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If your over-arching point is the legal system won't side with the RH users, I'm fine with that premise because I think "laws" are a meme, and the same powerful
by PKop 6y ago
If your over-arching point is the legal system won't side with the RH users, I'm fine with that premise because I think "laws" are a meme, and the same powerful institutions screwing over the traders who went against them are the same ones who not only influence how laws are written but also enforced.
I thought you were saying in principle their was no basis for users to feel wronged by RH. But this is silly, because you and I both know without a shadow of a doubt that RH shut down buys to protect the underwater hedge funds. It's obvious to anyone with a brain. And I'm confident it's obvious to you. And would be obvious to any judge, jury or lawyer. But does it matter that its true? No. Is there some legal basis that would encompass "you can't shut down trading to protect some hedge fund that you are connected with". I'm certain there is, but it probably won't matter. Because "the law" and "rule of law" is a meme. Power is what matters. And the sovereign power decides what the law is... average joe traders don't have the power and hedge funds and finance in this case do.
- slg 6y agoI wouldn't have used that exact phrasing, but yeah that is my general premise. "It is obvious" is an argument that might work on Reddit, Discord, Twitter, or HN, but there needs to be some bigger connection for the law to act rather than they did something shady that benefitted someone they have a connection with and that shouldn't be allowed. It is similar to a lot of the complaints in the wake of 2008. You can't just lock people up for seemingly unethical behavior. You need to find evidence that specific laws were broken. If no laws were broke we need to move on and create new laws to prevent it the next time.