Home Bitcoin News Bitcoin How We Became Gods

Bitcoin How We Became Gods

16 min read
0
19

If Bitcoin had been a mechanical watch, the payment market (not the free market) could be the mechanism making every little thing tick.

That is the place every little thing begins and ends.

That is the place censorship resistance comes from and the place the valuable useful resource of block area will get priced into power consumption.

The Bitcoin payment market is the primary man-made free market that ever existed.

In a free market:

  • No third social gathering can intervene in pricing
  • Nobody can cease you from taking part
  • Participation is voluntary

Most markets that emerge naturally are literally free; it’s the man-made ones that often wrestle with this property.


Source link

Comments are closed.

Check Also

Dogecoin, Ethereum, XRP, LTC: What the surge in altcoin interest means to Binance and other exchanges?

Because the starting of Bitcoin’s bull run, net site visitors throughout crypto exchanges …