On Thu, Apr 4, 2013 at 1:31 PM, Peter Petrakis <peter.petra...@gmail.com> wrote: >> I thought one of the big things about Bitcoin is that there is no >> "they", it's all peer-to-peer. Yes/no? > > stock exchanges are also peer to peer in a sense ...
No, they are not. They are centralized clearing houses. They're also subject to regulatory oversight. Those are not peers. A peer, by definition, is the same as the others. :) Peer-to-peer is two guys meeting on a street corner and saying "Hey, wanna buy some Bitcoins?" :) > It's classic market manipulation and it doesn't appear > that I can go to the SEC for relief. That would be my understanding. The crypto-anarchists[1] wanted a currency that was immune to government control. The SEC is part of the government. Seems pretty straight-forward to me. :) -- Ben [1] I do not use "anarchist" as a pejorative, but I do imply consequences. :) _______________________________________________ gnhlug-discuss mailing list gnhlug-discuss@mail.gnhlug.org http://mail.gnhlug.org/mailman/listinfo/gnhlug-discuss/
