Re:Worries Grow That the Price of Bitcoin Is Being Propped Up
by conanbatt on Friday February 02, 2018 @04:22PM
(#16294286)
How is people buying tether and getting screwed related to you? What is the externality they are imposing on you?
Also even if that were true, it would show something else: the entitlement of doing something unto others to your own benefit. Isnt that always the reason to apply force?
Re:Worries Grow That the Price of Bitcoin Is Being Propped Up
by Daishiman on Friday February 02, 2018 @04:30PM
(#16294355)
It's related in that those phenomena can cause an economic crash and the the losses of bad investments affect families, dependents, and the long-term health of societies.
Re:Worries Grow That the Price of Bitcoin Is Being Propped Up
by conanbatt on Friday February 02, 2018 @05:17PM
(#16294644)
Even the most stringent and controlled economies can prevent crashes. Thats not what the SEC does as a purpose or as a result. Let alone in this space.
Bitcoin is entering another stage now where its resistance to this will be tested, hard.
No man is an island. If people choose to engage in activities that end up affecting negatively the rest of us through externalities such as pollution, corruption, and the destruction of economic value, sorry, but historically people don't just stand by idly and let others destroy the societies they've built.