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Re:China's Central Bank Bans ICOs by CryptoPunk on Monday September 04, 2017 @08:07AM (#15167620)
I don't like the idea of a safety net that depends mostly on the contributions of those who least want to be party to it.

Regarding looking out for each other with bans on dangerous goods/services, I have no problem with a voluntary program that people enroll in to be looked after in this manner. We could have a state-backed coop that we voluntarily cede some of our rights to for a predetermined amount of time (e.g. 5 years), and over that timeframe, we are obliged to use the government's software guards on our smartphones/PCs, that prevents us from transacting with entities not on the government's whitelist.

But people should be able to live without those protections if they so choose. Accepting anything otherwise is accepting a servile existence for oneself and everyone else.

Re:China's Central Bank Bans ICOs by Nursie on Monday September 04, 2017 @08:11AM (#15167641)
>> I don't like the idea of a safety net that depends mostly on the contributions of those who least want to be party to it.

Yet without such things we end up with millions in penury, risking starvation, because they never thought they'd be the one to hit hard times.

As for the rest, yes I get that you're a libertarian. I'm not. I understand its appeal, but it's a recipe for literal social darwinism, with those who are poor, unlucky or ill getting to die, free, in the streets.

Re:China's Central Bank Bans ICOs by CryptoPunk on Monday September 04, 2017 @08:22AM (#15167699)
Perhaps you could create a thread in an appropriate forum and we could debate the issue, because I don't agree at all that absent pillaging the rich with redistributive taxes, we'd see a worsening of poverty.

And even if we could save the poor with such acts, it seems like a very shortsighted approach that can't possibly be sustained over any significant timescale, given it depends on ignoring the will of an entire segment of the population. What kind of society could we possibly hope to create with such an adversarial approach?