3 ms·
From the message board: "Folks, in the grown-up world, trades are unwound when the market malfunctions. --Jeff Garzik, bitcoin core dev team" In the grown-up
by haberman 15y ago
From the message board:
"Folks, in the grown-up world, trades are unwound when the market malfunctions. --Jeff Garzik, bitcoin core dev team"
In the grown-up world, currency is controlled by governments, the financial industry is regulated, and money cannot be transferred large distances anonymously. The whole sales pitch of BitCoin is that it is free of all this control. Invoking "the grown-up world" to describe BitCoin is absurd.
- perfunctory 15y ago> Invoking "the grown-up world" to describe BitCoin is absurd. So true.
- enneff 15y agoThis is an exchange issue, not a BitCoin issue. The exchange is entitled to behave however it wants. In fact, if it wants to remain profitable it should behave in a responsible, reliable way. In this case it means appeasing the majority of its users.
- danssig 15y agoThat's not how the market works. It's the few who win, not the many.
- icebraining 15y agoWhere exactly do you live? Many offshore banks offer privacy even against police authorities, and tax evasion reaches billions per year. The crackdown on that is fairly recent (5-10 years) and still very ineffective. The main reason why Bitcoin can't be considered grown-up is because there aren't guys like Soisson showing up dead.
- ashconnor 15y ago>Many offshore banks offer privacy even against police authorities No they don't. I think the FATF would have words with countries that allowed this to happen.