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Author Topic: The economics of free things.  (Read 176 times)
naughty1
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June 04, 2018, 09:59:57 AM
 #21

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.

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June 04, 2018, 10:29:39 AM
 #22

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
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June 04, 2018, 10:31:49 AM
 #23

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

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June 04, 2018, 11:07:18 PM
 #24

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.
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June 05, 2018, 02:37:57 AM
 #25

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...  Cheesy

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June 05, 2018, 07:37:48 AM
 #26

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.
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?
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😔

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June 05, 2018, 11:55:22 AM
 #27

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.
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June 05, 2018, 12:11:08 PM
 #28

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.
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?
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😔
As far as I understood, OP is not referring to bitcoin as free money. I think he is speaking about those giveaways where common people could participate and hopefully get some free coins or tokens, which they could later on exchange for fiat money. But I agree that mostly those free tokens are worth almost nothing, and that only in long runs could they become profitable.  But no matter how low price is, its still giveaway of money right?
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.
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June 07, 2018, 04:39:06 PM
 #29

Free thing  for sale the country's economy, plenty of damage will. People of the country any thing to interest will not.
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June 07, 2018, 05:19:52 PM
 #30

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.

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