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Author Topic: The freer the market, the freer the people?  (Read 570 times)
Majharul Saiif
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August 06, 2020, 06:31:40 PM
 #41

Some constraints should be pertained without being too authoritarian. Because when the market becomes free, there will be no bias. Frauds can escalate. There is a saying that " if the rope is grabbed too much then it smashes if it is expelled it omits its existence."

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August 06, 2020, 08:31:28 PM
 #42

Freer market means freer people. More freedom for them to do their crimes. I know people needs to be given freedom, but not everyone is like us. There are people who will start abusing their freedom. We should probably see how badly it is going to affect us when there is no regulation at all. Can people be trusted with total freedom?
Lol, no bitcoin is not a completely liberal currency. It is regulated and usage has restrictions just like normal currency.

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August 07, 2020, 04:59:35 PM
 #43

What I have come to understand is that there are people who wants to just live their life and do their thing without anybody monitoring every move they make on the net, and the government (not just the government alone) is fond monitoring people unnecessarily on everything, so that causes some people to look for other alternatives that will help them maintain that anonymous life and activity.

Bitcoin and other cryptocurrencies is like an answer to that problem, but unfortunately there are those who wants to make use of it for the wrong purpose. Because of that, people can’t be hundred percent, if we are free to do whatever we want, without anyone keeping an eye on what we are doing, then people are going to do a lot of crazy stuffs and go free.
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September 08, 2020, 09:09:53 PM
 #44

What market?The cryptocurrency market or every market in the economy?
If you are talking about the second option I think that market freedom is kinda overrated.
Having a totally free market (by free I mean unregulated) means that it would be easier for the bigger companies to smash the smaller companies and to create a monopoly or a cartel,which means that the market will no longer be free(the cartel/monopoly will smash any competition and close the market for new competitors).
Having moderate regulation by the government is better than having a totally free market with no regulations.
Bitcoin can't be excluded from the market economy.I don't think that BTC is totally free.There are crypto whales and big miners that have a certain level of control and influence over BTC.
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September 08, 2020, 11:18:45 PM
 #45

Freer market means freer people. More freedom for them to do their crimes. I know people needs to be given freedom, but not everyone is like us. There are people who will start abusing their freedom. We should probably see how badly it is going to affect us when there is no regulation at all. Can people be trusted with total freedom?
Lol, no bitcoin is not a completely liberal currency. It is regulated and usage has restrictions just like normal currency.

You are right on what you have said when it comes into that total or completely freedom where people doesnt have similar minds yet there would always be someone who do really abuse this freedom for their
own benefit.

Yes, bitcoin did really give out such thing but as you mentioned it isnt really that totally free yet regulations and restrictions can still be applied, might not be totally but its still there.

It does have pros and cons though but having this is much more better rather than having nothing at all.

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September 08, 2020, 11:19:26 PM
 #46

I am one of those who do not agree to give 100% freedom to humans, because a life that is too free will have its consequences chaos.
Indeed freedom is fun for everyone, but it will make people uncontrollable and do whatever they want. Therefore, every country must
have its own rules. The same thing as the market is not good if given freedom, there must be rules governing it.

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September 08, 2020, 11:59:42 PM
 #47

I am one of those who do not agree to give 100% freedom to humans, because a life that is too free will have its consequences chaos.
Indeed freedom is fun for everyone, but it will make people uncontrollable and do whatever they want. Therefore, every country must
have its own rules. The same thing as the market is not good if given freedom, there must be rules governing it.

It's not good to see people experience losing their money just because there are no regulations in the market. Sometimes, we dream to live freely without those strict regulations but if we think it deeply, a government without proper rules and regulations would only mean chaos and definitely not organized. So same with this crypto market, it would be more smooth ceiling if there are rules and regulation that would be strictly imposed so that scammers won't have the chance to fool the people.

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September 08, 2020, 11:59:58 PM
 #48

I am one of those who do not agree to give 100% freedom to humans, because a life that is too free will have its consequences chaos.
Indeed freedom is fun for everyone, but it will make people uncontrollable and do whatever they want. Therefore, every country must
have its own rules. The same thing as the market is not good if given freedom, there must be rules governing it.

It's not good to see people experience losing their money just because there are no regulations in the market. Sometimes, we dream to live freely without those strict regulations but if we think it deeply, a government without proper rules and regulations would only mean chaos and definitely not organized. So same with this crypto market, it would be more smooth ceiling if there are rules and regulation that would be strictly imposed so that scammers won't have the chance to fool the people.

But having central authority will defeat the purpose of the mission of crypto. So the responsibility is left to crypto users, how they will use this freedom and how they will act on every potential investment catered to them. Scammers will always be there even before crypto was born. But now, they are getting aggressive as they can operate freely without disclosing their identities. Crypto users should know how to identify between a legit and fake project. There are so many warning signals how to know one like project using fake identities, plagiarized whitepapers, ponzi scheme strategy and others.
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September 09, 2020, 12:02:20 AM
 #49

Bitcoin may be decentralized but I don't think you should call it liberal. It is true that we can do things with it, we can take advantage of the decentralization and the pseudo-anonymity of it but without order, there will be chaos and to be able to do that we need a set of standards, rules that needs to be followed and that is not being free.

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September 09, 2020, 05:28:18 AM
 #50

The freer the market, the freer the people
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.
I do believe that if market will be free - a lot of mistakes will be made, however after some time most of people will understand what they need to do in order to use free market without being scammed/losing own funds.
But until market is free most of our society won't even bother themselves to learn such things.
Thus being said - freer the market, freer the people. Sounds delightful, but in reality free market would be hard to live with.
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September 09, 2020, 06:21:52 AM
 #51

Freer market means freer people. More freedom for them to do their crimes. I know people needs to be given freedom, but not everyone is like us. There are people who will start abusing their freedom. We should probably see how badly it is going to affect us when there is no regulation at all. Can people be trusted with total freedom?
Lol, no bitcoin is not a completely liberal currency. It is regulated and usage has restrictions just like normal currency.


indeed freedom can be abused, but at least more people will use it for the good than for the bad.
The usage is unlimited you can send it anytime and as many times as you want as long as there is an internet connection.
while money has a daily tranfers limit.

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September 09, 2020, 10:07:30 AM
 #52

The freer the market, the freer the people
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.
I do believe that if market will be free - a lot of mistakes will be made, however after some time most of people will understand what they need to do in order to use free market without being scammed/losing own funds.
But until market is free most of our society won't even bother themselves to learn such things.
Thus being said - freer the market, freer the people. Sounds delightful, but in reality free market would be hard to live with.

I believe that mistakes with always we made. Humans are lot perfect, so it's in our nature to do mistakes but we also have the ability to learn from them. In a centralised regulated economy we will see also big mistakes, these mistakes are usually not covered by individuals but by the hole population. In a free market people are free to make their own mistakes but have to live with them. On the other hand the upside potential is much higher in a free market, everyone can get rich. Where as in a regulated market only the government and its close allies get rich.
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September 09, 2020, 10:13:22 AM
 #53

I do believe that if market will be free - a lot of mistakes will be made, however after some time most of people will understand what they need to do in order to use free market without being scammed/losing own funds.
But until market is free most of our society won't even bother themselves to learn such things.
Thus being said - freer the market, freer the people. Sounds delightful, but in reality free market would be hard to live with.

Free markets or free trade do have advantages for the economic actors involved. However, many countries are still classified as developing countries, so it is clear that the parties that benefit most from the existence of free markets are developed countries. So that the existence of free markets does not prosper people in developing countries and poor countries. The free market is used by developed countries to penetrate the market and dominate developing countries and poor countries.

Economic liberalization that eliminates the role and responsibility of the government in the economic sector then leaves everything to individuals and market mechanisms. This causes the dangers to be obtained because this policy will weaken the domestic economy and drive the wealth of developing countries to developed countries. The free market promises wider opportunities but in fact, the free market is used as an avenue for exploitation and oppression.

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mu_enrico
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September 09, 2020, 01:31:29 PM
 #54

The market has no soul. It can do good or wrong depends on the people using it. The ideal free market assumed individuals have no morality problem, and the ideal command market thought that the leaders have no morality problem.

It is correct the free market will promote freedom, but some will misuse the liberty to do profiteering. Hence, it needs everyone to be bounded by morality or have a mechanism to enforce the rule.

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ethereumhunter
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September 09, 2020, 02:04:28 PM
 #55

The freer the market, the freer the people
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.
I do believe that if market will be free - a lot of mistakes will be made, however after some time most of people will understand what they need to do in order to use free market without being scammed/losing own funds.
But until market is free most of our society won't even bother themselves to learn such things.
Thus being said - freer the market, freer the people. Sounds delightful, but in reality free market would be hard to live with.

You are right. The market needs to have rules or boundaries for every person involved in that market to avoid scammed or losing their funds. Maybe the free market means people can choose where they want to buy and sell, and where they want to export or import it. So even if it is a free market or not, people still need regulation to control the market situations, so everything can be managed without having a problem.

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Salauddin1994
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September 09, 2020, 02:18:35 PM
 #56

The free market is how affiliate companies interact with each other private institutions almost all for-profit are socialist internally. Government entities tend to interact internally with each other and with private entities in a pre-civilized manner based on power rather than mutual benefit or even socialist collectivism. Due to the free market the demand for the market in developing countries increases and improves. In the case of transactions compensation is paid rather than making more decisions than should be achieved and is determined by those with political power.
int03h
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September 10, 2020, 12:11:38 AM
 #57

The freer the market, the freer the people

The more free the market, the more manipulation, and injustice. Everyone wants many benefits from their side and defies danger to others. Man too free will lead to immorality.

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.


Bitcoin only helps people escape government and fight inflation. The essence of bitcoin is still to follow the rules of the blockchain in itself.
Bitcoin belongs to the community and the community that governs it. Freedom is in your thinking. Remember that there are laws everywhere.
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September 10, 2020, 04:22:17 AM
 #58

I don't mind being free.

Do things I wanted to do, go to places I wanted to go, and so on but I don't think that it will be that great if there is too much freedom. This freedom might lead to more chaos since people would do things they wanted to without thinking about the consequences of it to him and the other people. Bitcoin is great the way it is now, we just need adoption that is just it.
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September 10, 2020, 06:20:15 PM
 #59

Well not really per se. Because if we look at the traditional markets when you remove regulations that means companies usually do more risky stuff and they do stuff that would make them richer while not really caring about the general public. For example, if you let oil companies unregulated and do nothing about it, they are idiots enough that (which they are already right now with regulations) they wouldn't mind making the world an apocalypse type of situation and how it could totally ruin the whole earth and destroy it and not leave us anywhere to live and climate change reaching to a point where everywhere is both drowned in rising sea levels and everywhere else left would be burning... just for a quick 5 year profit for themselves. So regulation is a must to prevent bad stuff.

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ChiBitCTy
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September 10, 2020, 08:12:05 PM
 #60

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.

Why do you think that a free market means bad things will happen?  I think the United States has proved that this statement isnt true.  A free market in theory could have implications of potential for abuse, and "bad things happening" like you've stated.  That said, those things can be "ironed" out by societies over time.  There is nothing humane about a communist society.  No one should be controlling everything.  History has proven that this type of market is not more economically viable. 

You can't really compare a free market and bitcoin..doesn't really make sense in doing so.

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