Why hold BTC in the renting era?

Source: Liu Jiaolian

BTC continued to fall overnight, breaking 94k.

Yesterday, Jiaolian talked about the new paradigm of human production and life in the future.

In Jiaolian's view, as AI empowers human production, productivity will explode. Within ten years, an independent individual, with the full empowerment of AI, can create an annual production capacity equivalent to 100 million today, which may be entirely possible.

Once the level of productivity has such a leap, today's backward production relations, that is, capitalist production relations, will gradually disintegrate.

In short, capitalist production relations are that you are responsible for production and the company (the embodiment of capital) is responsible for distribution. You create 100 million for the company, the company pays you a salary plus a bonus of 1 million, and the remaining 99 million belongs to the company. The numbers are for illustration only.

In other words, when the surplus value that a person can create far exceeds the price level that capital can pay to its labor force, workers may no longer be willing to endure capital-dominated distribution.

If the worker himself can seize the right of distribution from the capital, then the surplus value of the 100 million he created after deducting various expenses will all belong to the worker himself.

Some people say that the company provides the workers with the means of production!

What means of production? Is it the office space, work computer, broadband network and coffee machine?

A person who is capable of creating 100 million, can't afford to rent an office, buy a computer, charge broadband network, or drink coffee?

Some people say that large equipment in large manufacturing factories always needs the means of production provided by the company, right?

Yes. But why can the way of "providing" only be that the company hires workers, and not that individuals rent these equipment provided by many basic manufacturing facility providers to complete production?

Of course, this still requires the manufacturing industry to continue to evolve, and all the back-ends must be standardized, AI-robotized, and open interfaces.

As an individual, I can directly choose the services of these large-scale basic manufacturing facility providers online, place orders remotely, and it will automatically help me complete the process from purchasing raw materials to finished product processing and even terminal logistics distribution, and directly deliver them to my customers.

Just like today's cloud computing. Jiaolian does not need to worry about computer room planning, server hardware procurement, broadband network maintenance, water, electricity, fire protection and all the tedious affairs of the physical world. Just a few clicks online and a few hundred or thousand yuan can easily create a cloud host, run a website, and provide exclusive services to member friends.

So, imagine if Jiaolian now wants to produce some blockchain mobile phones with built-in secure encryption chips to store private key mnemonics. Is it possible to be as convenient as buying a cloud host? Directly find several manufacturing service providers online, without lengthy commercial negotiations and bargaining, but directly with AI assistance and standardized module combination, a product design that meets the concept can be assembled in a few hours, orders are placed online, and production requirements are directly sent to the back end. The AI-driven full robot industry chain is manufactured and quality inspected within the scheduled construction period, and seamlessly connected to the logistics express company according to the consignee list submitted by Jiaolian, and delivered directly to the designated customers?

For the intelligent upgrading of China's manufacturing industry, Jiaolian believes that it is necessary to do the above.

On that day, human workers only need to sit in front of the computer to make demands. After deducting various production costs such as manufacturing and logistics, the remaining profits will all belong to the workers; instead of going to the manufacturer's factory to screw screws and earn the little wages under the employment system.

The speed at which this day comes is likely to be far beyond people's imagination.

The workers who take the remaining profits under this new production relationship are not the capitalists who take the remaining profits under the old capitalist production relationship.

This worker is still a proletarian. Because the definition of the proletariat is not to own the means of production, not to own private property. This worker does not own any means of production from beginning to end.

All the means of production used by workers in production are rented.

When workers dominate the distribution of value, it is no longer like today, where countless job seekers are fighting for a high-paying employment opportunity, but a number of owners of the means of production (bosses/companies) are fighting for the production orders placed by workers.

Just like today, Jiaolian compares prices among multiple cloud computing companies. Whoever has a high cost-effectiveness and good service will rent the cloud host to use.

The important thing the government has to do is to strictly fight against monopolies and prevent these lessors of the means of production from engaging in trusts and uniting to seize the sovereignty of workers.

Jiaolian feels that the sovereignty of workers is 10,000 times better than the "consumer sovereignty" under today's capitalist ideology.

Do capitalists really care about consumer sovereignty? What they care about is actually their representative status of claiming to represent consumer sovereignty.

Think about why some bosses you met in your career who knew nothing had to insist that he was the one who understood user needs the most during the company's product conference?

What he actually meant was that although your position is product manager and you are professional in product development, you must follow his ideas.

Why? Because he represents "consumer sovereignty".

If this right of representation is stolen by you, a wage earner, then his authority and even status as a boss will be lost. At least, he may think so in his heart.

His IQ may not be low. But his class status determines his cognition. It is commonly known as the butt determines the head.

So are the products made in this way really what consumers need?

What is more confusing is that the platform in the web2 era exploits workers in the name of consumers.

A typical example is the life of a takeaway worker trapped in an algorithm, which was hotly discussed a few years ago.

Why do platforms have the right to unilaterally modify the rules and force deliverymen to continue to increase their intensity? Isn’t the banner they are using consumer satisfaction?

This is using the internal contradictions between the people to cover up the class contradictions between the people and the platform.

What the government needs to do may be to promote democracy in platform-based production relations.

When the food delivery platform optimizes the algorithm, it must hold a general meeting attended by deliverymen and user representatives to make democratic decisions.

When the taxi platform improves its products, it must invite the majority of driver representatives and user representatives to conduct democratic discussions.

When the short video platform modifies the recommendation rules, it must be democratically discussed by content producers and user representatives.

And so on.

The election of representatives, the convening of the general meeting, and the democratic decision-making procedures must be carried out under government supervision and be open and transparent to the whole society and subject to supervision by the whole society.

But this is just a patch.

In essence, the relationship between the deliveryman and the delivery platform is a poor employment relationship without employment benefits and labor security.

This is the trick for the web2 platform to obtain excess profits: distribute the value created by your labor without bearing any employment costs (such as five social insurances and one housing fund, various welfare benefits of formal employees, etc.).

Obviously, the deliveryman is not the tenant of the food delivery platform, the driver is not the tenant of the taxi platform, and the content producer may not be the tenant of the short video platform.

Otherwise, if they are the tenants of the platform, then they are the "customers" of the platform. According to any sense of "consumer sovereignty", the platform should treat them as God providers. "Consumers are God"!

In reality, they are more like slaves of the platform, not God of the platform.

The root cause is that individual workers, as a small labor capital, have no bargaining power when facing giant capital such as the platform. When the big fish eats the small fish, there is no need to discuss with the small fish.

Individual workers need a strong asset to empower themselves, so as to avoid being swallowed up by giant capital.

The value-added rate of this strong asset can always surpass the growth rate of all giant capital in the world in the long run.

Only in this way can individual workers always gain an advantageous position in the game when paying rent (whether in the form of explicit usage fees or implicit so-called profit sharing).

Because the growth rate of this asset can always surpass the growth rate of rents of all means of production and living.

So, for individuals, it is better to rent than to buy. It is better to rent than to own.

When the consensus that this strong asset can enable individuals to gain an advantageous position in the game gradually spreads around the world and is known and practiced by hundreds of millions of workers and proletarians who do not own means of production, the great union of workers around the world will be realized.

So, we can only hold this strongest asset and rent everything else. Because the growth of all other rents will never catch up with the growth rate of this strongest asset.

This will be the wisest plan financially.

So, hold BTC during the rental period.