Quote from: gog1 on February 28, 2014, 09:27:45 PM

Quote from: QuestionAuthority on February 28, 2014, 08:55:21 PM

Quote from: waxwing on February 28, 2014, 08:48:40 PM

Quote from: QuestionAuthority on February 28, 2014, 07:07:21 PM

It amazes me that people don't realize that the crooks in any society or financial arrangement are the business owners not the individuals. Think about all the businesses that have fucked you over in your life. I can name three without giving it much thought (Best Buy, Albertsons and PayPal). Then think of all the individual people that have fucked you over as an adult. I can think of one and he was family (never loan money to family). Businesses by their very design are out to take as much money from you as they can. Bitcoin just gives them an easier way to do that by allowing them to hide behind legal obscurity. Gox is going to do what so many businesses have done in the past and hide behind bankruptcy laws. The reason mainstream financial institutions, like banks, have government protections, like the FDIC, is because their mistakes fuck over so many individuals that people cry for a solution. Libtards forget that those protections are there because people need them, want them and demand them. Pirate@40 fucked over a bunch of people and the first thing they did was run to the government to fix it. I'd like to feel sorry for your loss but that's impossible because you did it to yourself by trusting an unregulated business with your money. Regulations may not always work but at least they provide some incentive to business owners to at least contact you back and try to fix it before you tattle on them.

Again, you are focusing on proximate causes not ultimate causes. The ultimate cause for the corruption you perceive in large businesses is exactly the same cause for the corruption seen in governments by others - centralization.

And even when the businesses themselves are not corrupt, the external crooks are attracted to them for the same reason - concentration of wealth and power.

Of course, that's why you regulate them to death and insure the results. Insurance goes a long way toward solving problems. Centralization isn't a dirty word. Society is centralized. We live together, play together, fuck each other, have babies and start the cycle over again. We don't live in caves 50 miles apart anymore. Even an organization as small as a nuclear family has regulations governing everyone's role in the organization and punitive actions for misbehavior.

no more insurance, you have insurance fraud and stuff. I like the idea of a free-for-all, everyone being cynical and protect their own interest, that's how capitalism works.

It's fun to ponder the notion of anarchy (free-for-all) when you imagine things going in your favor, like freely doing something that's currently illegal but you want to do it anyway. Things go south when someone else gets to do anything they want to do and it hurts me. I like living in a society where I can accidentally scratch someone's car with my car and they don't have the right to bash my brains in with a baseball bat because they're pissed. I much prefer going home in one piece and letting the insurance companies work it out.