Hi, I'm curious about your alternative model for capitalism. How does it aim to change the logic of capital accumulation? Since companies are driven by profit, the entire system revolves around capital growth and competition, which ultimately leads to the emergence of monopolies and billionaires. How does your model address these issues?
synctext|1 year ago
The principle we hope will work is to out-compete abusive platforms. Textbooks say capitalism requires realistic future profit and growth. The goal is to show Wall Street that profitability of Big Tech advertisement model is doomed.
Forming non-profit collectives we aim to organise alternatives which are superior to existing offerings. So you still end up with a monopoly, just under democratic governance. This is in-line with the thinking at European Commission level, DG Grow [0]. We are trying to invent the tech to form digital collectives which scale beyond millions. Very hard. Plus collective decision making. Then you have self-sovereign citizens owning these collectives, not markets.
By design Tribler is self-organising and self-scaling. We have build a DAO using shared Bitcoin capital [1] with one extension using fancy crypto based on FROST [2].
[0] https://etendering.ted.europa.eu/cft/cft-display.html?cftId=... [1] https://dl.acm.org/doi/pdf/10.1145/3565383.3566112 [2] https://repository.tudelft.nl/islandora/object/uuid:f45f85a0...
jerry1979|1 year ago
phone8675309|1 year ago
azinman2|1 year ago
I’m not sure why technology is the “solution” to an alternative… people seem to just want good content delivered well. Content creators want to make as much money as possible. And that’s for “honest” content… the internet is filled with disinformation and people trying to spread conspiracies, recruit for X, or otherwise mass influence the entire population.
How a decentralized Bitcoin based model magically get us amazing content, something people want to use, and minimization of negative forces? Why is technology the key issue?