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Real markets are black markets
321 sats \ 4 comments \ @2big2fail 11 Sep 2022 bitcoin
The only true free market is a black market and bitcoin since the beginning has been black market money. Act as if holding bitcoin is equivalent to black market activity.
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100 sats \ 0 replies \ @cryptocoin 12 Sep 2022
The free market of the past was physical, but if physical cash is banned and only electronic forms of money are accepted (Central Bank Digital Currencies, anyone?), then free market goods will be priced in an electronic currency that cannot be confiscated by the State. I predict that the currency of the free market will be Bitcoin.
For the War | Arthur Hayes #67114 https://cryptohayes.medium.com/for-the-war-fd5509d525d
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60 sats \ 1 reply \ @DarthCoin 11 Sep 2022
Why do you name them "black"? The real name is free market, not black market. There's no such thing as "black market"
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0 sats \ 0 replies \ @2big2fail OP 11 Sep 2022
very true
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0 sats \ 0 replies \ @tomlaies 11 Sep 2022
Hmmm, counter argument: black markets are less liquid and usually cost a premium. That makes black markets structurally less capitalistic.
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