Bitcoin (and crypto) are a pure free market in action. A textbook example in many ways.

Natural competition emerges between companies in different industries - from wallets and exchanges to merch and local beef.

Scammers with false marketing having social recourse from the market at large.

A trend towards a natural monopoly due to 1st mover advantage, network effects, superior use case and quality.

Real financial consequences for bad market decisions by consumers and producers (i.e. the scammers and the collapsed casions).

Not to mention Bitcoin's own internal checks and balances to form consensus.

And of course the deeper layer of freedom embeded in Bitcoin that separate Money & State, and we haven't seen what a free market built on those fundamentals looks like before this.

We're slowly making our way to the S/D price equilibrium and I hope this amazing experiment never ends, but becomes the norm.

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And we are watching social norms emerge as an answer to complex problems, information asimetry and more:

- Bitcoin maximalism

- Not your keys, not your coins

- You are the yield

All of this seem to save us from falling into scams and common mistakes that you only realice you've made them after the point of no return. Is fun to se that not only people learn how to deal with things wothout coersive regulators but probably does it in a more sophisticated manner (solving problems that are hard to spot and therefore regulators can't see them coming)

Though in a way is an act of feith to believe that this allways be the case, but imo is what will allways happen

Yes! I think about this all the time when anyone says "but we need regulations". We got regulations after Enron and the scams just increased. MLM is a booming industry.

But but but... The roads!™️

😂