Re: New York Looks to Slap Digital Currency With Death Sentence
You missed sarcasm on the last part, and the tone of the whole post 
Sorry but a lot of people here really are that hard-headed or contrarian, that's why I didn't recognize the sarcasm.
From what we have seen in the last 12 months of crypto, we learned that corruption finds a place to rest its head no matter where. If you think crypto and altcoin/exchange scene is any less corrupt then wall street, you are really foolin yourself.
The only thing this says to me is you don't have much experience with Wall Street. Since they have been around for much longer and are in much greater numbers, they are much more efficient scammers than what goes on in this forum.
It's a fact that exchanges have been running empty for a long time and basically trading substantially above what they are capable of dispatching at any given time. Their duplicity makes lehman brothers and jp morgan look law abiding in comparison, if you consider the scale of the respective businesses and especially the time frame in which such corruption took root.
The entire cryptocurrency scene could be bought up by a medium-sized hedge fund. We are talking about a tiny sliver of market capitalization compared to Wall Street. You can put every single crypto exchange together and multiply their worth by 10 fold and still not approach the valuation of Lehman Brothers pre-collapse.
This is now a muti billion dollar economy set up in less then 5 years, with which people were essentially fleeced willingly of their money and fucked by their own child like view of what corruption is.
OK now you are trying to speak for everybody. I am currently sitting on a net BTC profit, so I don't know who you are talking about.
How many tens of hundreds of millions went with gox, crypto rush, and now mintpal?
Its just a tiny drop in the bucket compared to what is taken from the poor to feed to the rich on Wall Street on a daily basis.
How many scams and disappearing devs have we seen? How many pump and dump groups operating while dumping not just on the public but on each other? These fools will be prison meat in 3 weeks tops if regs come into play and they find out how easily their identities are going to be revealed to the world.
Why do we need additional "regs" to enforce pre-existing law? Theft is theft. We don't need new regulation, we simply apply the regulation we already have. Get it? No, of course not. You will never get it because for you getting it means admitting defeat.
You can feel good about 'sticking it to the man' while little whores like ryan kennedy are robbing you blind from behind their monitors for a sum far more then jp morgan did.
Really? You are saying there is a bigger thief on the planet than JP Morgan? Please, do go on...
If we have learned anything, it's that these cheeky 20 and 30 somethings with attitude need to check their place.
What I learned is old people just can't get it... It doesn't even matter how physically old you are. If you are mentally old, you won't get it.
One thing I do get is how young 20 to 30 somethings involved in bitcoin like you have very little idea of the true scale of corruption in this world, yet finds it convenient to blame wall st. It's very typical - almost cute. Just hope that bubble doesn't get burst by reality.
Also, you completely missed the idea behind my statement about scale of business in comparing crypto to wall st in terms of corruption. What it means is that you must consider the proportion of outright scams and quasi legal activities within their respective economies and the time length in which they had to implement such corruption, then compare the two entities and see where all that got you in terms of the naive 'we are pure and wall st is corrupt bitch moan bitch moan'.
The only difference is the fact that smart con men deceive others, while weak and inexperienced con deceives himself first. It's a pretty obvious path these kids take to rationalize their circumstances and actions - and being very honest here it's pretty damn childish.
Bottom line is, crypto has no business bitching about corruption of others anymore. You have conclusively proven that common people who claimed to be victims of 'ultimate corruption' in wall st are mainly motivated by the desire for themselves to be the big cheese, not because of any better purpose that they constantly mouth off about.