Internet Of Communism

Is Blockchain Tech Leading us To Communism?

4 min readJun 25, 2021

WHY YOU SHOULD CARE

“A growing number of leftist thinkers and academics argue that 21st-century tech revolutions could lead us to a classless political and economic model” says Tom Cassauwers.

THE NEW + THE NEXT

The founders of Napster probably weren’t thinking about communism in 1999 when they made peer-to-peer sharing of digital audio files possible. But in doing so, they undermined one of the core elements of capitalism: scarcity. Without scarcity, prices drop to zero and markets stop working. So when people started duplicating and sharing songs for free, they destroyed the business model of record companies, one download at a time.

Real Life Example

A user once asked ‘What is the model of NFT ?’ I answered, “Rare”.

He was confused by my one word answer, then he asked again,

‘What do you mean by Rare?’ then I answered, The worth or value of an asset depends on its availability not only its importance or usefulness.

Using Diamond Vs Water as an example

Water is very important to man and we can’t do nor live without it, but its cheap because it all around us through many sources and rain is one of them.

But in the case of diamond, being one of the strongest stone in the world makes it super precious and scarce to find.

Same reason Diamond is also expensive than Gold.

But in the case of the word ‘Communism’ a growing number of leftist thinkers and academics are arguing that capitalism will ultimately not be able to face the explosion of technological change that the 21st century is bringing, which is pushing us to a post-scarcity world, one where markets no longer really work. The only way capitalism can survive, they say, is by using legal threats and patents to artificially restore scarcity.

A user on reddit YnotHaTony once asked a question 2 years ago in which he asked in a scared tone

‘Blockchain_will_lead_us_to_communism’

and he got replies from the community

First person said ‘Isn’t communism were everybody is equal? so in a blockchain. In communism nobody is (should be) higher than the other, like in blockchain. Isn’t blockchain all about to give the power to the people? Communism too, in theory. Blockchain opens the door to the first “real” communism without a central government giving the power to the people, isn’t it?’

Second person said communism relies on central planning which is everything that a blockchain like bitcoin is not. Check Out the Full Discussion Here

According to the two answers above, we will redirect it back to the upgrades DriipChain have for the future of the ‘World of Communism’.

Our mission to build a whole new world on the internet all on the New Blockchain System ‘DriipChain’ and it’s Consensus ‘Proof-of-Communism’, comes with sets of planning, analysis, structuring & branding on ideas.

In theory, a centrally planned economy can overcome market failure and achieve equality of distribution. Supporters of centrally planned economy argue that when economic decisions are left to free market —monopolies emerge to exploit consumers. Furthermore, the Capitalists those who own private property) can earn money through exploiting the labor of others. A central planned economy allows a fair distribution to all and not just the capitalist class, that’s where the Proof of Communism comes in place.