While you're correct that laws are created by the legislature the judiciary is where they are judged to be just. At least in systems based on English common law. Look up jury nullification for more info. Also, prosecutorial discretion is a thing. Basically if any law isn't enforced either through jury nullification and/or prosecutorial discretion then it is vestigial and should be amended or repealed.
IcePee
joined 1 year ago
I think the point is it's factually incorrect about the least significant fact.
That's quite a privileged point of view. Take a look at: https://en.wikipedia.org/wiki/Hyperinflation#Notable_hyperinflationary_periods. In the crypto world, this is the very definition of a pump and dump. Except the pumping in the fiat world is the money supply and a dumping is the value. As for scam coins, I disagree, the scam isn't usually the currency (we'll, not more than fiat) it may be created and used to facilitate a scam, but unless the creator programmed in a flaw that can be taken advantage of, it currency itself isn't the scam. And since scam creators are usually lazy, ignorant, or just optimising for returns, most of the code behind their coins have been forked from other, more legitimate crypto projects.
Sweet! Although I do wish they could expand the access, at least give read-write access even if it is only for that session.
While it's a bit off topic regarding the question, if you want a quick glimpse of what's out there, try https://distrosea.com/
What I am trying to get through to you is, just like how the LIBOR scandal doesn't implicate fiat, scammy crypto projects doesn't implicate crypto. My criticism of fiat is it's fundamental systemic weaknesses. It seems your criticism of crypto is it's used by scammers. A criticism that, incidentally can also be levied at fiat.
Big talk. But, the thing with stochastic terrorism is you don't know where the threat is coming from. It could be your neighbour, or the person across the street. It could be the person you pass on your way to work, or the shops. They could come in singles or in multitudes. Personally, I don't blame the officials for not wanting any part of it.
The main difference between these "shit coins" and fiat is once the shit coin scammers eventually pull the rug, they cannot just print more of that coin. Fiat scammers can just print more of that currency.
But in both situations one does need to look at the economics of the coins, and the priors of the people in control.
I think I didn't make myself clear. When I said "by volume" I meant was the amount of value the different systems hold and the amount of if not outright fraud, negative aspects of the systems. The fiat money systems' money supply has a fundamental weakness, it can be created out of thin air so is constantly loosing value. Think of all the investment vehicles or other assets that tie themselves to this loosing value asset. Trillions in USD. And what's it all backed by? Ultimately guns. Well most crypto currency is backed by maths and no matter how many guns you point at it, you cannot make 2+2= anything other than 4.
Ha ha. 15. Rage Against The Machine. Having visions of Trump arriving at the podium along with Killing In The Name
At the level of individual acts congress has no legal power due to the separation of powers. However, congress is sovereign and has the absolute power to make, modify and discard any law it chooses to as long as it's constitutional (and they can amend that). This kind of power means that they have extra judicial influence and threats have real weight.
I don't know it seems to me that Israel is dragging the US into a very destructive regional war between two nuclear nations. Once you light that touch paper, who knows where that will lead.