Post
Topic
Board Economics
Re: The phrase to describe Bitcoin
by
SiNeReiNZzz
on 06/09/2017, 14:24:08 UTC
In this phrase is how I explain Bitcoin in all senses.

"Bitcoin is the most free and pure form of a crowd-economy, free from the oppression of governments."

Free from government oppression-yes,but not free from miners,"hard fork supporters",big holders trying to manipulate the market price and "off-chain" supporters.I think the term "crowd-economy" is meaningless,what are you trying to say with this?Every economy is a "crowd economy".Obviously we need people (crowd) to have an economy.
Maybe he wanted to say that it is people currency meant to be ruled by people. We all know that all other state currencies are not in the control of common man whereas bitcoins provide everyone with same opportunity of earning profits. Bitcoins provide complete freedom to the users.

Probably the post really would mean the general and with the most people in it and thats the community. I kind of like this idea because most issues in this community is how the government could handle or manipulate btc users in there own economy. Not totally free in some countries but at least it is not easy for the for an entity to control btc.
I guess early adapters has the advantage when it comes to the market and I think those late adapters would be the ones suffering if what you have said is true about someone whose manipulating or behind the prices. Anyway there are so many possibilities that can happen, maybe those late adapters may surpass those early birds i think.