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Comment Re:Trickle out theory (Score 1) 78

"If the blockchain is the final arbiter of ownership, is this really theft. "

That "if" is covering up the antecedent question you should be asking: is a blockchain a final arbiter of ownership? Blockchains provide decentralized ledgers. They say nothing about what happened before the entry is made.

Access is not a synonym of authorization.

Comment Re:Why does such a level of notability really matt (Score 2) 49

"Why does Wikipedia care so much about notability?"

Lack of notability leads to lack of observation. Wikipedia depends on a premise similar to open source software: that given enough eyeballs, all citation errors are shallow. If an article for a notable person is altered, it won't be long before someone spots something odd, goes through to the cited source to see that the change is not supported by the source, and then reverts the change. If that happens on an article with low notability, it provides a means for citogenesis.

Comment Re:Why does such a level of notability really matt (Score 1) 49

I used to contribute regularly to Wikipedia and spent many hours editing articles each week.

The deletionists ended that.

Too much of my work was being deleted for stupid, arbitrary reasons.

If someone is willing to spend hours writing an article about Trudaeu's son, then it's reasonable to assume others are interested in reading it. Even if no one reads it, it does no harm by existing.

The deletions need to stop.

Comment This is how ... (Score 3, Informative) 50

... the markets got into trouble in 2007-2009. CDOs and CDSs became "artificial" and it became possible to go long or short a security that really didn't exist. Add that to the creation of "naked" credit default swaps (CDS) and more money was being bet (in the end, shorted) on things than the face value of the things themselves. Naked CDSs are pretty much gamblers bets. Because you aren't buying them to protect an asset that you have. And gambling commissions are much better placed to keep an eye on such markets. And whether a game gets thrown if too many bets are placed against it.

It's like me (and all your other neighbors) buying fire insurance on your house. When there's more money to be made by your house burning down, the invisible hand of the market moves so as to make that happen.

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