It makes me happy.  Watching failure is watching people learn.  It's also a sort of automatic feedback system for putting them in their place, egos and all.  Once they lose almost all of that 46 BTC on a stupid FTC buy order, they've learned a lesson, and will refrain from making future stupid bets on brand new cryptocurrencies.

I'm rather against government authorities using their power for protecting people from their own stupidity.  Government should only be using their power for protecting people from other people's stupidity.  And those speaking out against putting alt-coins on exchanges that seem like pump n dump schemes remind me very much of the government when it makes laws that try to protect people from their own stupidity.