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Comment: Re:Unregulated currency (Score 1) 704

by Wahakalaka (#46397683) Attached to: Bitcoin Exchange Flexcoin Wiped Out By Theft
Is regulating the exchanges themselves such a deal breaker? Require security audits, books audits, etc. (depending on the host country) Exchanges are the biggest problem, and really the easiest to fix. If you don't like the enevitably higher costs at a regulated exchange, use a less regulated one at your own risk. Seems reasonable.

Comment: Re:Well, that was your mistake. (Score 1) 627

He may not (on purpose) have tons of cash, but he has 7% of the vote, in one poll, one debate, zero advertisements. 500 whackjobs * 7% = 3500% of the population. Elections should be about voters, not cash. In my perfect world, campaigning would be limited to large number of debates, and a rotating segment on pbs or c-span or some other public tv. No room for BS.

Comment: Re:To put it in undying words of Alan Greenspan (Score 2) 141

by Wahakalaka (#38916043) Attached to: Credit Suisse Traders Manipulated IT Systems To Hide $500m Losses
Why wouldn't they? If someone can run off with billions of dollars with (seemingly) no consequences, why wouldn't they? For how "brilliant" guys like Greenspan were supposed to have been, they seem frightfully naive in retrospect about basic human nature. The "market" can only punish misbehaving companies if there is complete transparency, which is a fantasy... obvious solution is to just hide what you're doing. They fail to realize that regulations (rules) are needed to protect a free market, just like laws and the constitution are needed to protect individual freedom. Without regulation there is not market freedom but market anarchy. Although in regard TFA what these traders did was always very against the law.

Machines certainly can solve problems, store information, correlate, and play games -- but not with pleasure. -- Leo Rosten

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