The freer the market, the freer the people
Do you agree with that? In this community, the 80% of the members would say yes, because bitcoin is a completely liberal currency. I would just like to know if you disagree or agree and why.
In my opinion, if you leave the market free, both good and bad things will happen, but I think that most of them will be bad. You just can't leave them free. Bitcoin, on the other hand, is something different. It's the thing I exclude from this thought, although, we have left it completely free, and we can see the mountains it has created with its price. Something that isn't good for mankind. Again, in my opinion.
Not necessarily. Actually this might sound a bit communist but in every free market you would see a common phenomena of market being controlled by large cartels in every specific sector. This might not show an explicit control over the market but deep inside entry/exit in that market is absolutely restricted. But I think we should go down this issue a bit more. I think by free markets there are two ideas one is to leave the credit supply in the market un-monitored and unmeasured and let is correct itself. This correction would obviously take a bit of time until when people would suffer. On the other hand govt. injections and leakages in such scenario makes this method a bit more swift.
Second way of seeing free market is that there is no restrictions on entry/exit of companies in any sector/ any country/ any geography/any price. This I think is pretty much necessary if we are looking towards a globalized world. However this kind of freedom you might get from government but the key players of that sectors/ geography would still mandate the whole market.
Bitcoin falls in category 1 and I think that kind of freedom is easily implementable. But people already have this freedom they just get assisted from the government. This assistance would be impossible in case of Bitcoin. Moreover mountains that it has created with it's price were more or less results of over hyped speculation. So I think that it's myth that