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I think you're confused about the differences between a law and a regulation. As I understand it, at least in the US context, regulations are rules specify the

I think you're confused about the differences between a law and a regulation. As I understand it, at least in the US context, regulations are rules specify the finer details of the implementation of a law. You can be jailed for the violation of a regulation [1]. > I wish we had that, but we can't, we have to live entire generations with laws designed by previous ones. There's an expression that describes your attitude, it's "throwing the baby out with the bathwater." The thing about "the laws designed by previous [generations]" is that most of them are good, and the ones that aren't will eventually be abolished or modified, in a democratic society. > and trying to make it better The attempt is ignorant "disruption" that's repeating, word for word many of the long-solved mistakes of the past. If you want to make something better, you can't focus on the just problems of the current solution, but you also have to focus on all the problems the current solution already solved. To do otherwise is foolishness. [1] For example, https://en.wikipedia.org/wiki/International_Traffic_in_Arms_Regulations#Enforcement https://en.wikipedia.org/wiki/International_Traffic_in_Arms_... lists several instances.

conanbatt 9y ago
> I think you're confused about the differences between a law and a regulation. As I understand it, at least in the US context, regulations are rules specify the finer details of the implementation of a law. You can be jailed for the violation of a regulation [1]. Sure, but violating the regulation has no victim. If you sold lemonade on a stand in california, you would be breaking regulations but there is no victim that would ever sue you for damages. Regulations, at least in general, about preventing something from happening by restricting action. Legal action is about responsibility: if something happens you are going to be accountable for that which happened. Tether deserves a lawsuit on fraud, because they committed fraud. But we don't need the sec for that. > There's an expression that describes your attitude, it's "throwing the baby out with the bathwater." The thing about "the laws designed by previous [generations]" is that most of them are good, and the ones that aren't will eventually be abolished or modified, in a democratic society. Tell that to all the people doing 25+y for doing or dealing pot. They must agree with you! > For example, https://en.wikipedia.org/wiki/International_Traffic_in_Arms_.. https://en.wikipedia.org/wiki/International_Traffic_in_Arms_.... lists several instances. I'm no expert on arms dealing but isnt the US Gov the one that gives out the most weapons to radicals? I thought the US as a successful exporter of weapons..and certainly of violence! Don't miss the fact that regulation is excercised by people with the same incentives as anybody else, but with more power.
- Slansitartop 9y ago
  > Tell that to all the people doing 25+y for doing or dealing pot. They must agree with you! > I'm no expert on arms dealing but isnt the US Gov the one that gives out the most weapons to radicals? I thought the US as a successful exporter of weapons..and certainly of violence! I feel like you're just going for cheap points, but the thing is you don't even get those if you can't stay on topic. It's kinda pointless to talk with you if you keep running off on random tangents. Aren't we talking about financial regulation? Actually, I'm not even sure if there's anything to your comments beyond an emotional hostility to the concept of regulation or something represented by it, so maybe we're not even communicating at all.
  - conanbatt 9y ago
    I didnt bring guns and arms dealing into the debate, that was you. I mentioned the war on drugs as an example of old laws that would not be voted on today, and the argument of keeping them because they must be good is destroying lives today. The SEC is killing people today as well. Its barring most of the world on investing in the US on startups that could lift people out of poverty, increase quality of life and even help in fields like medicine, etc. And the ICO market is an example of how much demand for investment there is. The lesson is not that unregulated markets have scam artists and fraudsters, that we always knew, what is new is that the regulated market is silently opressing. And to add insult to injury, the most egregious cases of mis-regulation have made the regulators screw over the general population instead of the institutions they failed to regulate. On this very site ,most people can invest in the startups they read about everyday and work for everyday.
    - Slansitartop 9y ago
      > I mentioned the war on drugs as an example of old laws that would not be voted on today, and the argument of keeping them because they must be good is destroying lives today. You're arguing with a straw man of your own design. > The SEC is killing people today as well. Its barring most of the world on investing in the US on startups that could lift people out of poverty Jesus, that's the most ridiculous, hyperbolic thing I've read this month.

conanbatt 9y ago

> I think you're confused about the differences between a law and a regulation. As I understand it, at least in the US context, regulations are rules specify the finer details of the implementation of a law. You can be jailed for the violation of a regulation [1]. Sure, but violating the regulation has no victim. If you sold lemonade on a stand in california, you would be breaking regulations but there is no victim that would ever sue you for damages. Regulations, at least in general, about preventing something from happening by restricting action. Legal action is about responsibility: if something happens you are going to be accountable for that which happened. Tether deserves a lawsuit on fraud, because they committed fraud. But we don't need the sec for that. > There's an expression that describes your attitude, it's "throwing the baby out with the bathwater." The thing about "the laws designed by previous [generations]" is that most of them are good, and the ones that aren't will eventually be abolished or modified, in a democratic society. Tell that to all the people doing 25+y for doing or dealing pot. They must agree with you! > For example, https://en.wikipedia.org/wiki/International_Traffic_in_Arms_.. https://en.wikipedia.org/wiki/International_Traffic_in_Arms_.... lists several instances. I'm no expert on arms dealing but isnt the US Gov the one that gives out the most weapons to radicals? I thought the US as a successful exporter of weapons..and certainly of violence! Don't miss the fact that regulation is excercised by people with the same incentives as anybody else, but with more power.

Slansitartop 9y ago
> Tell that to all the people doing 25+y for doing or dealing pot. They must agree with you! > I'm no expert on arms dealing but isnt the US Gov the one that gives out the most weapons to radicals? I thought the US as a successful exporter of weapons..and certainly of violence! I feel like you're just going for cheap points, but the thing is you don't even get those if you can't stay on topic. It's kinda pointless to talk with you if you keep running off on random tangents. Aren't we talking about financial regulation? Actually, I'm not even sure if there's anything to your comments beyond an emotional hostility to the concept of regulation or something represented by it, so maybe we're not even communicating at all.
- conanbatt 9y ago
  I didnt bring guns and arms dealing into the debate, that was you. I mentioned the war on drugs as an example of old laws that would not be voted on today, and the argument of keeping them because they must be good is destroying lives today. The SEC is killing people today as well. Its barring most of the world on investing in the US on startups that could lift people out of poverty, increase quality of life and even help in fields like medicine, etc. And the ICO market is an example of how much demand for investment there is. The lesson is not that unregulated markets have scam artists and fraudsters, that we always knew, what is new is that the regulated market is silently opressing. And to add insult to injury, the most egregious cases of mis-regulation have made the regulators screw over the general population instead of the institutions they failed to regulate. On this very site ,most people can invest in the startups they read about everyday and work for everyday.
  - Slansitartop 9y ago
    > I mentioned the war on drugs as an example of old laws that would not be voted on today, and the argument of keeping them because they must be good is destroying lives today. You're arguing with a straw man of your own design. > The SEC is killing people today as well. Its barring most of the world on investing in the US on startups that could lift people out of poverty Jesus, that's the most ridiculous, hyperbolic thing I've read this month.