Topic: The economics of free things. (Read 331 times)
I think you just have answered your question if this ICO developers want to increase their market they can create some airdrops in which will make a lot of people be interested in joining one. The ones who are greatly benefiting from giving away free things are the ones who are donating and not the receiver. Giving away free samples of your product is always a marketing tool done mostly by small market companies or new entrants to the competition, in tern they can successfully penetrate the market as effectively as promoting their product through advertisement.
Free thing for sale the country's economy, plenty of damage will. People of the country any thing to interest will not.
There is, and has been, a misconception about the economics of free things for a long while now, this movement or ideology started from the premise of government hand-outs to the least economically developed citizens. When we do talk about the economics of free things(which is rarely) we usually associate it with the idea that it involves a regulatory central agency distributing the wealth amongst its people. However when it come to the free market this type of leniency is not available at all. Day to day people don't have access to stocks or derivative markets for example, and that helps to increase the gap between the rich and the poor(which in turn requires the intervention of the aforementioned central authority).
New technologies however provide an opportunity for this gap to be closed. When a technology is in its infancy the interest for its development and widespread adoption from the creators is big enough to try and exchange portions of the value of their product for market depth. Put in other words and in regards to token economics, ICO's are so desperate for the widespread use and adoption of their product that they will literally give away portions of the participation of their product, in the form of tokens, in exchange for network effects and market depth. We now have an interesting concept formed from this: airdrops and the difficulty that this companies are going to have to achieve their desired market depth.
Lol, free things? Who doesn’t love free things? Except if they are not good… But if they are good then go for it. But what kind of technology are you referring to exactly? Is it Bitcoin? I think you guys should stop referring to Bitcoin as a free money, cause you’re distracting people. Lots of people get into Bitcoin with hopes making free money and end up being disappointed at last. So it is not free money. Of course I know about Faucets that are given out free money to people, but you and I know that it is worth nothing at all, cause by the end of the month you will not get more than a $1. So it’s no free money😔New technologies however provide an opportunity for this gap to be closed. When a technology is in its infancy the interest for its development and widespread adoption from the creators is big enough to try and exchange portions of the value of their product for market depth. Put in other words and in regards to token economics, ICO's are so desperate for the widespread use and adoption of their product that they will literally give away portions of the participation of their product, in the form of tokens, in exchange for network effects and market depth. We now have an interesting concept formed from this: airdrops and the difficulty that this companies are going to have to achieve their desired market depth.
The question then is:
How could some profit from the economy of free things, and what would the reaction to this opportunity, by the general public, be?
How could some profit from the economy of free things, and what would the reaction to this opportunity, by the general public, be?
I guess that giveaway is something that is good only as an "side thing", it could bring you some good money only in long runs, but its not something that could change economic situation of common people.
The idea behind economy of free things is targeted at the less privileged in the society - least economically developed. So the general public need to be properly enlightened that these items are specifically for a certain class of people within the society and not for the generality of the public. The basic essence is to help balance the society and reduce nuisance/destitute as much as possible.
There is, and has been, a misconception about the economics of free things for a long while now, this movement or ideology started from the premise of government hand-outs to the least economically developed citizens. When we do talk about the economics of free things(which is rarely) we usually associate it with the idea that it involves a regulatory central agency distributing the wealth amongst its people. However when it come to the free market this type of leniency is not available at all. Day to day people don't have access to stocks or derivative markets for example, and that helps to increase the gap between the rich and the poor(which in turn requires the intervention of the aforementioned central authority).
New technologies however provide an opportunity for this gap to be closed. When a technology is in its infancy the interest for its development and widespread adoption from the creators is big enough to try and exchange portions of the value of their product for market depth. Put in other words and in regards to token economics, ICO's are so desperate for the widespread use and adoption of their product that they will literally give away portions of the participation of their product, in the form of tokens, in exchange for network effects and market depth. We now have an interesting concept formed from this: airdrops and the difficulty that this companies are going to have to achieve their desired market depth.
Lol, free things? Who doesn’t love free things? Except if they are not good… But if they are good then go for it. But what kind of technology are you referring to exactly? Is it Bitcoin? I think you guys should stop referring to Bitcoin as a free money, cause you’re distracting people. Lots of people get into Bitcoin with hopes making free money and end up being disappointed at last. So it is not free money. Of course I know about Faucets that are given out free money to people, but you and I know that it is worth nothing at all, cause by the end of the month you will not get more than a $1. So it’s no free money😔 New technologies however provide an opportunity for this gap to be closed. When a technology is in its infancy the interest for its development and widespread adoption from the creators is big enough to try and exchange portions of the value of their product for market depth. Put in other words and in regards to token economics, ICO's are so desperate for the widespread use and adoption of their product that they will literally give away portions of the participation of their product, in the form of tokens, in exchange for network effects and market depth. We now have an interesting concept formed from this: airdrops and the difficulty that this companies are going to have to achieve their desired market depth.
The question then is:
How could some profit from the economy of free things, and what would the reaction to this opportunity, by the general public, be?
How could some profit from the economy of free things, and what would the reaction to this opportunity, by the general public, be?
The free things you say are the "giveaways", right? (Free tokens or free money).
It will worth only if the tokens you are accumulating have potential and get price on long term, then you can see some financial progress in your life, otherwise they will be just pennies.
Someone could make profit from these "free things" by collecting, storing them and waiting for the right time to sell them or to exchange them for goods. A good strategy would be to turn this profit into an investment, something that generates income for you. However talk is cheap, but on practice it can be very difficult to turn these "free things" into something really worthful and profitable.
About the general public: They would try doing the same thing after seeing a random success story of someone who made profit with "free things". And when many people start doing the same thing hoping the same results, the exactly opposite happens...
It will worth only if the tokens you are accumulating have potential and get price on long term, then you can see some financial progress in your life, otherwise they will be just pennies.
Someone could make profit from these "free things" by collecting, storing them and waiting for the right time to sell them or to exchange them for goods. A good strategy would be to turn this profit into an investment, something that generates income for you. However talk is cheap, but on practice it can be very difficult to turn these "free things" into something really worthful and profitable.
About the general public: They would try doing the same thing after seeing a random success story of someone who made profit with "free things". And when many people start doing the same thing hoping the same results, the exactly opposite happens...
Economy of free, sounds like communism, I believe, that the system that we are having right now in a world can became better with crypto
Communism requires a central gov't / state that would dole out rations and occupy private industry.
Nothing about the OP's statement eludes to that.
Economy of free, sounds like communism, I believe, that the system that we are having right now in a world can became better with crypto
the economy is nothing free, but work that does not require capital is work on a bounty campaign project, without our capital we will get token, which is important to work in bounty campaign really
hopefully the concept of a new concept that is on offer can change the economy and make it better than the original, I am very sure the free economic tendency that has been gradually increasingly replaced with new technologies that fit with the development of the current era
How can a free economy grow while it is still dependent on governments? It can not happen, electronic money can grow, can lead the market, but it can not replace cash, and can not change the economy.
There is, and has been, a misconception about the economics of free things for a long while now, this movement or ideology started from the premise of government hand-outs to the least economically developed citizens. When we do talk about the economics of free things(which is rarely) we usually associate it with the idea that it involves a regulatory central agency distributing the wealth amongst its people. However when it come to the free market this type of leniency is not available at all. Day to day people don't have access to stocks or derivative markets for example, and that helps to increase the gap between the rich and the poor(which in turn requires the intervention of the aforementioned central authority).
New technologies however provide an opportunity for this gap to be closed. When a technology is in its infancy the interest for its development and widespread adoption from the creators is big enough to try and exchange portions of the value of their product for market depth. Put in other words and in regards to token economics, ICO's are so desperate for the widespread use and adoption of their product that they will literally give away portions of the participation of their product, in the form of tokens, in exchange for network effects and market depth. We now have an interesting concept formed from this: airdrops and the difficulty that this companies are going to have to achieve their desired market depth.
New technologies however provide an opportunity for this gap to be closed. When a technology is in its infancy the interest for its development and widespread adoption from the creators is big enough to try and exchange portions of the value of their product for market depth. Put in other words and in regards to token economics, ICO's are so desperate for the widespread use and adoption of their product that they will literally give away portions of the participation of their product, in the form of tokens, in exchange for network effects and market depth. We now have an interesting concept formed from this: airdrops and the difficulty that this companies are going to have to achieve their desired market depth.
The question then is:
How could some profit from the economy of free things, and what would the reaction to this opportunity, by the general public, be?
How could some profit from the economy of free things, and what would the reaction to this opportunity, by the general public, be?
What you have painted is a situation of an ideal economy where people are expected to do things for the benefit of the society in other to bridge the gap between the rich and the poor based on how they deem it fit but one the issue of airdrop most times it does not work that as selfish people have infested that area of development in this economy where someone who does not have any plan whatsoever to develop and make the token worthwhile just seat behind the computer, create something then push it out to the populace. What happens next is for it to be pushed so that it can be listed after wish the developer cash out at the expense of other people.
Again, the reason why I won't subscribe to airdrops as solution to this is because the percentage of the amount intended to be distributed is just a fraction of the total amount which does not solve the problem the ideal situation sets to achieve but also to still make the rich richer and the poor, maybe a drop that does not change their situation one bit.
In the world where everything goes decentralized, hmmmmm, very interesting. Recently the era of cryptocurrency just emerged from no where and the boom is already at it's peak. it was like a joke when satoshi Nakamoto established the bitcoin project, the funnies part of this bitcoin project was that many people call it nonsense and now people who formerly regarded bitcoin as nonsense are seeing a lot of sense in it, and not just that millions of people are now Rich because of bitcoin. now after widely accepted as a means of currency exchange and payment that different companies started creating their own different coins and decentralized platforms. Really the crypto era has seen the greatest light and investment by many millionaire investors and the coin market caps has experienced a great investment volumes recording Billions of US Dollars. well this is an era that no one would want to miss, it is a fast moving train that would carry along every serious human. many who were not able to join initially have regretted missing such great opportunity, and now we see millions of people running to their laptotp and smart phones to login to their internet to do one thing or the other in the sphere of cryptocurrency. if you look around there are many thousands of people who has taken themselves as crypto hunters. this set of people are always online looking for every airdrop form to fill, and as well you can see the whales who are there making investment in one crypto project or the other. yes is true that the crypto era has transformed many lives and this is the more reason that everyday is a new project development. well many people are waking up from their sleep to be a part of this 21st century transformation. may i remind you that the different between your poor self and your wealthy friend is because your wealthy friend always take action for every opportunity he or she comes across and many a times invest as much as he or she can, but your poor self will keep on procrastinating and would always say later, let me tell you that time waits for no one, you have every time now to take the best action of your life and be like your wealthy friend. crypto is the era of the day and you can't afford to miss every opportunity in the crypto industry.
economy is not free, it takes a lot of money and a long time to create a stable economy. but in this case I do not find the connection between economy and bitcoin.
If you can't find connection between bitcoin and economy than you should look closer, or maybe you are just blind. When first ban of crypto in China happened, partially it was because crypto had affecting country's economy. There are many ways in which bitcoin and economy are connected. 
There is, and has been, a misconception about the economics of free things for a long while now, this movement or ideology started from the premise of government hand-outs to the least economically developed citizens. When we do talk about the economics of free things(which is rarely) we usually associate it with the idea that it involves a regulatory central agency distributing the wealth amongst its people. However when it come to the free market this type of leniency is not available at all. Day to day people don't have access to stocks or derivative markets for example, and that helps to increase the gap between the rich and the poor(which in turn requires the intervention of the aforementioned central authority).
New technologies however provide an opportunity for this gap to be closed. When a technology is in its infancy the interest for its development and widespread adoption from the creators is big enough to try and exchange portions of the value of their product for market depth. Put in other words and in regards to token economics, ICO's are so desperate for the widespread use and adoption of their product that they will literally give away portions of the participation of their product, in the form of tokens, in exchange for network effects and market depth. We now have an interesting concept formed from this: airdrops and the difficulty that this companies are going to have to achieve their desired market depth.
New technologies however provide an opportunity for this gap to be closed. When a technology is in its infancy the interest for its development and widespread adoption from the creators is big enough to try and exchange portions of the value of their product for market depth. Put in other words and in regards to token economics, ICO's are so desperate for the widespread use and adoption of their product that they will literally give away portions of the participation of their product, in the form of tokens, in exchange for network effects and market depth. We now have an interesting concept formed from this: airdrops and the difficulty that this companies are going to have to achieve their desired market depth.
The question then is:
How could some profit from the economy of free things, and what would the reaction to this opportunity, by the general public, be?
How could some profit from the economy of free things, and what would the reaction to this opportunity, by the general public, be?
What is the point in shrinking the gap between the rich and the poor, while in free market conditions all income levels get richer? Wealth is just a representation of how much good you produced for the others.
When you think about the economics, really, because of free things we are able to bridge the gap between the rich and the poor. In everything we do, we pay for things, especially for technology. We buy our phones, laptop, we pay for internet, and all other things. Who can afford to buy these but those who have money. With the advent of "free things" these are made affordable and available to most people. Free wifi gives access to internet to those who can't get their own internet at home. Free airdrops gives tokens to those who can't buy from icos.
There is, and has been, a misconception about the economics of free things for a long while now, this movement or ideology started from the premise of government hand-outs to the least economically developed citizens. When we do talk about the economics of free things(which is rarely) we usually associate it with the idea that it involves a regulatory central agency distributing the wealth amongst its people. However when it come to the free market this type of leniency is not available at all. Day to day people don't have access to stocks or derivative markets for example, and that helps to increase the gap between the rich and the poor(which in turn requires the intervention of the aforementioned central authority).
New technologies however provide an opportunity for this gap to be closed. When a technology is in its infancy the interest for its development and widespread adoption from the creators is big enough to try and exchange portions of the value of their product for market depth. Put in other words and in regards to token economics, ICO's are so desperate for the widespread use and adoption of their product that they will literally give away portions of the participation of their product, in the form of tokens, in exchange for network effects and market depth. We now have an interesting concept formed from this: airdrops and the difficulty that this companies are going to have to achieve their desired market depth.
New technologies however provide an opportunity for this gap to be closed. When a technology is in its infancy the interest for its development and widespread adoption from the creators is big enough to try and exchange portions of the value of their product for market depth. Put in other words and in regards to token economics, ICO's are so desperate for the widespread use and adoption of their product that they will literally give away portions of the participation of their product, in the form of tokens, in exchange for network effects and market depth. We now have an interesting concept formed from this: airdrops and the difficulty that this companies are going to have to achieve their desired market depth.
The question then is:
How could some profit from the economy of free things, and what would the reaction to this opportunity, by the general public, be?
How could some profit from the economy of free things, and what would the reaction to this opportunity, by the general public, be?
I guess one potential method of profit is invoked by the permaculture and off grid movement. At some point productivity and technology could advance to being able to support greater than subsistence level standards of living with a minimal effort. The cost of living and travel could decrease to a point where that value could be produced relatively for free, without a big sacrifice of time and effort in the form of work or having a job being necessary to support oneself or ones family.
An example might be the cost per watt of solar panels decreasing to a point where electricity becomes plentiful and cheap. The improvement of 3d printers and CNC manufacturing machines becoming low enough for people to produce their own products which could in turn decrease manufacturing costs to a point where goods become extremely affordable. Basically a reversal to the trend we've seen where wages have flatlined while the cost of food, energy, goods services, etc, have become inflated.
Also the trend of off grid living where people have strove to be more independent and self sufficient could reduce labor pools in job markets and have an eventual net effect of raising wages again, as employees have greater difficulty finding workers.
Of course, some of these things might not occur for centuries if they happen at all. But any type of positive trend which shows people the raw potential for improvement or what avenues might lead to better living standards could go a long way given how many have lost hope in existing institutions and leaders to provide for them.
economy is not free, it takes a lot of money and a long time to create a stable economy. but in this case I do not find the connection between economy and bitcoin.
the economy is a very serious thing because it is concerned with the welfare of society. you can see many countries that have serious problems with the economy.
i think this is just a matter of switching payment methods. many companies are implementing ico to market their products by means of payment in the form of their own coins. and i think that key to success is sale of their products, to introduce them to investors they allocate marketing funds one of them through bounty program, and even then only 2% - 4% of ico result
Day to day people don't have access to stocks or derivative markets for example, and that helps to increase the gap between the rich and the poor(which in turn requires the intervention of the aforementioned central authority).
First post and its a spam with nonsense. Way to go.
Economy of free things? What is the relationship of this topic to Bitcoin or crypto currency digital transaction? Ideology or not, it is none issue on Crypto currency Digital transaction. A decentralized digital transaction, no control from any government is never correlate to the supply and demand of commodities in which vital for one economy of every country. The nature of investment in BITCOIN or Crypto mainly touch the aspect of Buying and Selling of the said project with no involvement of basic commodities.
I believe the post was in reference to token economics and the perceived value of things we get for free, not only in terms of price but also in terms of our attachment to things that we have obtained in exchange for nothing. It, in simple and vernacular language, tries to explain the value of tokens as a way to bridge the wealth gap that currently exist in the world. Additionally it ends with a question that opens up the debate on how we can try to monetise this concept. So not only does it have a lot to do with bitcoin, but its one of the basic ideas in which its distribution was based initially, of course this is just my interpretation and AxiomSupport will actually have to comment on it. It is cool if you don't get it though, not everyone can extract the core idea of simple texts easily and that is perfectly fine, maybe stick to being so annoyingly self righteous though, you seem to be good at that.
Thank you this is quite on point, I try to explain how cryptocurrencies allow people to invest in the underlying asset directly instead of through a stock that represent s portion of the system, and how things like airdrops are a very interesting tool to help day to day people achieve financial independence. I tried through that example to show how the economics of free things which are usually viwed in a negative light can now be viewed in a different light, one of empowerment instead of entitlement, an you are very right in saying this is how bitcoins tarted! bitcoin give way for tweeting about it!
Must admit that this is interesting, and to be hones I never thought about this before. But I am not sure if airdrops and some small giveaways could help someone achieve their financial independence. Because almost everything that is given for free, has low value. Yes, in the future that free stuff could be worth much more, but chances for that are low. Also not to mention that those giveaways demand some thing in return, which benefits that company in the end, which means its not totally free.
But I guess it could be a starting point for better future. Also you are correct that this way more people are able to participate in giveaways, or lets just say in getting free things. So lets be optimistic a bit, and hope that this course of actions can lower poverty and things like that.
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