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This is exactly why I love Bitcoin threads like this so much, they always contain a bunch of idiots who inevitably lose their Dunning-Krugerrands to scammers an

This is exactly why I love Bitcoin threads like this so much, they always contain a bunch of idiots who inevitably lose their Dunning-Krugerrands to scammers and insolvent exchanges, of which all the regulations with fiat they claim to hate so much are there to prevent in the first place.

darkmighty 9y ago
To be fair, the hardcore crypto-anarchists and such would never keep their money on exchanges. Ideally they'd keep money on cold wallets, physically secure. But also they don't care about usability, which sucks in that case. Being your own bank sucks, pretty much.
ggm 9y ago
Bitcoin: Dunning-Krugerrands is going on a tee shirt. That phrase is my million-dollar riff. thank you sir (or madam, or space donkey. we're not choosy in cyber space)
CyberDildonics 9y ago
I'm going to go out on a limb and guess that there are plenty of people who don't want more of their currency printed but still think theft is wrong.
unknown_apostle 9y ago
So this bunch of idiots can't access the legal system or expect justice, unless they fully accept the inevitability of currency debasement or the revolving-door system between banks and government? That's exactly why I love bitcoin threads like this. Because of the sour grapes who stood by the sidelines over the past 8 years. Btw, applying "plain" justice or bankruptcy to insolvent financial institutions was exactly what they didn't do in 2008. Listen to the recordings of Irish bankers how they would approach regulators. "If they say, if they saw the enormity of it up front, they might decide, they might decide they have a choice." Instead of putting skin in the game of people like this, they socialized the losses, suspended mark-to-market and papered it over with ridiculous amounts of legislation that was written with the help of the same people who were bailed out. Almost nobody went to jail. That's probably why we have blockchain to begin with and why 10 years later we'll have to go through something similar or worse. https://www.theguardian.com/business/2013/jun/24/anglo-irish-bankers-taped-recordings https://www.theguardian.com/business/2013/jun/24/anglo-irish...
- deadmetheny 9y ago
  >this bunch of idiots can't access the legal system or expect justice Sure they can, but they should also not be surprised when a lack of controls on currency transfers result in their shit getting stolen, when part of the 'appeal' of Bitcoin to so many people is that there's no controls on it. >sour grapes Hahahahahahahahahahahahaha. Bitcoin is fucking stupid, a huge waste of electricity and CPU power, and its ultimate destiny is to crash and burn. Some people might make money off of that, good for them if they do I guess, but I don't really care either way. >'the banking system is corrupt and bad' Agreed. People didn't go to jail that should have, and society suffered for it. I don't agree that Bitcoin is the solution to those problems, though.

darkmighty 9y ago

To be fair, the hardcore crypto-anarchists and such would never keep their money on exchanges. Ideally they'd keep money on cold wallets, physically secure. But also they don't care about usability, which sucks in that case. Being your own bank sucks, pretty much.

ggm 9y ago

Bitcoin: Dunning-Krugerrands is going on a tee shirt. That phrase is my million-dollar riff. thank you sir (or madam, or space donkey. we're not choosy in cyber space)

CyberDildonics 9y ago

I'm going to go out on a limb and guess that there are plenty of people who don't want more of their currency printed but still think theft is wrong.

unknown_apostle 9y ago

So this bunch of idiots can't access the legal system or expect justice, unless they fully accept the inevitability of currency debasement or the revolving-door system between banks and government? That's exactly why I love bitcoin threads like this. Because of the sour grapes who stood by the sidelines over the past 8 years. Btw, applying "plain" justice or bankruptcy to insolvent financial institutions was exactly what they didn't do in 2008. Listen to the recordings of Irish bankers how they would approach regulators. "If they say, if they saw the enormity of it up front, they might decide, they might decide they have a choice." Instead of putting skin in the game of people like this, they socialized the losses, suspended mark-to-market and papered it over with ridiculous amounts of legislation that was written with the help of the same people who were bailed out. Almost nobody went to jail. That's probably why we have blockchain to begin with and why 10 years later we'll have to go through something similar or worse. https://www.theguardian.com/business/2013/jun/24/anglo-irish-bankers-taped-recordings https://www.theguardian.com/business/2013/jun/24/anglo-irish...

deadmetheny 9y ago
>this bunch of idiots can't access the legal system or expect justice Sure they can, but they should also not be surprised when a lack of controls on currency transfers result in their shit getting stolen, when part of the 'appeal' of Bitcoin to so many people is that there's no controls on it. >sour grapes Hahahahahahahahahahahahaha. Bitcoin is fucking stupid, a huge waste of electricity and CPU power, and its ultimate destiny is to crash and burn. Some people might make money off of that, good for them if they do I guess, but I don't really care either way. >'the banking system is corrupt and bad' Agreed. People didn't go to jail that should have, and society suffered for it. I don't agree that Bitcoin is the solution to those problems, though.