Quote from: MonkeyBear68 on April 03, 2014, 11:16:06 PM

Quote from: dpb on April 03, 2014, 10:02:20 PM

Why do you suppose you have a right to invest without "spending large amounts of time on due diligence?"

Personal attacks aside, you have just proven my point. Investors will not each want to spend large amounts of time in order to personally vet each of the funds they are considering. This is when a trusted commission that carries out some basic vetting functions comes into play. Nobody is claiming investment is a right. What it comes down to though, is that people with the money or BTC to invest will stop doing so if they personally need to spend hours checking out the backgrounds of all that are involved in a new investment. A simple investor does not even have the power to get the required information to do so.

Even if you consider a running a simple criminal background check, your method implies that each investor should have to do this on their own. This is very inefficient as compared to having a central trusted commission do this vetting. You would have to be a f*cking moron to think otherwise. In the Libertarian world we would spend ALL our time doing trust checks on everyone else and nothing real would get done because everyone would be too busy with due diligence. This is when the big stick of the law comes in handy with a good smack across the arse of the scammers and anarchists!!

Actually in seeing how Libertarians operate I am beginning to think more and more that these anarchists simply want the ability to set up scams and go unpunished because they think there should be no law and that everyone should exercise due diligence on their own. From what has happened more and more in the Bitcoin world it is becoming apparent that:

LIBERTARIAN = SCAMMER!
ANARCHIST = SCAMMER!

As a C++ programmer, I still think that Bitcoin and the Blockchain are some of the greatest inventions in programming. I really hope that Bitcoin survives the filth that has been attracted to it from unsavory groups!!

A criminal background check would not expose most scammers; a lot of the "scams" perpetrated on this site started off as idiocy by the newly rich who don't necessarily have a criminal history.

Why can't the "trusted commission" be a private organization that charges new ventures for a vetting process? It's a false assumption that such services can only exist through the use of violence against our neighbors.

You do not understand libertarianism; your criticisms are based on ludicrous parodies. You should be embarrassed for parroting these talking points -- or stick to what you know: programming; you surely don't know much about the law.

dpb

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