Quote from: unclescrooge on August 23, 2012, 02:13:05 PM

Quote from: Piper67 on August 23, 2012, 01:56:43 PM

Quote from: Matthew N. Wright on August 23, 2012, 01:40:00 PM

Quote from: pauljr8 on August 23, 2012, 01:37:52 PM

Bitcoin should be able to stand on its own. Calling for governmental regulation and/or oversight is the typical knee-jerk reaction for people who feel or have been slighted in their business dealings. We have the talent and ability to overcome these problems before bringing widespread attention to what BTC is instead of what it could be. Government intrusion into any area of our lives always results in a loss of liberty and could make BTC too much trouble to deal with and has never protected anyone from those people of poor character. The entire USA was ripped off by the collusion of the US government and the financial sector. Government is not the answer; we are.

Damn good post.

Personally, I'm not against any and all forms of government intervention. But sadly I can't think of a single government in the world that has been able to legislate stupidity out of the population... so in the case it wouldn't have worked anyway.

And why would wanna legislate on the stupidity of people? Because you know better? You know that Pirate is a scam and those who invest in him are looser? Your line of reasonning is one of the main reason why governments fail everytime. Because of I-know-better-what-s-good-for-you people.

Actually the best solution against frivolous investments would be liberty, and its counterpart: responsibility.

Actually, yeah, on a number of fronts, I do know better. But as I said, though some have come close, no government has ever been able to wipe out stupidity.