RE: BITCOIN IS A SCAM - Your Daily Hash - 9/13/17

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BITCOIN IS A SCAM - Your Daily Hash - 9/13/17

in bitcoin •  7 years ago 

Oh, but it'll happen. Probably in less than a decade. Not saying that I want such a thing, mind you, but I believe it will nonetheless. Pretty much all currencies are losing power, prices are soaring... this is bound to lead to financial turmoil.

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Hopefully, by the time that comes we'll be laughing at the banks.

Well, I, for one have a long way to go to achieve that, but at the very least I want them to lose some power and allowed to suffer the consequences of the market and actually fail, not be bailed out with our money without being accountable.

How do you prevent a bailout upon failure?

You let banks go bankrupt, like any other business. And force its fraudulent leaders to pay its clients forcefully, again, like any other business.

I meant how do we remove the ability for governments to bail banks out without rioting?

Sustained protests and class-action lawsuits. Rioting will do nothing but entitle the government to use force. This would only hinder your cause