Progressive Governments vie to Mandate Forced Equitable Redistribution of Digital Wealth to Citizenry at Large. The Cryptography is ready, The Politics is on the Move
The following is an AI empowered Qstory, ( qstory.solutions) shedding light on 'Digital Money: Threats and Opportunities' an InnovationSP product (innovationsp.net)
Karl Marx "Communist Manifesto" is arguably the follower and of the stature of Plato's "Republic", sharing the central idea that no minority should be allowed to cement its rule over society at large. Not by the sword, and not by treasure.
The intellectual grip of this underlying idea is universal and widespread. That is why neither democracy, not communism are extinguished, despite repeat disappointments.
The shared cause of both failures is: money
Money-minority has successfully fought back both democracy and communism.
While in democracy the people are free to put in power whomever they want, the money-minority has the means to make sure that political candidates require a lot of money to be noticed for election. Such money is meted out to selected candidates committed to keep the money-minority in power.
Communism disappointed because it failed to understand that money projects value only if it is an object of desire. A system that forces equal spread of material resources does not generate the will to make more, to grow, to create new wealth. Marx's theory missed this point, and his followers have logged a dismal record.
Money-minority celebrated its victory. Democracy, as practiced, gives the majority the illusion of being in control, and communism quickly deteriorate into poverty, and the disillusioned people come to accept money-minority rule, being the only system wherein money motivates people to build society for growth.
Communism thinkers licked their wounds, and learned their lesson. Society needs to experience a gradation of wealth: a rich minority and a money-tight majority, where everyone rich or poor is vying for more money, more assets, more wealth. This vying translates to human efforts and ongoing labor to generate more societal wealth.
Some in society are more adept than others for making money, and so money accumulates in the hands of a money minority that naturally cements in power -- this is exactly what both democracy and communism are against -- at their core!
It looked as a challenge so steep that even at the theoretical intellectual level there seemed no way to square communism with capitalism ( money equality with money inequality). Processed through the InnovationSP methodology, a theoretical resolution emerged: taking turns: using capitalism to build up societal growth (at the price of a steep gradation of personal wealth), then declare a switch and exercise equalizing re-distribution of the newly generated wealth to all the members of society. Once wealth is distributed -- capitalism is unleashed again. More growth, again at the price of graded wealth. Following a preset re-do period, there comes another stop -- and another round of redistribution. This time there is more wealth to distribute (Capitalism works!) Growth is thereby benefitting all members of society, not exclusively those blessed with talent to generate this wealth. And this is not because wealth gradation per se is bad, it is because a static money-minority, as we have seen, does violate the basic premise of both democracy and communism, the premise that no minority shall take control of society at large. The only way to stop money-minority from stealthily control society is to return to equal distribution of wealth in a periodic way. This is a happy integration of capitalism power to generate wealth, and communism power to prevent money-minority from taking control of society at large.
This, so called, "Compete and Share" (C&S): idea collected dust as a theoretical nicety of some intellectual attraction.
Then digital money came forth. Bitcoin pioneered the idea that money can be listed in the public domain, while its owner is kept private. Payment is exercised via a complex mathematical algorithm. The very fact that all the circulated money (up to the last digital coin) is publicly listed, invites the prevailing authorities to exercise their power and assume control of the listed money, confiscating it from whoever is the owner, hiding behind the math. This is fundamental to digital money: while owners are hidden, the money itself is listed, identified, and subject to government action. Once confiscated, these digital coins will be assigned to all the legal citizens -- evenly. National wealth will be shared as dictated by communism.
Once the digital coins are distributed, capitalism starts again full-fledged. Commerce proceeds, payment privacy preserved, and growth is being generated once again. The talented get richer, the not so talented get not so rich, and wealth gradation builds. Until it is time for another round of redistribution.
Instead of exercising this 'compete and share' protocol over bitcoin, it is more attractive to do so over a government controlled digital currency (CBDC -- central bank digital currency), using a payment privacy protocol, like BitMint. BitMint is mathematically proven to uphold privacy against math-bound quantum computing hacking efforts to pierce it. Why is privacy so important?
For this "compete and share" program to work, it is necessary for the successful capitalists to be well motivated to exercise their growth-generating capabilities. Today they do so with the expectation that their wealth will be preserved. According to "compete and share" (C&S) these dynamos of wealth will lose their riches by the end of the wealth-accumulation period, so why bother? Indeed, if the re-do period is short, there will be poor motivation to generate personal wealth, but if the re-do period will be long enough then until it is time to redistribute, the personal wealth builder will be enjoying his advantage. In order to further lure the successful capitalist to play ball, the system will offer robust privacy with very few guardrails. That means that in the compete period, there will be a great deal of freedom beyond what there is today. Capitalists love it!
There are plenty of issues that need to be resolved on the way to implementing "compete and share", cryptography is not one of them. The technology is there to replace the hidden owner of a publicly listed digital coin, and put the coin in a government digital wallet. It is also technologically feasible, using the BitMint protocol, to re-mint this digital wealth and give a due cut to every registered citizen. The politics though is far and away, especially in light of the recent elections. But progressives are undaunted. It took sixty nine years from the publication of the "Communist Manifesto" to large scale implementation. It will be a much shorter time before The Communist Moneyfesto will be on the ballot.
Expect a deeper drive in the coming article. What we emphasize here is how digital money has a huge revolutionary impact on society. It is time that well-meaning responsible leaders treat this invention for its full potential -- opportunities and risk.
I point my readers to my old book "Tethered Money" (Elsevier 2015) written before its time, coming to light these days.
The above article is an AI empowered Qstory, ( qstory.solutions) shedding light on 'Digital Money: Threats and Opportunities' an InnovationSP product (innovationsp.net)
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