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Author Topic: TPTB can change the rules anytime they want  (Read 1306 times)
blogospheroid
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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.
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June 26, 2011, 02:50:47 PM
 #2

I really dont understand why anyone would trust the present financial system.

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YoYa
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June 26, 2011, 03:21:41 PM
 #3

I really dont understand why anyone would trust the present financial system.

Because we are a captive audience.

[̲̅$̲̅(̲̅ ͡° ͜ʖ ͡°̲̅)̲̅$̲̅] From time to time i exchange e-currencies/trade like Skrill>Paypal>Remittances>Pokerstars>Amazon GC>PaySafecard to Bitcoin. [̲̅$̲̅(̲̅ ͡° ͜ʖ ͡°̲̅)̲̅$̲̅]
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June 26, 2011, 03:47:00 PM
 #4

And maybe because we don't have a better alternative?
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etcetera


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June 26, 2011, 09:16:29 PM
 #5

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?

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The value of goods, expressed in money, is called “price”, while the value of money, expressed in goods, is called “value”. C. Quigley
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