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1  Bitcoin / Bitcoin Discussion / Re: The Bitcoin Crooks are not Who We Thought They Were on: February 28, 2014, 10:55:07 PM
It amazes me that people don't realize that the crooks in any society or financial arrangement are the business owners not the individuals. Think about all the businesses that have fucked you over in your life. I can name three without giving it much thought (Best Buy, Albertsons and PayPal). Then think of all the individual people that have fucked you over as an adult. I can think of one and he was family (never loan money to family). Businesses by their very design are out to take as much money from you as they can. Bitcoin just gives them an easier way to do that by allowing them to hide behind legal obscurity. Gox is going to do what so many businesses have done in the past and hide behind bankruptcy laws. The reason mainstream financial institutions, like banks, have government protections, like the FDIC, is because their mistakes fuck over so many individuals that people cry for a solution. Libtards forget that those protections are there because people need them, want them and demand them. Pirate@40 fucked over a bunch of people and the first thing they did was run to the government to fix it. I'd like to feel sorry for your loss but that's impossible because you did it to yourself by trusting an unregulated business with your money. Regulations may not always work but at least they provide some incentive to business owners to at least contact you back and try to fix it before you tattle on them.
An extraordinarily persuasive -- and well written -- post.
This single paragraph quoted above has succeeded in persuading me to to change a once-steadfast view on regulation to one of the polar opposite.

You, sir, with your oratory skills, could have persuaded Jesus to come down from the cross. 
2  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Newly Launched on: February 23, 2014, 09:55:43 AM
Oh yes !
Well done the good ship Ultracoin ............... captain and crew.
Not an Ultracoin holder meself -- yet -- but have been following the coin's progress with great interest. And been voting each hour on MintPal.
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