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<p>[QUOTE="Limes, post: 4799848, member: 101013"]I think Andrew McCabe has shown the endless possibilities and advantages of strict governmental regulation of the coin market <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /></p><p><br /></p><p>But on a serious note. I do wonder something, as there seems to be a contradiction in some of the more passionate comments in this topic. If one argues from the perspective of 'its just the market doing its thing', then what about one of the more general ideas behind free markets is that it should lead to lower prices for consumers? Has the apparent larger influx of new costumers (as I understand from some of the replies) led to lower coins prices? AncientJoe remarks correctly there are no data to substantiate this. </p><p>But in some instances a free market has flaws and a large influx of cash from one or a few sources leads to exclusivity. Isn't this what is going on with the CNG auctions? But is this a bad thing per se? In some cases yes, in some cases no. The coin market is huge, too large to become absolutely exclusive I think. There is enough supply and I think there's the consideration that the coin market is not just one market, but consists of several niches and different markets. Some areas have become exclusive, due to the large influx of capital coming from one source, maybe a few sources. You cannot deny this, but you can think differently about the impact. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="Limes, post: 4799848, member: 101013"]I think Andrew McCabe has shown the endless possibilities and advantages of strict governmental regulation of the coin market ;) But on a serious note. I do wonder something, as there seems to be a contradiction in some of the more passionate comments in this topic. If one argues from the perspective of 'its just the market doing its thing', then what about one of the more general ideas behind free markets is that it should lead to lower prices for consumers? Has the apparent larger influx of new costumers (as I understand from some of the replies) led to lower coins prices? AncientJoe remarks correctly there are no data to substantiate this. But in some instances a free market has flaws and a large influx of cash from one or a few sources leads to exclusivity. Isn't this what is going on with the CNG auctions? But is this a bad thing per se? In some cases yes, in some cases no. The coin market is huge, too large to become absolutely exclusive I think. There is enough supply and I think there's the consideration that the coin market is not just one market, but consists of several niches and different markets. Some areas have become exclusive, due to the large influx of capital coming from one source, maybe a few sources. You cannot deny this, but you can think differently about the impact. :)[/QUOTE]
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