Archive for the ‘Regulation’ Category

Should Bitcoin Be Legal?

Should Bitcoin Be Legal?Should Bitcoin be legal? Governments seem unwilling to take a stand, and with good reason: a premature attack in this arena could be a huge misstep.

Do you remember Napster? The government aimed all its might at the online file-sharing network, ultimately forcing it to shut down in 2001. Perhaps regulators and law-enforcement — in all of their wisdom — believed they were doing a good thing when they pursued legal action against Napster. But in reality, the hasty reaction had a clear unintended consequence — creating a proverbial hydra. Read On…

The God Complex: A Permanent Ban on Financial Derivatives

The God Complex: A Permanent Ban on Financial Derivatives“Knowing a great deal is not the same as being smart; intelligence is not information alone but also judgment, the manner in which information is collected and used” — Dr. Carl Sagan

A surprising number of people in the world today believe society should create a permanent ban on financial derivatives — claiming they are nothing more than gambling instruments, whose only function is to deprive innocent and uninitiated investors of their hard-earned money. And then there are those who know better. Read On…