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.
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
Hopefully, by the time that comes we'll be laughing at the banks.
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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.
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How do you prevent a bailout upon failure?
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You let banks go bankrupt, like any other business. And force its fraudulent leaders to pay its clients forcefully, again, like any other business.
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I meant how do we remove the ability for governments to bail banks out without rioting?
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Sustained protests and class-action lawsuits. Rioting will do nothing but entitle the government to use force. This would only hinder your cause
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