Quote from: kelsey on March 21, 2016, 11:04:16 PM

Quote from: TPTB_need_war on March 21, 2016, 05:18:55 PM

Having said that, philosophically I would wish for absolutely no regulation and let fools loose their money because they are fools. That should move the money to those who aren't fools and thus make the economy more productive.

big flaw in this is all those involved in ICOs are fools, so there is no redistribution of the money simply just fools passing it to fools.

Seems you missed my post refuting you before you wrote yours. Or perhaps you thought the ICO insiders concentrate wealth into their hands, but no they end up losing all the money to those who properly save and invest. Crime and fooling others doesn't pay. Trust me, every person with bad ethics ends up in the gutter eventually. I am 51 years old this June. I have the wisdom to see that cheating always eventually ends up biting the cheater's own ass. For example, these ICO insiders will very likely end up in trouble with the securities regulators ex post facto.

Even Goldman Sachs et al are going to lose everything eventually. The time is coming...

Keep your ethics strong but don't become a dogmatic preacher, and you will live a long and productive life.

Quote from: TPTB_need_war on March 21, 2016, 08:13:03 PM

Quote from: mining1 on March 21, 2016, 05:45:50 PM

Quote from: TPTB_need_war on March 21, 2016, 05:18:55 PM

That should move the money to those who aren't fools and thus make the economy more productive.

That doesnt mean the economy is more productive.Speculators/scamers for instance arent that useful for that purpose.And $ easy made is $ easy spent.

The power-law distribution of wealth insures that the money ends up with those who know how to save and invest[1].

[1] A. Dragulescu and V. Yakovenko. Exponential and power-law probability distributions of wealth and income in the United Kingdom and the United States