1 sat \ 3 replies \ @21millioins 5 Mar \ parent \ on: 1 in 3 small public companies is unprofitable charts
Is fair what you point, maybe it is an abuse of language on my side
What I support is not "the absence of rules" in the sense of "everybody will do what they want forever"
What I support is who provides the rules, I think the rules should be provided by the market. in other words, the only good rules are those who provide so much value to everybody involved that people adopt them voluntarily (whether they are aware of this or not).
I think that the market process is just a superior tool to discover what structures, rules and practices actually improves people life in the long run. Is hard to notice because good design is invisible, we tend to notice more the thing that doesn't work that those that does.
Design is always sub optimal since we cannot take everything into account, and end up with a design that "sort of works" but sweeps under the rug the consequences.
But.. assuming you are a bitcoin maxi..
Where all the shitcoins fit in what you just said? Arent the shitcoins we attack all the time a result of free market placing its rules?
I think its a good example.
Crypto is not very regulated,
The outcome is 99% of shitcoins are scams and we left to believe in the one where rules cant be tampered..
reply
If I may.
We have generations of plebs conditioned to believe that the state has their best interest at heart. The common man has not learned to be skeptical. If you were to remove all regulations on drugs for example you'd see a rash of problems. But over time people would learn and we'd all be better off.
This is what I believe is going on with "crypto". The public is naive and gullible. Even within the regulated markets people get scammed so regulation really doesn't protect people from it.
Bitcoiners are just people like any others. We all have opinions. Just like your family probably has diverse opinions on what food is best to eat, we all think we are right. It is the free market of ideas. The same is true with bitcoin in relation to crypto.