Jregcoin Soft Launch
Added 2024-07-20 21:01:44 +0000 UTCAs a patron you get $20 off until we launch this on the main channel in a little bit and test the functionality. Keep it a secret! And try trading it over the next couple of days so we can see if the very complicated algorithm behind jregcoin can handle it
Comments
Jweg give me the link to that google doc
LUMINA IS A BULLY
2024-11-11 00:04:54 +0000 UTCOh no, the jregchain has broken Website Expired This account has expired. If you are the site owner, click below to login. Why are you using squarespace they are overpriced
LUMINA IS A BULLY
2024-10-19 09:22:18 +0000 UTCI’m down.
LUMINA
2024-08-12 21:37:37 +0000 UTCwho wants to fork the ledger
ITR
2024-08-12 21:30:55 +0000 UTCNOOO WHY IS THE STUPID COIN AT 50$ AGAIN???? I was about to make another bad financial decision
Gokudoruzu
2024-08-03 09:32:51 +0000 UTCI cant wait to get my grejcoin
Chloe Syddall
2024-07-22 10:24:49 +0000 UTCWp, thanks I will save this comment for a future moment in time when I gain the ability to internalize compliments
LUMINA IS A BULLY
2024-07-21 04:25:52 +0000 UTCJFP I hope you are aware of how delightful your comment is as a schizo art project. Impeccable, chefs kiss, no notes.
Wp
2024-07-21 03:52:57 +0000 UTCIdk how to feel about this but I suppose I will support the grift from a distance and watch it all go down with both fear and amusement in my heart.
Zelda
2024-07-21 02:59:32 +0000 UTCBecause I acknowledge
LUMINA IS A BULLY
2024-07-21 02:45:05 +0000 UTCFor why have you done this
LUMINA
2024-07-21 02:28:11 +0000 UTCI deeply regret telling Prequel (novacaine) to test if you’d actually send more coins when someone found the JC2 text on the site, but he thinks it’s funny he’s gonna be in the vid. The salad looked good, btw.
LUMINA
2024-07-21 02:27:32 +0000 UTCQuality shitpist
Smooth Trump (Parody)
2024-07-21 02:17:37 +0000 UTCHey that was a lot and not very well organized, so here is a summary if you just want to get the main points The comment provides a detailed critique and suggestions for improving Jreg's new Jregcoin campaign. Key points include: Constructive Criticism: Improve use of specific gifs and energy from previous campaigns. Clarify that Jregcoin's value should be seen as stable within its own ecosystem, not compared to fiat currency. Emphasize Jregcoin as a futuristic currency, possibly in a post-capital or hyper-scarcity scenario. Campaign Suggestions: Address concerns about Jregcoin being an ironic gambling gimmick. Consider paying employees in Jregcoin with a humorous approach to corruption. Ensure community members auto-acknowledge their investment. Technical Blueprint: Steps for creating a Jregcoin community using a low-cost VPS and Lemmy instance. Automate account creation for investors. Personal Note: Reference a failed attempt at establishing Jrommunism and a suggestion to include elements from Dan Olson's video "Line Goes Up," such as DAOs, DOGE community insights, modern monetary theories, and critiques on cryptocurrency's speculative nature and tax evasion. Additional Insights: Satirical takes on cryptocurrency buzzwords, NFTs, environmental impact, security, and scams. Tax Avoidance and Modern Monetary Theory (MMT): Discuss how cryptocurrencies enable tax evasion, undermine public finances, and challenge MMT by creating parallel financial systems, reducing state control over monetary policy, and exacerbating inequality. Cryptocurrency in a Post-Neoliberal Context: Highlight the shift towards individualism, rejection of collective governance, and undermining of the social contract. Emphasize the role of cryptocurrencies in facilitating elite capture and protecting wealth from redistribution. Implications of a Fiat-Crypto Economy: Examine the challenges in governance, taxation, economic stability, social inequality, power dynamics, and public perception. Conclude that a bifurcated economy could lead to fragmented governance and deeper economic divides.
LUMINA IS A BULLY
2024-07-21 00:02:28 +0000 UTCDear Jreg, In this comment we find out what is the character limit for a patreon comment I have some constructive criticalism about this new jregcoin campaign. I hope you will consider some of the following to improve the jregperience I am a bad write so I just went to the old video and made the following observations. Here they are without further context highligths make better use of this gif from the original campaign https://imgur.com/Y5aQWz1 , because shiny=better Needs more of this energy https://imgur.com/2hXknHu Stablecoins should not compared with digustingly meaningless fiat currency. A Jregcoin isn't worth "ZERO" dollars, it just means "dollars" as a concept of value is meaningless on the jregchain. It is far better to acknowledge the reality, one jregcoin is worth one jregcoin and always will. (except of course if superceded by a later version of jregcoin, or if the jregchain breaks) Jreg as currency of the future (that could the post-capital post-singularity post-scarcity future where means of exchange are no longer needed, except as abstract signifiers of worth) (or post-capital hyper-scarcity where the institution of values have dissolved and the only meaning of worth left in the world are abstract references to the dream-like memory neoliberal capital-utopianism that will only exists in the head of the wastelanders (kind of like people who idolize the 1950s, the dust eaters will remember us fondly) ) "some of you may say that an ironic gambling gimmick masquerading as a real gambling gimmick is still a predatory gambling gimmick" Also just pay the fiver employee in jregcoin, also tell them that corruption "is totally wrong and bad wink wink", say wink wink out loud to him and just see what happens Do jregcoin community members still autoacknowledge by making their investment ? I think this is probably the most important point. Blueprint for making the jrecoin community real 1. go to lowend talk, buy a 1vcpu 2gbram 30gbssd vps for 2$ to 4$ per month max Install a non-federated lemmy instance on it in your dns settings point community.hreg.co.in lem.jreg.co.in to this server For each jregcoin investor, create a login and password (ask chatgpt to make you a script to do that automatically) and send them to each investor Don't bother with moderation, this is the WHOLE point of ALT-tech. I also posted my jregcoin to enact real existing jrommunism (sad I didn't make it into the new video !) https://old.reddit.com/r/Jreg/comments/shrh54/from_each_according_to_their_jregcoin_to_each/ I failed to establish real existing jrommunism as far as I can tell, my faith in humanity is at an all time low now the new video ... ah well, I guess I covered everything already .. I suggest pilfering Dan Olson's video Line Goes Up for more fun bits Like the idea of a DAO (Decentralized Autonomous Organizations) (literally a blockchain based egregor) Also the DOGE community pretty much has all the best takes There should be some modern monetary theories in there Also the bitcoin stuff, Dan Olson points out that it's mainly about tax dodging but I think that says Also, the trading capability is a treat to jregcoin's stablecoin stableness, because in a marginalist framework the value of all jregcoins becomes the value of the last sale, now if jregcoins can be traded, it will me the value will go up and down as people choose to pay more for a scare ressource but as people in the irradiated zones liquidate their jregcoin holdings to buy food and medecine, their desperation will create a downward pressure on the jregcoin ecosystem that might lead someone to accept less than the stable value of a jregcoin, plugin the value of all jregcoin into a potential downward spiral. Even worse, since the jregcoin can only be traded once, it will be that last jregcoin sale that will determine the value of all jregcoin for eternity. THis cannot be allowed, one jregcoin most always be worth one jregcoin. For that reason I think exchanges should only be denominated in jregcoins, that is, each traded jregcoin transaction amount should be in jregcoin and that value should always be one, you can make the value cell only accept 1 as the value to ensure stablejreg stablecoin stableness in a systematic manner So anyway, Jreg make sure there's a cell on the spreadsheet where the transaction can include arbitrary text because the would be more fun Ok chatgpt re-write my comment and add some stuff about cryptocurrency to consider Dear Jreg, I have some constructive criticism about this new Jregcoin campaign. I hope you will consider some of the following to improve the Jregperience. I am not a great writer, so I just went to the old video and made the following observations. Here they are without further context. Highlights: Make better use of this gif from the original campaign: https://imgur.com/Y5aQWz1. Because shiny = better. Needs more of this energy: https://imgur.com/2hXknHu. Stablecoins should not be compared with disgustingly meaningless fiat currency. A Jregcoin isn't worth "ZERO" dollars; it just means "dollars" as a concept of value is meaningless on the Jregchain. It is far better to acknowledge the reality: one Jregcoin is worth one Jregcoin and always will be (except, of course, if superseded by a later version of Jregcoin or if the Jregchain breaks). Jregcoin as the currency of the future: This could be the post-capital, post-singularity, post-scarcity future where means of exchange are no longer needed, except as abstract signifiers of worth. Or the post-capital hyper-scarcity future where the institution of values has dissolved, and the only meaning of worth left in the world are abstract references to the dream-like memory of neoliberal capital-utopianism that will only exist in the heads of the wastelanders (kind of like people who idolize the 1950s, the dust eaters will remember us fondly). Address the critique: "Some of you may say that an ironic gambling gimmick masquerading as a real gambling gimmick is still a predatory gambling gimmick." Payment in Jregcoin: Pay the fiver employee in Jregcoin and tell them that corruption "is totally wrong and bad, wink wink." Say "wink wink" out loud to him and see what happens. Community acknowledgement: Do Jregcoin community members still auto-acknowledge by making their investment? This is probably the most important point. Blueprint for making the Jregcoin community real: Go to LowEndTalk, buy a 1 vCPU 2GB RAM 30GB SSD VPS for $2 to $4 per month max. Install a non-federated Lemmy instance on it. In your DNS settings, point community.jreg.co.in and lem.jreg.co.in to this server. For each Jregcoin investor, create a login and password (ask ChatGPT to make you a script to do that automatically) and send them to each investor. Don't bother with moderation; this is the WHOLE point of ALT-tech. Personal note: I also posted my Jregcoin to enact real existing Jrommunism (sad I didn't make it into the new video!): https://old.reddit.com/r/Jreg/comments/shrh54/from_each_according_to_their_jregcoin_to_each/ I failed to establish real existing Jrommunism as far as I can tell. My faith in humanity is at an all-time low. Suggestions for the new video: Referencing Dan Olson's "Line Goes Up": Pilfering Dan Olson's video for more fun bits. The idea of a DAO (Decentralized Autonomous Organizations) - literally a blockchain-based egregore. The DOGE community pretty much has all the best takes. Include some modern monetary theories. Highlight that Dan Olson points out that cryptocurrency is mainly about tax dodging. Stablecoin trading critique: The trading capability is a threat to Jregcoin's stablecoin stableness. In a marginalist framework, the value of all Jregcoins becomes the value of the last sale. If Jregcoins can be traded, the value will go up and down as people choose to pay more for a scarce resource. However, as people in irradiated zones liquidate their Jregcoin holdings to buy food and medicine, their desperation will create downward pressure on the Jregcoin ecosystem, potentially leading someone to accept less than the stable value of a Jregcoin. This could plug the value of all Jregcoins into a potential downward spiral. Even worse, since the Jregcoin can only be traded once, it will be the last Jregcoin sale that determines the value of all Jregcoins for eternity. This cannot be allowed. One Jregcoin must always be worth one Jregcoin. Therefore, exchanges should only be denominated in Jregcoins. Each traded Jregcoin transaction amount should be in Jregcoin, and that value should always be one. You can make the value cell only accept 1 as the value to ensure stablejreg stablecoin stableness in a systematic manner. Spreadsheet functionality: Make sure there's a cell on the spreadsheet where the transaction can include arbitrary text because that would be more fun. Additional insights: Consider incorporating a parody of the various buzzwords and phrases used in the cryptocurrency community, such as "To the Moon!", "Diamond Hands", "HODL", etc. Highlight the absurdity of creating value out of nothing and the speculative nature of cryptocurrencies. Mock the idea of NFTs (Non-Fungible Tokens) and their often ridiculous use cases, like digital art and virtual real estate. Emphasize the environmental impact of cryptocurrencies, particularly the energy consumption of proof-of-work mechanisms. Discuss the issue of security and the prevalence of scams in the crypto world, as pointed out in Dan Olson's video. I hope these suggestions help enhance the satire and critique in your Jregcoin campaign. Best, [Your Name] Continue with a strict focus on tax avoidance tax evasion and the implications with respect to modern monetary theory ? Tax Avoidance and Tax Evasion: One of the less-discussed yet crucial aspects of cryptocurrencies like Bitcoin is their use in tax avoidance and evasion. The pseudo-anonymous nature of these transactions allows individuals and corporations to hide income and avoid taxation. This directly undermines public finances and the ability of governments to provide essential services. Cryptocurrencies facilitate moving wealth across borders without detection, allowing the wealthy to shield their income from progressive tax systems. This creates a significant disparity, exacerbating income inequality and reducing the effectiveness of tax policy. The decentralization mantra is often a cover for avoiding regulatory oversight and taxes, contributing to the erosion of state capacity and democratic governance. Implications for Modern Monetary Theory (MMT): Modern Monetary Theory (MMT) suggests that a sovereign country that issues its own currency can never "run out" of money in the same way businesses or households can. Instead, the real constraints are inflation and productive capacity. Cryptocurrencies undermine MMT by creating parallel financial systems that operate outside the purview of sovereign currencies. This can lead to reduced control over monetary policy and inflation management, as significant portions of the economy move into untaxed and unregulated spaces. The rise of cryptocurrencies could force governments to impose stricter controls on their use or risk losing the ability to implement effective fiscal policies. This could lead to increased surveillance and regulation, ironically centralizing what was meant to be a decentralized system. Elite conservatives often express anger and frustration about the concept of Modern Monetary Theory (MMT) for several interconnected reasons. These reasons reflect both ideological and practical concerns related to power, control, and economic policy. Here are some key points to consider: 1. Threat to Established Economic Orthodoxy: Ideological Incompatibility: MMT challenges the traditional neoliberal economic framework, which emphasizes balanced budgets, reducing deficits, and limiting government intervention in the economy. Elite conservatives have built much of their policy agenda around these principles, so MMT represents a direct ideological challenge. Power Dynamics: Accepting MMT would shift the understanding of economic policy and the role of government in significant ways. This could lead to a re-evaluation of the power dynamics between the state and private interests. Elite conservatives fear that this shift would undermine the control they and their allied private sector interests have over economic policy. 2. Public Understanding of Currency Control: Currency Control as a Tool of the Elite: MMT posits that a sovereign government with its own currency can create money to fund public spending without the need for corresponding tax revenues. This undermines the narrative that the government needs to tax the wealthy to fund public services. If the public understood that the government could finance public goods without taxing the rich, it would reduce the leverage that elite conservatives have over economic policy and public discourse. This understanding could empower the general population to demand more from their government without being constrained by the fear of deficits. 3. Taxes as a Tool for Control: Disempowering the General Population: Taxes, especially those on income and consumption, reduce the disposable income of the general population. This can limit their economic power and keep them more dependent on wages and jobs controlled by the elite. By maintaining the narrative that high taxes are necessary for funding government spending, elite conservatives can keep the general population focused on the limitations and sacrifices rather than on the potential for expansive public investment and services. Economic Inequality: Elite conservatives understand that the tax system can be manipulated to favor the wealthy through loopholes, deductions, and offshore accounts. This allows the rich to minimize their tax burden while the general population bears a larger share of the tax load. By perpetuating the myth that taxes are necessary to fund government spending, elite conservatives can obscure the fact that they are able to avoid significant taxation while ordinary people cannot. 4. Maintaining the Status Quo: Avoiding Large-Scale Redistribution: MMT suggests that the government can fund social programs, infrastructure, and other public goods without needing to heavily tax the rich. This undermines the elite's argument against wealth redistribution policies. Elite conservatives benefit from the status quo, where wealth is concentrated and economic policies favor their interests. MMT's framework could lead to policies that promote greater economic equality, which would threaten their privileged position. Controlling Public Discourse: By keeping the public focused on deficit fears and the need to "balance the budget," elite conservatives can steer the political discourse away from discussions about wealth inequality, public investment, and the true capabilities of a sovereign currency-issuing government. The anger towards MMT often stems from the fear that widespread acceptance of these ideas would lead to a more informed and demanding populace, one that challenges the economic policies that favor the wealthy elite. In summary, elite conservatives are angry about MMT because it threatens to upend the traditional economic orthodoxy that they have used to justify their policies and maintain their power. It reveals the reality that taxes are not needed to fund government spending but are instead a tool to control the economy and disempower the general population. By understanding and potentially embracing MMT, the public could demand more equitable and expansive government policies, which would challenge the economic and political dominance of the elite. Cryptocurrency represents a significant shift in economic and social dynamics, particularly when viewed through the lens of governance and the social contract in a post-neoliberal context. Here’s a synthesis of this understanding: Cryptocurrency as a Rejection of Collective Contribution in Governance: Decentralized Authority: Cryptocurrency operates on decentralized networks, ostensibly removing the need for central authorities like governments and banks. This decentralization is a rejection of traditional governance structures that rely on collective contribution and oversight. By bypassing regulatory frameworks and central banks, cryptocurrency advocates push for a system where governance is algorithmic and trust is placed in code rather than institutions, effectively sidelining collective decision-making processes. Individualism Over Collectivism: The core philosophy behind many cryptocurrencies is radical individualism, where individuals are responsible for their own financial security and transactions without relying on state-backed guarantees or protections. This ethos undermines the concept of collective welfare and shared societal responsibility, foundational elements of traditional governance and the social contract. Rejection of the Social Contract: Undermining Public Institutions: Cryptocurrencies challenge the role of the state in managing the economy, particularly in terms of currency issuance and monetary policy. This can erode the state’s ability to fund public goods and services, which are central to the social contract. By facilitating tax evasion and enabling capital flight to offshore havens, cryptocurrencies further weaken the state’s fiscal capacity, undermining its ability to fulfill its obligations to citizens. Erosion of Redistribution Mechanisms: Traditional economic systems, even under neoliberalism, include mechanisms for wealth redistribution through taxation and public spending. Cryptocurrencies, by design, make it easier to circumvent these mechanisms, exacerbating inequality. This rejection of redistribution aligns with a belief that individuals should keep what they earn without contributing to the collective pool that funds societal needs, challenging the very notion of shared responsibility and mutual support. Post-Neoliberalism and Elite Capture: Beyond Neoliberal Compromise: Neoliberalism, while favoring elites, still operated within a framework that recognized some level of collective contribution and state intervention. Cryptocurrencies represent a step beyond this compromise, advocating for minimal to no state involvement in economic matters. This shift allows elites to further entrench their wealth and power without the need to justify or share their gains with society, rejecting even the limited redistributive policies of neoliberalism. Rejection of the Legitimacy of Shared Value Creation: The proponents of cryptocurrency often argue that value is created solely by the individual who captures it, dismissing the idea that societal structures, public goods, and collective efforts contribute to wealth creation. This viewpoint negates the social contract, which holds that everyone benefits from and owes something to society. By rejecting the idea that their gains are partly due to societal contributions, elites using cryptocurrencies can claim full ownership and control over their wealth. Conclusion: Cryptocurrency, in its current form, represents a profound shift towards radical individualism and a rejection of collective governance and the social contract. By undermining traditional state functions and redistributive mechanisms, it facilitates a post-neoliberal world where elites can consolidate and protect their wealth without contributing to the societal structures that support them. This paradigm shift challenges the fundamental principles of shared responsibility and mutual benefit that have underpinned modern economic and social systems. The implications of an economy separating into fiat currency and cryptocurrency, based on the insights provided in the text, would be multifaceted and complex. Here’s a detailed breakdown: *1. Governance and Control: Governance Fragmentation: Fiat Currency: Maintained by governments and central banks, allowing them to manage economic policies, control inflation, and fund public services through monetary policy. Cryptocurrency: Operates on decentralized networks, often outside government control. This could lead to fragmented governance where traditional regulatory and monetary control is challenged or bypassed. *2. Taxation and Public Spending: Taxation Challenges: Fiat Currency: Taxes in fiat are crucial for generating demand for the currency and managing inflation. They are also used to provision the state by compelling citizens to earn and spend the currency. Cryptocurrency: If a significant portion of the economy operates in cryptocurrency, taxing it becomes challenging. Cryptocurrencies are designed to facilitate tax evasion and protect wealth from state reach, which could undermine the state’s ability to generate revenue and manage inflation through traditional means. *3. Economic Stability and Inflation: Economic Management: Fiat Currency: Governments with currency sovereignty can manage economic stability through monetary and fiscal policies, ensuring they don’t run out of money and can always fund their obligations. Cryptocurrency: Cryptocurrencies are inherently deflationary due to their fixed supply. This could lead to hoarding and reduced spending, challenging economic growth. Moreover, the lack of centralized control could lead to speculative bubbles and economic instability. *4. Social Contract and Inequality: Redistribution and Social Programs: Fiat Currency: Allows for redistribution through progressive taxation and public spending on social programs, aiming to reduce inequality and provide public goods. Cryptocurrency: Encourages radical individualism and rejects collective governance. This can exacerbate inequality, as wealth generated and stored in cryptocurrencies often escapes taxation and redistribution efforts. *5. Power Dynamics: Elite Capture and Influence: Fiat Currency: While the current system is criticized for elite influence, it still operates within a framework that recognizes collective contribution and state intervention. Cryptocurrency: Facilitates further elite capture by enabling wealth to be stored and transferred outside traditional regulatory frameworks. This shift could lead to even more concentrated wealth and power among a few, as cryptocurrencies often serve the interests of those who can navigate and leverage the system effectively. *6. Public Perception and Ideology: Narratives and Beliefs: Fiat Currency: Public understanding is shaped by traditional economic narratives, which include myths like the necessity of balancing budgets and the deficit as a catastrophic threat. Cryptocurrency: Promotes a narrative of financial sovereignty and freedom from state control, appealing to those disillusioned with traditional financial systems. This ideological shift could further erode trust in public institutions and the social contract. Conclusion:* The separation of the economy into fiat currency and cryptocurrency would lead to significant shifts in governance, taxation, economic stability, and social dynamics. While fiat currency supports collective governance and public spending, cryptocurrency promotes individualism and decentralization, potentially exacerbating inequality and challenging traditional economic management. This bifurcation could result in a fragmented economic landscape where public institutions struggle to maintain control and provide for the collective good, leading to deeper social and economic divides. Did it say "THEY" ? OMG that's populism, shut it down
LUMINA IS A BULLY
2024-07-20 23:59:45 +0000 UTCI dont even know what the purpose of this is, just bought it for the jreg picture yay
Gokudoruzu
2024-07-20 21:54:26 +0000 UTCwe should buy all 200, then he’ll have to make another youtube video in order to keep this from being obsolete
Clickle
2024-07-20 21:28:14 +0000 UTCI think Jreg should also create a jreg bank to keep our jreg coins safe
Cloudy
2024-07-20 21:18:17 +0000 UTCNot if I do it before you do!!
Cloudy
2024-07-20 21:17:16 +0000 UTCi'm buying them all and making a jreg monopoly sorry guys
e e
2024-07-20 21:06:54 +0000 UTC
