BadEconomics: Putting $400M of Bitcoin on your company balance sheet

Re:BadEconomics: Putting $400M of Bitcoin on your company ba... by arcticbull on Monday January 04, 2021 @03:22PM (#25637332)

> Certainly not. As I keep telling people here, cryptos are property, not currency. Why should governments be in the business of telling people what type of property they can and can't own?

Uh what? That's like the second biggest thing the government does after, you know, army.

You can't own a dead lobster shorter than 6 3/4 inches in the United States without committing a felony, even if the lobster met its untimely end without your assistance.

Of course that's what the government should be in the business of doing otherwise we'd likely all be dead, and separately, there wouldn't be any more lobsters.

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Re:BadEconomics: Putting $400M of Bitcoin on your company ba... by cubano on Monday January 04, 2021 @03:55PM (#25637828)

Are you really comparing baby lobsters to key-pairs?

Private property right go back to the Magna Carta and form the basis of the US Constitution and it's Bill of Rights.

If you believe it's governments duty to control all property rights than your a Marxist and to be honest, I have no interest in debating you.

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Re:BadEconomics: Putting $400M of Bitcoin on your company ba... by arcticbull on Monday January 04, 2021 @03:57PM (#25637857)

Not all property rights no, of course not, however it's fairly obvious that the government has the freedom and/or duty to impose restrictions on property as necessary.

Bitcoin is regressive and would be harmful to the economy if it obtained widespread adoption, and therefore, the government has the right to curtail its use and ownership.

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