Quote from: Come-from-Beyond on April 15, 2016, 03:26:36 PM

Quote from: TPTB_need_war on April 15, 2016, 02:36:51 PM

Quote from: From Above on April 15, 2016, 01:38:43 PM

wait a sec shelby. shouldnt this be the job of the US non-accredited investors to decide what they can or cant do.

Originally I supported this perspective, which also seems to be supported by the actual history of the blueksky laws in the USA:

http://digitalcommons.law.yale.edu/cgi/viewcontent.cgi?article=2679&context=fss_papers

What changed my mind is the altcoin arena has turned totally away from any sane decentralized designs to the proof-of-shit/stake designs which are really just MLM investment scams in disguise that prey on the gambling instinct in humans.

It is regressing the progress of our technologies, not advancing them.

More abstractly, you are essentially arguing that every member of society is an island and can protect him/herself from every threat alone.

Shouldn't it be the job of every citizen of a nation to defend themselves against a nuclear bomb using their handgun.

The reason the USA protects the little man from his own gambling instinct is because it is known to be an impoverishing addiction that leads to deleterious outcomes for society. Whether it didn't entirely come about for that reason, the public seems to support the regulation of gambling.

My more abstract generative essence statement on regulation is as follows. Any market which is not self-regulating, i.e. which is dysfunctional and not behaving as a free market, will end up regulated by special interests. My definition of "free market" is decentralized market. So the reason the altcoin market is not decentralized and is dysfunctional, is because of asymmetric information. The speculators entirely lack the ability to understand the technobabble. They entirely rely on a few "experts" to guide them. And thus the market does not function. It regresses.

What a pile of bull shit. Laws related to finances have only one real purpose - to help banksters to keep the current status quo. Of course, lawmakers pretend they work hard to protect us against terrorists/pedophiles/immigrants. There are only few people here who believes them.

You don't even comprehend what I wrote. It is far above your abstraction capacity.

When markets don't have decentralization (which in this case is centralized due to asymmetric information which is why only accredited or sophisticated investors are allowed because they have more motivation to become informed and have proven they will do their DD), then those effectively centralized markets WILL BE INEVITABLY regulated/captured by special interests. It is an inevitable outcome of the lack of a free market due to centralization (in this case asymmetry of information is a form of centralization of the market). Thus the market can't anneal to productive investment, due to the lack of decentralized decision making (e.g. all the fools rely on the information from a few "experts" who manipulate them).

And you forgot to point out that you are one of the special interests who are milking the fools and just as culpable as the banksters you try to deflect their attention to.

You are pretending you are the good car salesman and the banksters are the bad car salesmen. Nice one! Wink

Quote from: http://outofyourrut.com/never-go-into-a-car-dealership-alone/

Youll be greeted by a friendly sales personand if hes any good at what he does, hes also personable and disarming.

What follows is a classic episode of the good-cop-bad-cop game with your salesman pretending to be arguing for you. I say pretending because the manager and your salesman work for the same organization, are both on commission, and both stand to benefit from you paying a higher price. Theyre on the same side, get it?

This sad comedy plays out several times during the negotiations with the salesman conducting a physically impressive begging routine, while his manager makes exaggerated side to side motions with his face as if to say definitely notall playing out in a corner office with glass walls so you can see the drama unfold inside. Finally, after your salesman has done all he can, the manager makes a quick guest appearance to deliver the let-me-give-you-our-bottom-line speech.