TPTB can change the rules anytime they want

shady financier

member

Activity: 84

Merit: 10

etcetera

Quote from: blogospheroid on June 26, 2011, 10:10:00 AM

A good article on how the powers can change the rules anytime they want.

http://www.ft.com/intl/cms/s/0/0589a94e-9d9f-11e0-9a70-00144feabdc0.html#axzz1PkR7ySJH

So, the state of the CDS, a product created to specifically pay out when someone defaults, is in danger. When that someone is really too big to fail, they make sure that they change the rules. What a skewed system.

Compare this to the OPEN SOURCE of bitcoin. Anyone can read it.

Yes, that's why they're called The Powers That Be. What's your point?

frutza

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And maybe because we don't have a better alternative?

YoYa

hero member

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Always verify deals with me through my public key!

Quote from: hugolp on June 26, 2011, 10:50:47 AM

I really dont understand why anyone would trust the present financial system.

Because we are a captive audience.

hugolp

legendary

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Radix-The Decentralized Finance Protocol

I really dont understand why anyone would trust the present financial system.

blogospheroid

full member

Activity: 133

Merit: 100

A good article on how the powers can change the rules anytime they want.

http://www.ft.com/intl/cms/s/0/0589a94e-9d9f-11e0-9a70-00144feabdc0.html#axzz1PkR7ySJH

So, the state of the CDS, a product created to specifically pay out when someone defaults, is in danger. When that someone is really too big to fail, they make sure that they change the rules. What a skewed system.

Compare this to the OPEN SOURCE of bitcoin. Anyone can read it.

Topic: TPTB can change the rules anytime they want (Read 1353 times)