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RE: BITCOIN IS A SCAM - Your Daily Hash - 9/13/17
Whenever big banks or mainstream media criticise something, it's time to invest in that something. It most likely is the best thing to happen in its field.
Exactly. The fact that they are criticizing this means they see it as a threat. We're pushing decentralization agaisnt centralization . These are diametrically opposed belief systems. These attempts by the big banks to take down BTC should be expected .
Don't get me wrong, I'm not for total decentralisation, at least not in everything. But I sure as hell, see banks as one of the greatest cons of the world, and would like it them to kindly fuck off :p
And yeah, anything that threatens their dominion will be met with hostility, and that's my cue to invest in it.
Facts.
The last thing we need is another financial crisis.
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.
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.