#Bitcoin / #BTC is the first universal, species-wide free market in human history. 🤙
Discussion
Didn't think much able this but what about prostitution? Is it a free market? Or was it, that would qualify as the first one
lets ask nostr:npub1pzzrdngrnlufqazx3lfj07k0vfuya6ehfy8q5yv2h8c5e8fxgmxqhxdsr8 what he think the first free market in human history was
Nah, I don't think so. Oldest profession? Probably. Free market? Absolutely not.
In theory it looks like a free market: voluntary exchange, prices set by supply & demand, no centralized control, etc.
However, in practice, legal bans, social stigmas & black/grey market conditions distort the economics.
maybe block space is
but almost all BTC is initially acquired through a regulated KYCed exchange.
not a free market.