Hacker News Reader

Comment by bananapub | Hacker News Reader

cryptocurrency fans probably don't like it, since they are the ones going to be robbed and also have to listen to their friends complain about them encouraging them to be robbed, too.

the cryptocurrency industry love it and paid for it because it allows them to do unlimited crime against others with no consequences.

this isn't just a This Term Of Trump problem, either - letting these sociopaths get even richer now means they'll form a new layer of poison in the financial system for decades to come and have enormous influence regulation and politics.

View on HN

I’m not clear the distinction you’re making. Doesn’t coin base make more money is people think Crypto is real? Like rug pulls are relatively small potatoes for the big banks who could be making billions on fees if crypto is legitimized, I might even assume the opposite low level crypto fans or maybe better put “influencers” want to do unlimited crimes but the “industry” wants reasonable regulation.

>unlimited crime against others with no consequences

At present I will acknowledge one great obligation to it, that is the Chapter sixth—of money page 21st “When these denominations are admitted & employed in transactions to diminish the quantity of metal to which they answer by an alteration of the real coins, is to steal, a theft of greater magnitude & still more ruinous is the making of paper. It is greater because in this money there is absolutely no real value. It is more ruinous because by its gradual depreciation during all the time of its existence it produces the effect which would be produced by an infinity of successive deteriorations of the coin.” That is to say an infinity of successive felonious larcenies. If this is true as I believe it is we Americans are the most thievish people that ever existed, we have been stealing from each other for an hundred & fifty years. If anything like health remains to me, you shall hear more upon this subject from your friend & humble servant.

-- John Adams

Reply on news.ycombinator.com