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Look people. In the world we live in in 2014, financial regulation is low and headed downwards. Scams are high and rising. Even in traditional banking indust
by jellicle 13y ago
Look people. In the world we live in in 2014, financial regulation is low and headed downwards. Scams are high and rising. Even in traditional banking industries denominated in dollars, there is no appetite from government (I will not here go into the reasons) for punishing wrongdoers. Accordingly, people are behaving rationally and ramping up their cheating and fraud.
In non-traditional industries not denominated in dollars, there is even less appetite for punishing cheaters and scammers.
Every bitcoin business is a fraud. Every one. There is no one who is planning to do anything except steal as much money as fast as they can, and then use the stolen funds to pay some lawyers to "negotiate" if the government shows any interest at all, which is unlikely. Just tell your lawyer to claim "we were hacked, we're a victim too". No one can prove that isn't true.
For anyone who is ethically-challenged, this is a great business to get into.
Watching internet libertarians run smack into an entire industry that seems specifically designed to liberate them from their life savings - with no recourse - is fucking hilarious.
There are going to be a lot more people wondering where their tulip-wealth went. The answer - safely into someone else's swiss bank account - is not going to please them.
Anyone want to start a betting pool on when the first bitcoin-related death will be? The first bitcoin-bankrupt person assaulting a scammer, or something like that?