5 ms·

The difference being Liberty Reserve minted physical coins that could be mistaken for U.S. currency.

ponow 5y ago
All investments require people to do their due diligence. That's no excuse to "forbid capitalist acts between consenting adults".
- mtoner23 5y ago
  Yes it is. We have decided that we have an obligation to protect people from themselves even if they do their due diligence.
  - andriesm 5y ago
    Have "we" ? I certainly didn't. Can I opt out of this "protection" racket please?
    - thrill 5y ago
      For a price.
    - AutumnCurtain 5y ago
      You could renounce your citizenship, which is your agreement to participate in the laws of the country, and you certainly should if you feel the deal isn't worth it
      - nybble41 5y ago
        First, they won't necessarily let you renounce your citizenship, if they decide they don't like your reason for doing it. More importantly, they won't allow it unless you first leave the country where you were born, which is not something anyone should be required to do, and you won't necessarily be permitted to ever return e.g. to see your family. And even if you did renounce your citizenship they'll still claim you owe them taxes, so it's a very expensive way to fail to solve the problem. There is no "agreement". They arbitrarily and unilaterally decide that you're a citizen, and impose their rules. If you're not a citizen they still impose their rules, but with even less regard for your natural rights.
  - throwawayay02 5y ago
    I want off this ride
    - ponow 5y ago
      Me too.
- deleted 5y ago
  [deleted]
nybble41 5y ago
The coins minted by Liberty Reserve were in fact clearly labeled with their brand and not at all likely to be mistaken for U.S. currency. Their web site, libertydollar.org, was imprinted on the back, and there was no claim of any official endorsement from the Federal Reserve. All U.S. coins in general circulation have "United States of America" around the perimeter on the reverse side, which was not present in the Liberty Dollar design. The Latin phrase "E Pluribus Unum" was also omitted. The obverse designs could be considered vaguely similar, in the sense that most coins share some similar elements, but that's just the word "liberty", the year, and a stylized profile of the Statue of Liberty (which is technically French)—not even a profile that could be mistaken for a U.S. president. If that's considered enough to cause confusion then the Federal Reserve is at least equally at fault for making their obverse designs so generic.

All investments require people to do their due diligence. That's no excuse to "forbid capitalist acts between consenting adults".

mtoner23 5y ago
Yes it is. We have decided that we have an obligation to protect people from themselves even if they do their due diligence.
- andriesm 5y ago
  Have "we" ? I certainly didn't. Can I opt out of this "protection" racket please?
  - thrill 5y ago
    For a price.
  - AutumnCurtain 5y ago
    You could renounce your citizenship, which is your agreement to participate in the laws of the country, and you certainly should if you feel the deal isn't worth it
    - nybble41 5y ago
      First, they won't necessarily let you renounce your citizenship, if they decide they don't like your reason for doing it. More importantly, they won't allow it unless you first leave the country where you were born, which is not something anyone should be required to do, and you won't necessarily be permitted to ever return e.g. to see your family. And even if you did renounce your citizenship they'll still claim you owe them taxes, so it's a very expensive way to fail to solve the problem. There is no "agreement". They arbitrarily and unilaterally decide that you're a citizen, and impose their rules. If you're not a citizen they still impose their rules, but with even less regard for your natural rights.
- throwawayay02 5y ago
  I want off this ride
  - ponow 5y ago
    Me too.
deleted 5y ago
[deleted]

nybble41 5y ago

The coins minted by Liberty Reserve were in fact clearly labeled with their brand and not at all likely to be mistaken for U.S. currency. Their web site, libertydollar.org, was imprinted on the back, and there was no claim of any official endorsement from the Federal Reserve. All U.S. coins in general circulation have "United States of America" around the perimeter on the reverse side, which was not present in the Liberty Dollar design. The Latin phrase "E Pluribus Unum" was also omitted. The obverse designs could be considered vaguely similar, in the sense that most coins share some similar elements, but that's just the word "liberty", the year, and a stylized profile of the Statue of Liberty (which is technically French)—not even a profile that could be mistaken for a U.S. president. If that's considered enough to cause confusion then the Federal Reserve is at least equally at fault for making their obverse designs so generic.