Not many people can grok the fact free markets don’t exist on a protocol level.

By its very definition a software protocol enforces rules and conventions that govern communication.

Bitcoin wouldn’t exist without rules and conventions that limit what you would consider a “free market”.

Reply to this note

Please Login to reply.

Discussion

A free market can't exist without constraints.

A free market can only exist when those constraints are applied equally to all participants.

Few

Free markets have enforcement mechanisms therefore are not “free”