Bitcoin is a good experience of free market, it'san idea to escape the state bureucracy, regulamentations and a way to help the common people trying to pay less fees without decrease the financial system quality.
But looks inevitable the free market isn't immune to lobby threats. A group of holders can try to rule the free market as they are the majority part on it and no one can stop them. Powerful and ambicious guys will exist always, on both ways, free market or regulamented market.
Topic: The free Market and Bitcoin - page 2. (Read 1326 times)
The thing is, you can pump&dump bitcoin's price freely if you have the power. (money) Because it's a free market but your FIAT's power of being able to pump&dump prices is decided by someone else. (the central banks) So it's not that free. :p Got it now?
Can there be a free market with a fiat currency?
free market means no regulation, intervention or regulation has restricted the market. And remove some of the rules. It means all of the action by the individual is a voluntary. And if so do not Bitcoin and that competition is not the ultimate form of payment in the free market.
What do you mean about it? We are on the free market of crypto because all of the individual act and economic decision based on the voluntary without there is a regulation has been regulating the market.
I believe the economics definition of "free market" is about the freedom of the market to set prices based on the supply and demand forces. Policies that eliminate that freedom are tariffs countries impose in imports/exports (among other reasons).
Bitcoin is part of the economy alongside fiat, they're peers.
There's a free market as long ass goods/services can be echanged at free rates...the curreny used to pay for those goods and services is irrelevsnt.
Bitcoin is part of the economy alongside fiat, they're peers.
There's a free market as long ass goods/services can be echanged at free rates...the curreny used to pay for those goods and services is irrelevsnt.
capitalism
ˈkapɪt(ə)lɪz(ə)m/Submit
noun
an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.
Now that we've got that clear, let's start analysing.
Capitalism is centred around countries' trade and industry. Money is not a trade nor an industry, it just allows trades and industries to operate. Therefore since fiat currency does not prevent these operations from occurring, it doesn't inherently block capitalism. I would therefore argue that fiat currency can operate in a free market because a free market doesn't have to exclude a central government from existing.
ˈkapɪt(ə)lɪz(ə)m/Submit
noun
an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.
Now that we've got that clear, let's start analysing.
Capitalism is centred around countries' trade and industry. Money is not a trade nor an industry, it just allows trades and industries to operate. Therefore since fiat currency does not prevent these operations from occurring, it doesn't inherently block capitalism. I would therefore argue that fiat currency can operate in a free market because a free market doesn't have to exclude a central government from existing.
Quote
Everything's price is being regulated by someone or some government or some central bank.
The only thing which has its price regulated by a government or central bank is the currency. Everything else is free despite regulations (for example, value added tax). Of course everything's price is regulated by someone - in most cases, it's regulated by the business which is selling the product. Actually, this is the case nearly all of the time. 
First, we are not in a free market. Everything's price is being regulated by someone or some government or some central bank. (mostly central banks)
So, yes, there can't be a free market with FIAT because FIAT is being regulated and we buy bitcoins with FIAT, getting what i'm sayin?
We are not in free market with fiat. Mindrust has said it all,IF we are in free market why do we have government backing fiat before it becomes legal tender? In bitcoin we might not have free market as you are always ask to provide information about yourself before you can buy it. Also we pay tax for fiat translation the same with bitcoin fees for transactions. So, yes, there can't be a free market with FIAT because FIAT is being regulated and we buy bitcoins with FIAT, getting what i'm sayin?
First, we are not in a free market. Everything's price is being regulated by someone or some government or some central bank. (mostly central banks)
So, yes, there can't be a free market with FIAT because FIAT is being regulated and we buy bitcoins with FIAT, getting what i'm sayin?
So, yes, there can't be a free market with FIAT because FIAT is being regulated and we buy bitcoins with FIAT, getting what i'm sayin?
Hi,
Today I was preparing something for my bitcoin workshop when I came to the following observation.
If we are in a free market society with the principals of capitalism how can it be that the money we use (fiat) isn't part of that same system. And isn't it so that to have a truly free market system that money also have to be denationalized and uses the same principals like the free market itself ?
Can there be a free market with fiat currency ?
And if so isn't bitcoin and it's competition not the ultimate form of payment in this free market.
I'm no expert in economics, I read al little bit of Hayek's works this afternoon, but it would be great of anyone can help me with this question.
Thx
Today I was preparing something for my bitcoin workshop when I came to the following observation.
If we are in a free market society with the principals of capitalism how can it be that the money we use (fiat) isn't part of that same system. And isn't it so that to have a truly free market system that money also have to be denationalized and uses the same principals like the free market itself ?
Can there be a free market with fiat currency ?
And if so isn't bitcoin and it's competition not the ultimate form of payment in this free market.
I'm no expert in economics, I read al little bit of Hayek's works this afternoon, but it would be great of anyone can help me with this question.
Thx
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