurrencies have been created though few have been successful, as they have brought little in the way of technical innovation.[25] On 6 August 2014, the UK announced its Treasury had been commissioned to do a study of cryptocurrencies, and what role, if any, they can play in the UK economy. The study was also to report on whether regulation should be considered.[26]
Now if I or any other African person were to suggest an alternative how willing would any of you be to put it on the table? Hell, if any of us put a solution on the table back in 2009 how many would buck? If an African solution was even theorized in 1998 how many? This is relatively new stuff so it's not like a "well let me see how this pans out first"
scenario.My position on economic monetary issues:
My monetary theories are embedded in my business operations plans. This entails inverting the inflationary pressures embedded in the current banking & monetary system as a means to fuel economic growth. The down side is that because it's an "economic implosion engine" it's inherently a temporary measure. The implications of this inversion/implosion on the wider economic system is also one of the reasons why I wouldn't just put it out there in the public. The only people I've spoke to about it is my daddy and a guy from (Africa or Caribbean) who was an "agricultural economist" at Auburn University.
But I can give a synapses of how I came to the conclusion
It comes from two odd sources actually...
- Kemetic agricultural economic system
- Virtual world economies
After playing that modern parallel out "on paper", I realized that the result would be economic activity via inversion/implosion on the wider economic inflationary system that's been built up since the 1600's when the "modern" banking system began coming into existence.
From there three things came to mind...
- We only get one good shot at this, so African people would have to be the first to enact these measures.
- That economic inversion / implosion could be viewed as a threat depending on how fast it occurred.
- It would be poetic justice that the economic activity would be derived from draining the economic system built on our enslavement.
Ok, and why do you mention all this inversion/implosion stuff in our convo bruh?
All the talk about cryptocurrency(and fighting over capitalism & socialism) which is rather new lead me to wonder how quick would those same people be to embrace my(or any other person on the continent / diaspora)'s economic financial positions not derived from Europeans & Asians if put on the table.
Definition of poetic justice
:an outcome in which vice is punished and virtue rewarded usually in a manner peculiarly or ironically appropriate
Definition of POETIC JUSTICE
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The question for me is would any of you take cryptocurrency serious if it was first theorized & proposed by an African(continent or diaspora) as a substitute to the status quo?
Why would I ask that question?
I personally don't subscribe to capitalism or socialism in the formation of my thoughts on economic matters. I also don't subscribe(maybe I should say neutral) to cryptocurrency as a monetary system.
Now if I or any other African person were to suggest an alternative how willing would any of you be to put it on the table? Hell, if any of us put a solution on the table back in 2009 how many would buck? If an African solution was even theorized in 1998 how many? This is relatively new stuff so it's not like a "well let me see how this pans out first"
My position on economic monetary issues:
My monetary theories are embedded in my business operations plans. This entails inverting the inflationary pressures embedded in the current banking & monetary system as a means to fuel economic growth. The down side is that because it's an "economic implosion engine" it's inherently a temporary measure. The implications of this inversion/implosion on the wider economic system is also one of the reasons why I wouldn't just put it out there in the public. The only people I've spoke to about it is my daddy and a guy from (Africa or Caribbean) who was an "agricultural economist" at Auburn University.
But I can give a synapses of how I came to the conclusion
It comes from two odd sources actually...
...while looking over the historical development of keynesian economics I saw he studied "Ancient Egyptian" economies to devise his economic theories. While looking over the raw data on the Kemetic economic system I caught something John Maynard Keynes ether thought was trivial or out right missed. Given my background is software engineering(focus on game design & dev) I knew a parallel in virtual world economies also. After finding that parallel I looked for a third parallel in the "modern" economic system and didn't see one, so I theorized a modern parallel.
- Kemetic agricultural economic system
- Virtual world economies
After playing that modern parallel out "on paper", I realized that the result would be economic activity via inversion/implosion on the wider economic inflationary system that's been built up since the 1600's when the "modern" banking system began coming into existence.
From there three things came to mind...
As a result I don't talk about the details of this to many people. I just work on building up to the point were I can enact it. Right now I'm not in that position.
- We only get one good shot at this, so African people would have to be the first to enact these measures.
- That economic inversion / implosion could be viewed as a threat depending on how fast it occurred.
- It would be poetic justice that the economic activity would be derived from draining the economic system built on our enslavement.
Ok, and why do you mention all this inversion/implosion stuff in our convo bruh?
All the talk about cryptocurrency(and fighting over capitalism & socialism) which is rather new lead me to wonder how quick would those same people be to embrace my(or any other person on the continent / diaspora)'s economic financial positions not derived from Europeans & Asians if put on the table.
Definition of poetic justice
:an outcome in which vice is punished and virtue rewarded usually in a manner peculiarly or ironically appropriate
I personally think of cryptos as more digital commodities than money. There kind of too volatile to store my wealth in...
As for your idea, tell us more. There's brehs in here looking for altenative solutions.
Shoot your shot and don't be too pessimistic.
@videogamestashbox.com @Jammer22
I went to an all black tech meet yestrday. First of many. I learned a hell of a lot about cryptocurrency and block chaining. Will be writing a technical piece on it later. Firstly I don't think an African cryptocurrency would have been well received by brehs because there was no way of knowing that even bitcoin would take off. After that though I think it would have been more likely to succeed. Look at Ethererum, besides being a framework, It's doing pretty well. The other issue is that there's nothing backing anything. In order for any of us to agree to use it we'd have to basically trust each other the same way dudes trust the gov. Lastly, I heard about market manipulation, and how at one point two months ago, someone dragged the Ethererum price from 100 dollars to 11 cents in 10 mins. Another dude then bought 100 dollars worth and the shyt shot back to it's current price.
The only positive selling point I could see back then is it all being decentralized. I'm not saying I wouldn't invest. But man it's a steep peak to scale.
I went to an all black tech meet yestrday. First of many. I learned a hell of a lot about cryptocurrency and block chaining. Will be writing a technical piece on it later. Firstly I don't think an African cryptocurrency would have been well received by brehs because there was no way of knowing that even bitcoin would take off. After that though I think it would have been more likely to succeed. Look at Ethererum, besides being a framework, It's doing pretty well. The other issue is that there's nothing backing anything. In order for any of us to agree to use it we'd have to basically trust each other the same way dudes trust the gov. Lastly, I heard about market manipulation, and how at one point two months ago, someone dragged the Ethererum price from 100 dollars to 11 cents in 10 mins. Another dude then bought 100 dollars worth and the shyt shot back to it's current price.
The only positive selling point I could see back then is it all being decentralized. I'm not saying I wouldn't invest. But man it's a steep peak to scale.
Also @videogamestashbox.com I think Nakamura isn't real and is either an AI or a group of people.
All true.
There are manipulators in the space called 'whales'.
You also have the act of 'pumping and dumping'. (Pumping coins up and dumping at a certain price.)
I go on Reddit and lurk, or head over to Youtube to see criticisms and support for certain coins.
But you're right that cryptos are rife with price manipulation.
I prefer to look at individual projects and the teams behind them when putting my money into individual coins.