No, actually just the opposite. The whole point and maybe I need to rewrite it to make this clear is that there’s a third-party to whom bids are submitted and so she literally can’t do that. There is a later chapter that explains it but maybe I didn’t do it well in this one.
Yeah, one of the things that I like to comment about libertarianism is that in order to be a libertarian society you would need very strong laws. In other words the basic principles of liberty demand the basic principles of law.
I find it interesting that code and custom demands that all bids are open and fair and pre-contract write up's make things aboveboard.
Interesting in what sense?
Because that's not sometihng that happens in reality. Even Fenestra had to adjust to it.
In other words, although she had to open bid the priduct she could, as seller, know the bid and overbid if she chose?
No, actually just the opposite. The whole point and maybe I need to rewrite it to make this clear is that there’s a third-party to whom bids are submitted and so she literally can’t do that. There is a later chapter that explains it but maybe I didn’t do it well in this one.
Missed that. Interesting scenario that code requires fair play. Not a bad construct, as long as people are commited to fair play.
Yeah, one of the things that I like to comment about libertarianism is that in order to be a libertarian society you would need very strong laws. In other words the basic principles of liberty demand the basic principles of law.