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.
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he does not hate regulation in general - he hates only the regulation on the issues he wants to make money with (btw. mafia hates that too)
this kind of guys simply do not understand where things going when they are not regulated.
in case of bitcoins and all this other kidgames it does not matter.
it is the same as poker or lottery. the winners get paid from the losers.
and if there are a few who won MUCH than there must be many who lost much - it is
quite simple.
bitcoin and co will not be able to cause an economy crisis - same as chips from sandīs casinos in las vegas canīt.
it will just make a few million 100 million people poorer and a few hundred thousand richer. because at the end of the day the money what went in and the money what went out will be REAL MONEY - and than they will love it. and sure not ALL money what was paid in will be paid out to the players because the "casino" made his part and all the fees what have been paid will be also reduced from the payout.
so the calculation is:
100% people paying 100% REAL MONEY in
this 100% will be reduced for fees
80% of the REAL MONEY will be paid out to 10% of the people
this is nothing else than a new form of gambling industry.
as long as many players are on the table the pot becomes bigger and when they leave
some players will have more some players lost all and some will have the same money as they had when they came and the pot will be empty.