Bitcoin Forum
November 30, 2023, 05:02:36 PM *
News: Latest Bitcoin Core release: 25.0 [Torrent]
 
   Home   Help Search Login Register More  
Bitcoin Forum > Economy > Economics > TPTB can change the rules anytime they want
Pages: [1]
« previous topic next topic »
  Print  
Author Topic: TPTB can change the rules anytime they want  (Read 1355 times)
blogospheroid (OP)
Full Member
***
Offline Offline

Activity: 133
Merit: 100


View Profile
June 26, 2011, 02:10:00 PM
 #1
A good article on how the powers can change the rules anytime they want.

http://www.ft.com/intl/cms/s/0/0589a94e-9d9f-11e0-9a70-00144feabdc0.html#axzz1PkR7ySJH

So, the state of the CDS, a product created to specifically pay out when someone defaults, is in danger. When that someone is really too big to fail, they make sure that they change the rules. What a skewed system.

Compare this to the OPEN SOURCE of bitcoin. Anyone can read it.
1701363756
Hero Member
*
Offline Offline

Posts: 1701363756

View Profile Personal Message (Offline)

Ignore
1701363756
1701363756
Reply with quote  #2
1701363756
Report to moderator
1701363756
Hero Member
*
Offline Offline

Posts: 1701363756

View Profile Personal Message (Offline)

Ignore
1701363756
1701363756
Reply with quote  #2
1701363756
Report to moderator
1701363756
Hero Member
*
Offline Offline

Posts: 1701363756

View Profile Personal Message (Offline)

Ignore
1701363756
1701363756
Reply with quote  #2
1701363756
Report to moderator
The block chain is the main innovation of Bitcoin. It is the first distributed timestamping system.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1701363756
Hero Member
*
Offline Offline

Posts: 1701363756

View Profile Personal Message (Offline)

Ignore
1701363756
1701363756
Reply with quote  #2
1701363756
Report to moderator
1701363756
Hero Member
*
Offline Offline

Posts: 1701363756

View Profile Personal Message (Offline)

Ignore
1701363756
1701363756
Reply with quote  #2
1701363756
Report to moderator
1701363756
Hero Member
*
Offline Offline

Posts: 1701363756

View Profile Personal Message (Offline)

Ignore
1701363756
1701363756
Reply with quote  #2
1701363756
Report to moderator
hugolp
Legendary
*
Offline Offline

Activity: 1148
Merit: 1001


Radix-The Decentralized Finance Protocol


View Profile
June 26, 2011, 02:50:47 PM
 #2
I really dont understand why anyone would trust the present financial system.

               ▄████████▄
               ██▀▀▀▀▀▀▀▀
              ██▀
             ███
▄▄▄▄▄       ███
██████     ███
    ▀██▄  ▄██
     ▀██▄▄██▀
       ████▀
        ▀█▀		The Radix DeFi Protocol is
R A D I X
███████████████████████████████████

The Decentralized

Finance Protocol
Scalable
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
██▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀██
██                   ██
██                   ██
████████████████     ██
██            ██     ██
██            ██     ██
██▄▄▄▄▄▄      ██     ██
██▀▀▀▀██      ██     ██
██    ██      ██     
██    ██      ██
███████████████████████

███
Secure
      ▄▄▄▄▄
    █████████
   ██▀     ▀██
  ███       ███
▄▄███▄▄▄▄▄▄▄███▄▄
██▀▀▀▀▀▀▀▀▀▀▀▀▀██
██             ██
██             ██
██             ██
██             ██
██             ██
██    ███████████

███
Community Driven
      ▄█   ▄▄
      ██ ██████▄▄
      ▀▀▄█▀   ▀▀██▄
     ▄▄ ██       ▀███▄▄██
    ██ ██▀          ▀▀██▀
    ██ ██▄            ██
   ██ ██████▄▄       ██▀
  ▄██       ▀██▄     ██
  ██▀         ▀███▄▄██▀
 ▄██             ▀▀▀▀
 ██▀
▄██
▄▄
██
███▄
▀███▄
 ▀███▄
  ▀████
    ████
     ████▄
      ▀███▄
       ▀███▄
        ▀████
          ███
           ██
           ▀▀
███		Radix is using our significant technology
innovations to be the first layer 1 protocol
specifically built to serve the rapidly growing DeFi.
Radix is the future of DeFi
█████████████████████████████████████

   ▄▄█████
  ▄████▀▀▀
  █████
█████████▀
▀▀█████▀▀
  ████
  ████
  ████

Facebook

███
             ▄▄
       ▄▄▄█████
  ▄▄▄███▀▀▄███
▀▀███▀ ▄██████
    █ ███████
     ██▀▀▀███
           ▀▀

Telegram

███
▄      ▄███▄▄
██▄▄▄ ██████▀
████████████
 ██████████▀
   ███████▀
 ▄█████▀▀

Twitter

██████
...Get Tokens...
YoYa
Hero Member
*****
Offline Offline

Activity: 809
Merit: 501


Always verify deals with me through my public key!


View Profile WWW
June 26, 2011, 03:21:41 PM
 #3
Quote from: hugolp on June 26, 2011, 02:50:47 PM
I really dont understand why anyone would trust the present financial system.

Because we are a captive audience.
frutza
Newbie
*
Offline Offline

Activity: 14
Merit: 0


View Profile
June 26, 2011, 03:47:00 PM
 #4
And maybe because we don't have a better alternative?
shady financier
Member
**
Offline Offline

Activity: 84
Merit: 10


etcetera


View Profile
June 26, 2011, 09:16:29 PM
 #5
Quote from: blogospheroid on June 26, 2011, 02:10:00 PM
A good article on how the powers can change the rules anytime they want.

http://www.ft.com/intl/cms/s/0/0589a94e-9d9f-11e0-9a70-00144feabdc0.html#axzz1PkR7ySJH

So, the state of the CDS, a product created to specifically pay out when someone defaults, is in danger. When that someone is really too big to fail, they make sure that they change the rules. What a skewed system.

Compare this to the OPEN SOURCE of bitcoin. Anyone can read it.

Yes, that's why they're called The Powers That Be. What's your point?
1G8AUgSTAw8hfatNnDHuYEqBAUzC3qvAAL

Bitcoin news: http://thebitcoinsun.com/

Rapidlybuybitcoin here.

The value of goods, expressed in money, is called “price”, while the value of money, expressed in goods, is called “value”. C. Quigley
Pages: [1]
  Print  
Bitcoin Forum > Economy > Economics > TPTB can change the rules anytime they want
 « previous topic next topic »
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!