Re:Worries Grow That the Price of Bitcoin Is Being Propped Up
by kadenshep on Saturday February 03, 2018 @11:04PM
(#16301259)
>and even if it were factually true it doesnt give him the entitlement to prevent other people from doing it.
Yes it does. In the same way I'm entitled to prevent people from drunk driving, because we know it's factually a bad idea and likely to end in a pretty nasty mess.
>I've built my case about it
In the same way you can build a ship designed to sink maybe.
That is his opinion, and even if it were factually true it doesnt give him the entitlement to prevent other people from doing it. If he believes the SEC provides value he can go to SEC regulated places, and let the ones that don't just be.
Today, the SEC regulates the startups right here, depressing wages of workers, reducing founder's returns, increasing investor returns and reducing overall market size. That is an economical fact. The steam of that oppression is coming out in crypto, where millions of people worldwide have a chance to 'invest' or speculate in something they are otherwise barred from doing. Barred by institutions like the SEC.
Crypto in spirit and technology is a way to get around those involuntary and foreign restrictions.
> Just stop. There is so much fundamentally wrong with that analogy at face value it beggars belief that you are being sincere.
I've made my case about it. You don't have to agree with it, and I dont have to agree with you. Do you want to call someone else into this to make sure neither you nor I say the wrong thing at punishment of fines and jail?