Quote from: dexX7 on September 30, 2013, 10:32:14 PM

I don't like your attiude.

You dont have to

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Instead of attacking those who seemingly got sucked in, you should focus your energy on starting an investigation into the man behind - Alberto Armandi.

This thread is over a year old, there is nothing left to investigate, I think the facts about Alberto are pretty clear.

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And I don't like your attitude quoting SEC texts. This whole gives us the chance to form something new, something better.

You dont like the law being quoted? You think its a better idea to pretend laws dont exist or dont apply - until someone ends up in jail? Personally Im getting very tired of people thinking and claiming that because something is related to bitcoin that its all legal and anything goes.

As for creating something better, Im all for better, and bitcoin certainly can make some things better, but Im very unconvinced by the bitcoin experiment showing just how much better a (perceived) regulatory vacuum is. To quote myself from another post:

OT, but I find it fascinating that time after time, this bitcoin experiment shows us the usefulness of so many existing regulations that die hard libertarians love to hate. Things like registering a security, so that potential investors know all the relevant facts about the people and the business they are investing in. Rules against insider trading and stock manipulation as hinted at above, and disclosure requirements that would force labcoin to come clean about the actual status of their business making this more an investment than a lottery. The need for an organisation that verifies and enforces this, since you cant trust the exchanges, let alone the issuers. We already learned what happens when you allow ponzi schemes (pirate) or known felons to play 'bank' (mybitcoin). BFL customers are finding out that FTC rules about shipping delays and refunds perhaps arent so daft. Heck, they are even learning that evil old Paypal has its uses too.

Many libertarians were or are convinced bitcoin would show just how good a totally free market can work. Its showing me the exact opposite: t doesnt work without some sensible regulation, it becomes a scammer's and gamblers paradise, not a functional economy.

Im sure many will disagree, and thats fine. But its hard to disagree with the legal realities. You may chose to ignore them, but that doesnt change them. If you are going to ignore them at least do it with your eyes open.