I have no problem with this. Why are people so negative in the comments here? What's the alternative? To stop someone from creating their own currency? Why? I don't need a regulation to protect me. Neither does anyone else.
Apparently you seek some sort of regulation to stop people writing mean things.
Apparently questioning why people are being negative = seeking regulation to stop them? Come on man.
I am just not entirely convinced that when shit hits the fan people will quietly take responsibility for their actions.
Indeed I have, why not just take them over and reimburse their creditors instead?