4 ms·

"Mandatory disclosure, registration, and KYC requirements are all infringements on the right to privacy and free contract." No, they don't. This is like saying

"Mandatory disclosure, registration, and KYC requirements are all infringements on the right to privacy and free contract." No, they don't. This is like saying the 13th Amendment infringes on your right to sell yourself into slavery.

CryptoPunk 8y ago
Well the 13th amendment does deny you a right to sell yourself into slavery, so you're not substantiating your claim that these laws don't infringe on your right to privacy and free contract. In any case, that's an extremely dishonest comparison. In no way is spending money that your past self left to your present self however you wish (e.g. investing in a out-there idea called "Bit Coin" in 2010, instead of wasting it on state-run lotteries that the government advertises), comparable to selling your future self's freedom away. The latter violates the rights of someone who is arguably not you. The former violates no one's rights and should not be prohibited in a free society.
- s73v3r_ 8y ago
  "Well the 13th amendment does deny you a right to sell yourself into slavery, so you're not substantiating your claim that these laws don't infringe on your right to privacy and free contract." I'm saying your complaint is like that. Yes, it does prevent you from doing that. Nobody cares, however. Just like you are trying to complain that you are prevented from buying a security where you get absolutely no insight, knowledge, or reporting whatsoever. I just cannot take that complaint seriously at all, and any legitimate investment doesn't either.
  - CryptoPunk 8y ago
    You wrote: >>No, they don't. Now you admit that they do. So you're resorting to misleading rhetoric to try to blunt the common sense argument I'm making, which is that in a free society, no one has a moral right to tell someone else how they can spend their money. People should have more humility, and not assume their understanding of the world is so far superior to the common man's that they have a right to exert their will on the common man. The call for these types of regulatory restrictions appeals to shallow unthinking narcissism, and nothing more, which is why it needs to be supported with inappropriate and inflammatory comparisons to selling yourself into slavery.
    - s73v3r_ 8y ago
      You're not making a common sense argument. Your argument is literally that you're upset that you cannot buy into investments which give you absolutely no insight, information, or any kind of knowledge that would let you actually be able to make an informed decision. That is not common sense one bit, and is just as silly as complaining that you can't sell yourself into slavery. Nobody is going to take an argument like yours seriously.
      - CryptoPunk 8y ago
        It's common sense that a free society shouldn't restrict what someone can invest in. You have no idea what insights I have in a potential investment so please do not presume to know. I do not need or want the government to prohibit me from making an investment before it has had a chance to vet it. What you're advocating is illiberal and paternalistic, and your presumptions about the level of insight that goes into investment made into unregistered offerings are crude and baseless over-simplifications. >>Nobody is going to take an argument like yours seriously. That's not true and I don't believe you think it's true. You're literally comparing investing in a speculative instrument not vetted by a government agency with selling yourself into slavery to try to dull the appeal of my argument. If you thought no one would agree with me, you wouldn't be going to such extreme lengths to counter my claims. You would be comfortable letting them stand on their own merit.
        s73v3r_ 8y ago
        "You're literally comparing investing in a speculative instrument" Wrong. You're complaining about investments that give you absolutely no knowledge and no information about themselves, making you unable to make an informed decision. That's not even gambling, so don't try to call it investing. "If you thought no one would agree with me, you wouldn't be going to such extreme lengths to counter my claims. You would be comfortable letting them stand on their own merit." That line is absolutely false. If it had any merit whatsoever, this wouldn't be an internet forum.
        8y ago

CryptoPunk 8y ago

Well the 13th amendment does deny you a right to sell yourself into slavery, so you're not substantiating your claim that these laws don't infringe on your right to privacy and free contract. In any case, that's an extremely dishonest comparison. In no way is spending money that your past self left to your present self however you wish (e.g. investing in a out-there idea called "Bit Coin" in 2010, instead of wasting it on state-run lotteries that the government advertises), comparable to selling your future self's freedom away. The latter violates the rights of someone who is arguably not you. The former violates no one's rights and should not be prohibited in a free society.

s73v3r_ 8y ago
"Well the 13th amendment does deny you a right to sell yourself into slavery, so you're not substantiating your claim that these laws don't infringe on your right to privacy and free contract." I'm saying your complaint is like that. Yes, it does prevent you from doing that. Nobody cares, however. Just like you are trying to complain that you are prevented from buying a security where you get absolutely no insight, knowledge, or reporting whatsoever. I just cannot take that complaint seriously at all, and any legitimate investment doesn't either.
- CryptoPunk 8y ago
  You wrote: >>No, they don't. Now you admit that they do. So you're resorting to misleading rhetoric to try to blunt the common sense argument I'm making, which is that in a free society, no one has a moral right to tell someone else how they can spend their money. People should have more humility, and not assume their understanding of the world is so far superior to the common man's that they have a right to exert their will on the common man. The call for these types of regulatory restrictions appeals to shallow unthinking narcissism, and nothing more, which is why it needs to be supported with inappropriate and inflammatory comparisons to selling yourself into slavery.
  - s73v3r_ 8y ago
    You're not making a common sense argument. Your argument is literally that you're upset that you cannot buy into investments which give you absolutely no insight, information, or any kind of knowledge that would let you actually be able to make an informed decision. That is not common sense one bit, and is just as silly as complaining that you can't sell yourself into slavery. Nobody is going to take an argument like yours seriously.
    - CryptoPunk 8y ago
      It's common sense that a free society shouldn't restrict what someone can invest in. You have no idea what insights I have in a potential investment so please do not presume to know. I do not need or want the government to prohibit me from making an investment before it has had a chance to vet it. What you're advocating is illiberal and paternalistic, and your presumptions about the level of insight that goes into investment made into unregistered offerings are crude and baseless over-simplifications. >>Nobody is going to take an argument like yours seriously. That's not true and I don't believe you think it's true. You're literally comparing investing in a speculative instrument not vetted by a government agency with selling yourself into slavery to try to dull the appeal of my argument. If you thought no one would agree with me, you wouldn't be going to such extreme lengths to counter my claims. You would be comfortable letting them stand on their own merit.
      - s73v3r_ 8y ago
        "You're literally comparing investing in a speculative instrument" Wrong. You're complaining about investments that give you absolutely no knowledge and no information about themselves, making you unable to make an informed decision. That's not even gambling, so don't try to call it investing. "If you thought no one would agree with me, you wouldn't be going to such extreme lengths to counter my claims. You would be comfortable letting them stand on their own merit." That line is absolutely false. If it had any merit whatsoever, this wouldn't be an internet forum.
        8y ago