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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
by 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.