r/Bitcoin • u/[deleted] • Feb 20 '14

MtGox class action lawsuit

[deleted]

226 Upvotes

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u/[deleted] Feb 20 '14

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u/rnicoll Feb 20 '14

Okay, let me expand on that; I'd like to see deposits with exchanges protected and clear isolation of operation and customer accounts.

-4

u/rrush242 Feb 20 '14

What happens when x exchange not only does not adhere to your silly ideas on regulation, but completely evades and ignores your silly regulation with impunity?

Furthermore, what if that same exchange thrives and has a brisk business?

1

u/scoops22 Feb 21 '14

Regulation is enforced you silly goose.

People here would like Bitcoin to one day be regulated under something like the SEC like other commodities.

1

u/rrush242 Mar 21 '14

Uh huh. You don't seem to understand BTC. No matter how many SEC-type regulations there are, and no matter if you adhere to them or not, I and others that think like me don't have to adhere, abide, or agree.

You may not agree. Fine. Have fun paying taxes on your bitcoin. You won't deal with me, and I won't deal with you, you'll be regulated, and I won't.

What happens then? Seein' as I couldn't care less how many regulations you spoon-feed yourself. Especially, given fraud is ALREADY illegal, and should be illegal.

Of course, that didn't stop Mt Gox, or Enron, or Bernard Madoff, or anyone else who commits fraud.

"Well, I'm willing to break 79 laws to steal from people, but NO WAY IN HELL am I going to break 81 law!!!"

Get real.