Never get in the way of web devs inflated egos when they're ranting about things which are vastly outside their scope of expertise. Bitcoin is a trigger word for the HN community and unless you're using every big word to insinuate it's a scam, then you'll get downvoted/ridiculed.

You're absolutely right by the way, libor rates have been rigged for decades and governments simply "fine" companies doing it. A simple google search will bring up sources for this claim.