Worries Grow That the Price of Bitcoin Is Being Propped Up

Re:Worries Grow That the Price of Bitcoin Is Being Propped Up by Slansitartop on Thursday February 01, 2018 @02:19PM (#16284897)

>> You could say that humanity has repeatedly and organically come to a solution broadly known as government and regulation.

> Worked great in 2008.

Wasn't 2008 at least partially the result of having banking regulations withdrawn/weakened over the prior decades?

If so, isn't it pretty bogus and misleading judge the effectiveness of financial regulation from that event? It's like saying airbags don't help in a crashes, because yours was removed and you smacked your face against the steering wheel in a crash.

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Re:Worries Grow That the Price of Bitcoin Is Being Propped Up by hndamien on Thursday February 01, 2018 @10:53PM (#16288275)

You still had a system that decided removing airbags was a good idea. Then, when getting smacked in the face, doing nothing to the people involved in removing the airbags or causing the face smacking.

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Re:Worries Grow That the Price of Bitcoin Is Being Propped Up by Slansitartop on Friday February 02, 2018 @01:47PM (#16293070)

That doesn't really reflect on the suitability or effectiveness of regulation to address the problem. Greedy, ignorant people who failed to study and learn from the past can be the decision-makers, too.

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Re:Worries Grow That the Price of Bitcoin Is Being Propped Up by hndamien on Sunday February 04, 2018 @06:12PM (#16305502)

Then you have a systemic problem allowing greedy ignorant people to be decision makers. Not sure how to fix this, but I believe there is a solution.

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