Re:Worries Grow That the Price of Bitcoin Is Being Propped Up
by conanbatt on Friday February 02, 2018 @11:18AM
(#16291701)
> No. That's a poor argument that, in this case, falsely equivocates slavery with financial regulation.
You say its a poor argument, but you dont say why.
> That's not what's happening in the least. But if Tether is a scam, then it will be shut down, as it should be. And no amount of "freedom" will justify running a scam on other people.
Tether will crash itself if it doesnt have the money its supposed to have, we don't need the sec for that ,the same way the SEC didnt start the 2008 meltdown or Enron's demise.
Its even more egregious if you consider tether is not in the US and affects non-US citizens the most. So why has the SEC the power to intervene in other countries with people that haven't elected them?
Its purely an act on a position of power, not on agreed rules, and thats some of the spirit that sorrounds crypto. Crypo will be more mature if it deals with this problems without government intervention.
You say its a poor argument, but you dont say why.
> That's not what's happening in the least. But if Tether is a scam, then it will be shut down, as it should be. And no amount of "freedom" will justify running a scam on other people.
Tether will crash itself if it doesnt have the money its supposed to have, we don't need the sec for that ,the same way the SEC didnt start the 2008 meltdown or Enron's demise. Its even more egregious if you consider tether is not in the US and affects non-US citizens the most. So why has the SEC the power to intervene in other countries with people that haven't elected them?
Its purely an act on a position of power, not on agreed rules, and thats some of the spirit that sorrounds crypto. Crypo will be more mature if it deals with this problems without government intervention.