billyjoeallen
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billyjoeallen
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April 07, 2014, 04:43:48 AM

^^ exactly.

If you can see clearly the manipulation, what's the problem? nobody has any special advantages in a zero sum game.

Well before the SEC there were lots of things big traders were doing that eventually became illegal, but maybe your point still stands.

The SEC is worthless. They can be bought. Who regulates the regulators? The solutions are both technological and good ol' fashioned caveat emptor.  Reggie Middleton designed a way to trade stocks on the blockchain. I think the idea holds great promise.

I just don't get the gripes. If you think JP Morgan is artificially suppressing gold prices, then good! Buy gold at a discount. Just don't buy at a discount and then gripe that you may also have to sell at a discount. You can't have it both ways.

You think bitcoin price is artificially high? Then quit bitching and sell. or don't buy any. If you think it's artificially low then buy more. People are buying and selling based on information you don't have. They always have and always will. But maybe you have information they don't have. Nobody knows everything.

And the griping that rich people have disproportionate influence over your future is infantile. I'd rather have rich people with disproportionate influence than poor people. They are much worse.