[pjc50]

> think of that the next time someone contrasts bitcoin with the heavily regulated conventional banking system

Just watching the largest fraud trial in history unfold over at FTX.

Bitcoin deals with any and all questions of fraud by dumping them on the victim. No help and no recourse. Very libertarian, but of course routinely results in people losing life changing amounts of money.

[kragen]

there have been plenty of larger frauds and outright thefts in history (i'd point at our own sovereign default and mass confiscation of dollar bank accounts, respectively, in 02001), but the culprits were never brought to trial because they were the government

[pjc50]

> mass confiscation of dollar bank accounts, respectively, in 2001

Argentina?

[kragen]

yup