Quote:
Originally Posted by VRPdommy
Let's see just how that works...
We De-regulated the savings and loans in the 80's... where are they now ?
We De-regulated the Banks in 1999 with the repeal of Glass-Steagall...
Took them only 8 years to trash the economy world wide. Don't laugh, you are still paying for it. You just don't know it.
We De-regulated the airlines in 1978, many went belly-up the rest merged into major players with major job losses and services to many cities lost. No competition to many routes.
We De-regulated the Electric Co's and in 6 short years, my electric bill doubles while I use 50% less electric. Soon to be much less with the use of solar.... unless the electric co's find a way to lobby to regulate me.
We De-regulated the the media in 1996 and now nobody can tell real news from just views.
But it did include regulation on the internet that has since been stripped away.
Yea... it's working great.
People are so easily convinced the government is bad and forget just why many of those regulation were put in place in the first place. It wasn't from good behavior.
|
Because I'm against government overreach doesn't mean I'm against government. I'm just against 90% of their shit.
I highly suggest you read 'Life after the state' and see just how great gov't interference & overreach has worked out historically, and how it continues to hinder us. Ofc, there's actually zero chance you will, so you carry on rolling over and having your tummy tickled, while some of us choose to find alternative ways of moving our money from A to B, and see how that same process can help literally billions of people globally.
My comment was more about the mindset that leads to thommy's myopic 'reasoning' that sees him post as if he has authority in every crypto thread, and with that in mind: Here's the funny thing: most on this board who are in crypto welcome regulation within it, it's inevitable, and not necessarily a bad thing. My point was, that people can be so blinded by their stance of having the gov't involved in everything, and their need for that, that they are unable to see crypto for what it is until said government(s) give them the nod.
Govt's WILL get involved heavily at some point, but to dismiss crypto based on a grandiose display of 'i know economics' in every fucking crypto thread is dumb as shit. 9 years in to a disruptive tech that hasn't even scratched the surface of what it can do, is used by something like 1% or some insanely low number, and the tech is still here, the usage is growing, and the naysayers are all screaming "it'll never catch on"... much like I did with mobile porn, much like blockbusters did about streaming video (anyone remember how utterly shit that was back in 2006 or so?), and much like everyone did about every bit of disruptive tech ever.
90% of it amounted to fuck all and faded away (betamax anyone), so literally the only thing going for the naysayers is the law of averages, and that's more akin to 'bitcoin will die' than 'crypto will die'.
There's a long list of arguments on both sides, but to 100% state as fact that cryto will fail (or succeed) because of an economics degree is so egotistical that I can't think of the words to convey what a jackass thommy is (in this context... I know he is the shit in other areas). The possibilities and opportunities with crypto are so far and wide reaching that only the closed minded and/or fearful would be jumping in every crypto thread to shout about the impending failure it will be, instead of seeing it for the opportunity it is, both on a personal financial level, and a hippy-type-make-the-world-a-better-place one by those with greater vision than anyone on this hate-filled negative shithole of a cesspool (sorry owners, I promise I did use to like this place) will ever have.
Uncertainty I get, ego-based horseshit spouted as gospel (hi again thommy) annoys the fuck out of me.