Quote from: AntiVigilante on May 21, 2011, 04:32:25 PM

Letting the market it handle is a contradiction. We are the market so let's handle it.

We didn't wait until Deepbit actually had problems from double spending. Soon as it hit near 50% people moved their work load elsewhere.

Why is it people still think the market is some White Knight who slaps you around a few times? It's just the collective entropy that we fail to adjust for. The more ignorant we are or the more irresponsible we are the harder we all get hit.

The market is the collective paranoia of all of us. It can either see the dead canary and run before the gas hits, or it can wait for the first dead body at which point you have a stampede of miners market forcing each other to death. Hurray for balance! Who cares about the funerals?

WE.ARE.THE.FUCKING.MARKET.

+1

The market as "someone else, over there" approach is hands-off and void of any responsibility/control. It's the position of the observer and exactly the reason we have our current economic woes (to varying degrees based upon location). Of course, we got into that situation before the internet was around.