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by smellelderberry 4503 days ago
Bailouts.
2 comments

So instead of the the people who knowingly took a risk in investing in a risky prospect suffering, taxpayers who took no such risks have to foot the bill instead? Great.
No no no, I meant a bailout by Saint Satoshi. He will return on the 13th day after the fall of Gox to reimburse all its users.
Bailouts, plus a regulatory apparatus making fraud and deception harder to get away with, plus criminal and civil liability for illegal financial activity.

But what's the state good for anyway?

By "civil liability," do you mean fining a company $10M for stealing $100B? And let's not pretend that bankers go to jail often.
I'd support if you mean "death by hanging in the public square" by criminal liability for illegal financial activity.

Make the corporation pay back every penny they got illegally, then hang the bastards high to set an example.