Re:Sen. Manchin demands complete US ban on Bitcoin
by gknoy on Wednesday February 26, 2014 @04:15PM
(#7307889)
It seems that the health of the bank is something which is actively obfuscated. Saying "buyer beware" is like telling people that they should be responsible to make sure that the cars they buy are safe enough, or to make sure that the restaurants they eat at have clean enough standards in the kitchens. That's the entire point of regulatory inspections: No one can afford to be attentive to that level of detail or be an expert in everything.
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Re:Sen. Manchin demands complete US ban on Bitcoin
by drcode on Wednesday February 26, 2014 @04:37PM
(#7308085)
I agree people cannot be attentive to everything.
HOWEVER, people can be a lot more attentive now then they could ten years ago (for example, online reviews of cars/restaurants/etc) and in ten years they will be able to be even more attentive.
If we do things that foster attentiveness, everyone will be better off.
Re:Sen. Manchin demands complete US ban on Bitcoin
by dragonwriter on Thursday February 27, 2014 @12:36PM
(#7313523)
> HOWEVER, people can be a lot more attentive now then they could ten years ago (for example, online reviews of cars/restaurants/etc)
Its a good thing online reviews are reliable sources of information with transparent provenance that neither the company itself nor its competitors spend substantial efforts loading with false-flag propaganda.
Or, at least, that's a good thing in whatever alternate universe it is true in.