Quote from: RealBitcoin on January 15, 2017, 12:38:50 PM

Quote from: craked5 on January 15, 2017, 12:31:49 PM

Awesome. Absolutely awesome.
You know another time where there was no or really low regulation?
1929.
No rule about wages.
No rule about employment.
You could do whatever you wanted however you wanted.

Ever read the grapes of wrath?
Cause that wasn't exactly a no unemployment world...

Oh really? So just all regulations went out the window. And you give me an example of the biggest financial crash when all properties prices went down due to stock market overleveraging, caused by a central bank controlled financial system.

A central bank with nearly 0 regulation yes indeed.
They had to report to no one and no one controlled their activity.
As for the rating system which was completely uncontrolled.

Huge lack of regulation here I agree

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But guess what without central banks, there was no economic collapse. Because the economy was "decentralized".

Claiming "if there was not that, it wouldn't have collapsed" isn't really an argument you understand that no?

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That is right, once you centralize something, you have a command & control economy. And if those people at the top fuck up, then you are all fucked.

Unless the bottom has a control on the top. This is the concept of democracy, problem is there isn't a single real democracy in the world, Switzerland is what's closer to a democracy but even Switzerland isn't a democracy. USA, and whole Europe are oligarchies.

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That is why a decentralized economy is better, because it doesnt depend on a few people doing the right thing. Everyone can participate.

Which is also the case in a centralized democracy.
And you do realize that decentralized doesn't mean deregulated don't you?
I mean, those are really two different things...

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But you are probably a socialist, so I am just wasting my time arguing with you.

What are you doing in Bitcoin, if you believe the fully regulated financial system is perfect for you?

Oh ok no you don't understand the difference it seems...
Regulation isn't centralization.
You do realize that Bitcoin is heavily regulated right? I mean it's FAR more regulated than the normal economy... And that's also why I love it.

Please look up a dictionary, look for the definitions of those 2 words then come back and we might discuss again.