55 karma · joined August 17, 2017
This is such a teriffic argument. The mafia also employs people. If a company that employs people that earns money with fraud, not by doing anything productive goes bankrupt, that just means that those people will now have to work for a company that does do something productive, which is a good thing.
Preventing stuff like this is essential to a working stock market. How can anyone invest in any company, if he has to fear that the companies assets he supposedly owns a share of, are given away in exchange for buying stock, so that the managers can get a bonus for the rising stock price, instead of the company getting raided and the managers replaced with better ones?
There's no detail about the other cases, but at least in this case it's clear that there's no dichotomy at all between the UK's economic interest, jobs, the free market and ethics, but rather between those things and the upper management of a single company.
> Bankers who manipulate markets ought to be charged, he said, but “simply ratcheting up ever-larger fines that just penalize shareholders, erode capital reserves, and diminish the lending potential of the economy is not, in the end, a long-term answer.”
"penalize shareholders" Shareholders are supposed to invest in sound businesses. There's nothing wrong with them being "penalized" by fines, anymore then there's anything wrong with them being "penalized" if a companies new product fails.
Was this because he sent his coins to a paper wallet that the seller generated for him? I would be impressed if someone had actually managed to produce a fake trezor, but even then, it's pretty straightforward not to buy them on ebay.
What's the point of having nuclear weapons and not telling everyone? The entire point of nuclear weapons is to deter attacks.
It would be inconsistent to say: If you do something in the employment of a corporation you have same duties as anyone who acts on his own, but none of the rights.
Yes.
> If you're in a country where doxxing is legal, should the victims not be able to do anything against it?
No.
That's an extraordinary theory of international law. By that logic Austria and Namibia also have jurisdiction.
Huh? That's not what inefficiency means. It means that an asset costs more (or less) then it's worth.
A private blockchain is just an inefficient databse.
"which is nevertheless very effectively backed by the government’s universal tendency to require said paper money for taxes, not to mention the inconvenient fact that if societal trust erodes sufficiently for paper money to lose its value, it’s highly unlikely an arbitrary string of ones and zeros in an arbitrary hard disk somewhere would fare much better"
I've never seen the argument made that paper money is going to lose it's value because societal trust erodes, it is losing it's value because people keep printing more of it. So yeah, I think Bitcoin already does fare better.
> For Uber, that would create extra demand at the airport, which meant it could charge more—but this would probably cause a backlash. That had happened before when the company let its “surge pricing” algorithms do their thing. So the New York managers decided to be good citizens and suspend surge pricing for the night.
> If the company wasn’t price gouging this time, maybe it was trying to break up the JFK strike.
That's actually the opposite of what disabling surge pricing does. It makes sure that drivers aren't paid enough to bother picking up passengers there, so it protects the strike.
People are idiots. Uber should start a campaign featuring polar bears cruising around or something (or maybe make fun of trump on their twitter account if they have to save money) instead of trying to fulfill the publics demands.