Linked by Thom Holwerda on Fri 17th Jun 2011 18:49 UTC
Privacy, Security, Encryption Oh boy, what do we make of this? We haven't paid that much attention to the whole thing as of yet, but with a recent public statement on why they do what they do, I think it's about time to address this thing. Yes, Lulz Security, the hacking group (or whatever they are) that's been causing quite a bit of amok on the web lately.
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RE[5]: The same Thom?
by Thom_Holwerda on Fri 17th Jun 2011 20:25 UTC in reply to "RE[4]: The same Thom?"
Thom_Holwerda
Member since:
2005-06-29

Okay then. Give me an example of an unregulated market.

Reply Parent Score: 1

RE[6]: The same Thom?
by umccullough on Fri 17th Jun 2011 20:34 in reply to "RE[5]: The same Thom?"
umccullough Member since:
2006-01-26

Okay then. Give me an example of an unregulated market.


Bitcoin?

I dunno actually, but it's been in the news a lot, so I had to say it ;)

Reply Parent Score: 2

RE[6]: The same Thom?
by Berend de Boer on Fri 17th Jun 2011 20:37 in reply to "RE[5]: The same Thom?"
Berend de Boer Member since:
2005-10-19

The internet used to be unregulated Thom. You even didn't have to pay sales tax on the internet. It's still mostly unregulated. But it won't be for long.

May I just point out that the most regulated markets, the financial markets, are in the deepest crisis?

Reply Parent Score: 1

RE[7]: The same Thom?
by Thom_Holwerda on Fri 17th Jun 2011 20:48 in reply to "RE[6]: The same Thom?"
Thom_Holwerda Member since:
2005-06-29

May I just point out that the most regulated markets, the financial markets, are in the deepest crisis?


May I point out that the financial crisis was caused by people who abused their freedom at the expense of us ordinary folk?

Reply Parent Score: 5

RE[7]: The same Thom?
by tylerdurden on Sat 18th Jun 2011 00:42 in reply to "RE[6]: The same Thom?"
tylerdurden Member since:
2009-03-17


May I just point out that the most regulated markets, the financial markets, are in the deepest crisis?


You mean like the billions (or maybe trillions) in unregulated derivatives at the heart of the current economic crisis?

Edited 2011-06-18 00:43 UTC

Reply Parent Score: 5

RE[6]: The same Thom?
by Bill Shooter of Bul on Fri 17th Jun 2011 21:14 in reply to "RE[5]: The same Thom?"
Bill Shooter of Bul Member since:
2006-07-14

Somalia. No regulations there. A pirate's paradise, I hear.

Reply Parent Score: 3

RE[7]: The same Thom?
by Berend de Boer on Fri 17th Jun 2011 21:22 in reply to "RE[6]: The same Thom?"
Berend de Boer Member since:
2005-10-19

Governments have a monopoly on force. That's the difference between anarchy and a country with the rule of law.

Maybe that clears things up?

Really, you think the free market should decide if you can kill someone????? That is what the free market is about?

The free market is about non-coercive interactions between free people. Government regulation adds coercion here, forbidding certain interactions, outlawing certain firms (which the Dutch government just did, they outlawed "Klicksafe", probably Amazon's Whispernet, and probably more), and creating monopolies (remember Telecom companies used to be government monopolies).

Reply Parent Score: 1