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Author Topic: Free Market Currency  (Read 1340 times)
mizerydearia
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October 02, 2010, 07:04:59 AM
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I was watching http://www.youtube.com/watch?v=PO_kjoKkhv8&feature=channel and it mentioned "free market currency."  I searched for phrase "free market currency" at this site and didn't see any results.  Perhaps this thread can be used to discuss it further.

Does Bitcoin have potential to establish use as a free market currency?
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FreeMoney
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October 02, 2010, 08:02:36 AM
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Does Bitcoin have potential to establish use as a free market currency?

It already has, right? The market is fairly liquid for small amounts, and worth 260K USD, which is impressive for a recent "start up" currency IMO.

But is your question more along the lines of it becoming big enough to compare to the market for dollars or euros?

I'd guess that it never trades on major exchanges vs national currencies, well not for long anyway. It's just so much better that once it has comparable adoption it will end fiat completely. Wide adoption is the only problem with bitcoin imo, and that is temporary and will eventually benefit from positive feedback.

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October 02, 2010, 08:06:27 AM
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I was watching http://www.youtube.com/watch?v=PO_kjoKkhv8&feature=channel and it mentioned "free market currency."  I searched for phrase "free market currency" at this site and didn't see any results.  Perhaps this thread can be used to discuss it further.

Does Bitcoin have potential to establish use as a free market currency?

It already is.
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October 03, 2010, 04:12:48 PM
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Bitcoin is a P2P computer program. It is not a currency, a dessert topping, or a floorwax.



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October 03, 2010, 04:34:16 PM
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Bitcoin is a P2P computer program. It is not a currency, a dessert topping, or a floorwax.





A P2P computer program and currency is not exclusive to each other.

hugolp
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October 03, 2010, 07:05:24 PM
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Bitcoin is a P2P computer program. It is not a currency, a dessert topping, or a floorwax.





The dollar is a piece of paper with funny drawings. It is not a currency, a dessert topping, or a floorwax.

Gold is a metal. It is not a currency, a dessert topping or a floorwax.
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October 03, 2010, 07:06:14 PM
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Funny! Smiley

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mizerydearia
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October 03, 2010, 08:48:10 PM
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The us dollar is designed to be extremely difficult to duplicate identically for the very reason that it is used as a currency and if it were easy to duplicate then it would be fairly easy for many to create their own wealth while also drastically decreasing the value of us dollar.

Bitcoin by design is impossible to duplicate and is thus a best implementation of currency afaik.
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