@iLoveAltcoins.
First off thanks for side stepping my spelling mistakes LOL
I noticed the first sentence i wrote was messed up *as usual ahhaha
And i don't want to be right.. it would have been nice if all this kept expanding (but it didn't)
What we got was a lot of stories of i got hacked.. whether it was coins claiming that or Exchanges.
Heh, no problem. Happens to the best of us
And yeah, stuff can't expand exponentially on Earth (specifically talking about business here) because the population of Earth isn't growing exponentially, which is why market saturation is a such a bad thing for business people.
I want to ask you guys.. Did Satoshi go on the record claiming he was against regulation some how ?
And you guys do realize that regulations exist to protect you right ? and protect the scene too !
All you have to is look at the housing market crash and the recession it triggered.
It was caused by Greenspan refusing to put some simple regulations in.. no matter how hard he was warned ahead of time.
He is regarded as Fed reserve Einstein.. a god.. cover of lots of magazines.. a hero.
While I don't know much about the housing crisis (it's a little out of my scope) I think I can answer the first question there.
I don't think he was specifically against regulations, per se, what he was against was governmental oversight coming in and exploiting the currency system. Too much regulation and government oversight can be a serious issue. Just look at the Cyprus incident that happened a few years back, they literally stole money from their citizens bank accounts. That's the kind of stuff that Satoshi was against... at least, as far as I know.
Reality check kids.. Free Markets are bad.
All they do is make the rich richer.
Yowza... that's a fucking sentence LOL
Look, when it comes to personal freedom, a free market is the only way to go. With an over regulated market you just get the same old crap we always get. We probably wouldn't have computers, cell phones, toys, etc. Because the government would swoop in and say "This is clearly bad for you, we need to protect you from it," which is why I'm fundamentally against anything other than a free market.
As for your other sentence, yeah, but it also allows for other people to become rich as well. In a limited market economy, the government and and a few "select" businesses get richer, it would be nearly impossible for someone from the "middle class" to join the ranks of the rich in a limited market, in the free market all it takes is a good idea, and good business sense. Plus, free markets give the people the freedom to choose whether or not a product succeeds or fails, not the government.
Kids with 2 bitcoin love the anon hackers rebel no rules bad ass bullshit.
but guys who make 1.5 billion dollars profit REALLY like the lack of regulations..
.
Sure, I mean, I'm a kid, and I used to think the rebel hacker bullshit was the coolest thing in the world. The Matrix really cemented that for me
lol
But in all seriousness, Bitcoin isn't really all that different from cash. Sure there aren't as many laws restricting Bitcoins use, but fundamentally there isn't a lot we can to prevent cash from being used the same way.
Sure a lack of regulations can be bad, especially because we are humans, and humans are intrinsically assholes, but with a lack of regulation, the government can't swoop in a take all our Bitcoins, or shut Bitcoin down, or whatever. That's basically the entire point of Bitcoin, a lack of government power/oversight.
You *could even the playing field by putting regulations in place but you don't want that for some odd reason.
I always think of Berni Madoff and Martha Stewart.
A ponzi scheme'er and an insider trader.
Can you guys fathom how many guys in Crypto would be behind bars if we had similar laws ?
I just said..
You *could even the playing field by putting regulations in place but you don't want that for some odd reason.
I think i see why now LOL
See, the thing is, an "even playing field" isn't really even, ever. Especially when talking about money. When it comes down to it, regulations put the power in the hands of the government, a lack of regulations puts *most* of the power in the hands of the rich. The difference here is that in one of those scenarios, the power is fixed and unchanging, in the other, the power is shifting hands basically everyday.
And, yeah, people have been arrested for Bitcoin crimes. Google "First Pirate Savings and Trust" and you'll see what I mean.
But, if you're a socialist/communist (no bias against either of those viewpoints, I just disagree with them) then me arguing with you probably won't convince you of anything.
Also, I just realized that the topic on this thread has shifted dramatically because Spoetnik and I are now arguing about the fundamentals of economy. I just thought that was funny LOL