Re:Joint Statement Regarding the Insolvency of Mt. Gox
by eterm on Tuesday February 25, 2014 @04:30AM
(#7296524)
That still involves regulation, you have to regulate and make sure that people aren't labeling their eggs salmonella free without getting them tested.
At some level it comes back to regulation. It is part of why I feel bitcoin is misguided.
Re:Joint Statement Regarding the Insolvency of Mt. Gox
by einhverfr on Tuesday February 25, 2014 @04:54AM
(#7296621)
s/libertarianism/bitcoin/ and I agree with you as a Distributist.
As a Distributist, my feeling is that successful regulation supports decentralization. The problem with the regulation vs deregulation dichotomy is that regulation is usually pushed as a centralizing power, while deregulation is usually also pushed as a centralizing power.
For example, here in Indonesia, if I buy eggs at the supermarket I don't really have to worry about them carrying salmonella. Why? Because truth in labelling laws and demand for salmonella-free eggs means that the farms that sell to the big food distributors all get tested so they can label their eggs as salmonella-free.
One really wonders why this hasn't taken off in the US. I can think however of a few reasons (it's not just too much or too little regulation but the wrong regulations).