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A comment on Worries Grow That the Price of Bitcoin Is Being Propped Up. Parent comment

Re:Worries Grow That the Price of Bitcoin Is Being Propped Up by Spooky23 on Thursday February 01, 2018 @12:45PM (#16283892)
It’s an experiment that is repeated time and time again, and people refuse to learn.

Without the disincentive of prison and financial ruin, people will always find ways to use leverage and information asymmetry to defraud the public. Always.

HN is often very innocent and naive about people and their motivations. Unfortunately, there are assholes in this world, and the law is what protects us from them.

[ Parent | on HN ]
Re:Worries Grow That the Price of Bitcoin Is Being Propped Up by pithic on Thursday February 01, 2018 @01:46PM (#16284504)
What the law does is transfer the power to defraud the public from the common grifter to a central authority. In doing so, it adds another, more sinister tool to the ones you mention: forced participation.
[ Parent | on HN ]