LadyA on Nostr: Bitcoin (and crypto) are a pure free market in action. A textbook example in many ...
Bitcoin (and crypto) are a pure free market in action. A textbook example in many ways.
Natural competition emerges between companies in different industries - from wallets and exchanges to merch and local beef.
Scammers with false marketing having social recourse from the market at large.
A trend towards a natural monopoly due to 1st mover advantage, network effects, superior use case and quality.
Real financial consequences for bad market decisions by consumers and producers (i.e. the scammers and the collapsed casions).
Not to mention Bitcoin's own internal checks and balances to form consensus.
And of course the deeper layer of freedom embeded in Bitcoin that separate Money & State, and we haven't seen what a free market built on those fundamentals looks like before this.
We're slowly making our way to the S/D price equilibrium and I hope this amazing experiment never ends, but becomes the norm.
Natural competition emerges between companies in different industries - from wallets and exchanges to merch and local beef.
Scammers with false marketing having social recourse from the market at large.
A trend towards a natural monopoly due to 1st mover advantage, network effects, superior use case and quality.
Real financial consequences for bad market decisions by consumers and producers (i.e. the scammers and the collapsed casions).
Not to mention Bitcoin's own internal checks and balances to form consensus.
And of course the deeper layer of freedom embeded in Bitcoin that separate Money & State, and we haven't seen what a free market built on those fundamentals looks like before this.
We're slowly making our way to the S/D price equilibrium and I hope this amazing experiment never ends, but becomes the norm.