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Topic: David Friedman and Bitcoin - page 4. (Read 8013 times)

legendary
Activity: 1078
Merit: 1003
January 24, 2013, 06:28:55 PM
#8
Bitcoin and unregulated financial markets just leads to massive scamming.

There is no such thing as an unregulated market. At the very least a market is always regulated by it's consumption and all a free market is is strictly just that, without any monopoly on violence meddling.
member
Activity: 112
Merit: 16
January 24, 2013, 06:25:30 PM
#7
Bitcoin and unregulated financial markets just leads to massive scamming.

Unlike our heavily over-regulated fiat trash based financial markets.  Oh wait, S&L crisis, dotcom bubble/crash, housing bubble/crash, bond bubble/crash. 

And Madoff, plus MF Global and LIBOR, etc. etc. etc.

Can't you go be a blithering statist in some other thread?   Cheesy

Not really in anyone's defense here, but the housing bubble crash was caused due to a lack in regulation rather than over-regulation. A lot of people at a lot of banks and firms were doing things that should have never been allowed even if just viewed from a common sense perspective.

Not that I'm a bank lover, but I wouldn't give (at least) the housing bubble to the over-regulation side.
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
January 24, 2013, 06:14:05 PM
#6
Bitcoin and unregulated financial markets just leads to massive scamming.

Unlike our heavily over-regulated fiat trash based financial markets.  Oh wait, S&L crisis, dotcom bubble/crash, housing bubble/crash, bond bubble/crash. 

And Madoff, plus MF Global and LIBOR, etc. etc. etc.

Can't you go be a blithering statist in some other thread?   Cheesy
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
January 24, 2013, 06:10:26 PM
#5
Awesome!  DF is amazing, even if I don't think tiny isolated ancient Iceland is a good model for a global society with incomparably more people.

Bitcoin takes the machinery of freedom, and upgrades it to Star Trek.   Cool
full member
Activity: 238
Merit: 100
January 24, 2013, 06:08:30 PM
#4
Bitcoin and unregulated financial markets just leads to massive scamming.
legendary
Activity: 1722
Merit: 1217
January 24, 2013, 06:02:25 PM
#3
before reading the machinery of freedom i was a minarchist after reading it i was a full blown anarchist.
legendary
Activity: 1227
Merit: 1000
January 24, 2013, 05:59:00 PM
#2
His father Milton was one of the first to envision a mathematical "monetary rule" which would make central bankers unnecessary. ...and of course his son Patri Friedman is the founder of the Seasteading Institute.

His book (written 40 years ago) also has a an entire chapter called "The Market for Money" in which he advocates for private currencies.
legendary
Activity: 1227
Merit: 1000
January 24, 2013, 05:56:50 PM
#1
Ancap guru and author of "The Machinery of Freedom" David Friedman and Bitcoin

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