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by bgarbiak 3037 days ago
> Why? Should I then expect the government to bail me out after I lose all of my money in blackjack, provided that sufficient amount of people do the same.

Well, if the issue grows to such a great scale then bailing people out saves the society, and the economy, from collapsing.

We can argue about the methods, but, well, I guess it's noble that the gov/bank tries to warn people about the dangers of cryptocurrencies. If you look at any crisis around the world the central banks usually turned a blind eye. Then it ended with bailouts and defaults. So, better to act before, than after.

1 comments

It wouldn't collapse for those that did not gamble, why should they pick up the tab? What later stops the gamblers from gambling again once the non-gambles pay off their debt, other than outright ban of gambling. Then replace 'gambling' with any voluntary risk vs gain activity.