Quote from: kraterion on December 30, 2017, 03:48:56 PM

Quote from: mindrust on December 30, 2017, 03:17:22 PM

Quote from: trust.no.one on December 30, 2017, 02:58:05 PM

No capitalism is not about decentralization. Capitalism has a number of bad and useless definitions, useful only for its attackers who want to dominate markets themselves, but the primary essence of real capitalism is voluntary exchange with a lack of coercion. Centralization happens everywhere, even in capitalist systems, and in the absence of state interventionism like bank bailouts, too much centralization can in fact lead to the downfall of firms which get too large and therefore too bureaucratic and inefficient. That's what used to be called creative destruction and it was great. Now the government just picks winners and losers. This fear of giant monopolistic firms overrunning markets has never happened, except when the state made it happen, which is everywhere now.

Decentralized systems are honest. Everybody can see everything, can check anything and see if something is going wrong or not. Most importantly it runs itself. That's bitcoin.

Centralized systems are closed to the external eyes. You don't know what's inside and they can easily be turned into a scam. Without the central authority, there is nothing. That's ripple. Basically a cental bank.

That's true man, sadly bankers are winning this battle but not the war yet. Lol there are freakin 60Bb xrp locked up, what will happen if they release and sell, let's say 10B ?

It is so easy to just blame banks and pretend like everything is their fault. Bankers are just acting in their own self-interest, just like all of us. They play by the rules of the game. Yes maybe they break the laws, and they get slap on the wrist fines. Those are the real rules of the game. The laws are not.

Why don't you blame the state for encouraging bad bank behavior, for bailing them out, and giving them special privileges? Is it because it goes against your Marxist programming to worship government and blame everything on corporations?

Banking is one of the most regulated sectors of the economy. Why is it so fraudulent then? Is it because regulation is a fraud that destroys real capitalism by distorting free markets?

Why didn't people vote out all of congress after bailing out the banks? They're the real culprits here.

Or go even further, why don't you blame a population that enables the state? You get a society exactly as good as your culture deserves.

You can shunt all responsibility onto a small group of people who are more successful than you, but that will never get you anywhere.