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Comment Re:Unregulated currency (Score 1) 704 704

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:My congressman will be getting a call today. (Score 1) 362 362

The NSA has successfully stopped several domestic terrorist attacks

I have seen zero proof of this outside of "trust us, we're the government". No, I don't. Especially after all the bald faced lying they've been doing. I mean, something, anything, redact 2/3 words...

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

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) 141 141

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.

"There is such a fine line between genius and stupidity." - David St. Hubbins, "Spinal Tap"

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