Re: My bank account's got robbed by European Commission. Over 700k is lost.
That is not capitalism, it is fascism or socialism or, as someone said above, crony capitalism:
Capitalism is a social system based on the principle of individual rights. Politically, it is the system of laissez-faire (freedom). Legally it is a system of objective laws (rule of law as opposed to rule of man). Economically, when such freedom is applied to the sphere of production its result is the free-market.
-- http://capitalism.org
Capitalism is a social system based on the principle of individual rights. Politically, it is the system of laissez-faire (freedom). Legally it is a system of objective laws (rule of law as opposed to rule of man). Economically, when such freedom is applied to the sphere of production its result is the free-market.
-- http://capitalism.org
I heard true capitalism died in December 1913 in the US
Now, european planned economy is more close to fascism.
Are you still running your business now? How big was the hit from this fiasco to your business?
It was mentioned earlier in the thread. From what I remember, he had to downsize a lot, sold a lot of Bitcoins to recoup losses and moved his business away to try pick up the pieces and try start again. He had a huge stage of Bitcoins; The operative word is had I'd imagine.
I can not imagine having to start again after losing that much, sad thing is for most small/medium business' that would of been the end of them. Having access to cash out his Bitcoins was all that could save the business.