Except, if we already had protections to prevent this from happening, then it wouldn’t have happened… Or at least the FDIC would have actually stepped in by now to pay everyone back and track down all the funds themselves.

I’ve never looked into Blockchain Capital much before, some quick search results show that they have invested in BlueSky (not enough to own/run the company from what I could find), but I don’t see anything that associates them with nazis.

How are you defining nazis here? What leads you to believe that Blockchain Capital is a nazi company? What links are there from Steve Banon to Blockchain Capital?

Do you just call the owners of any company a Nazi? How are you defining Nazis here?
Judging by your upvotes I must be out of the loop on something here.

I tried to look into this claim and all I found was a CEO that’s also a software dev Jay Graber: https://en.wikipedia.org/wiki/Jay_Graber (Nothing controversial that I could find in her posts at a cursory glance)

A software dev that worked on XMPP (Jeremy Miller): https://en.wikipedia.org/wiki/Jeremie_Miller

And the CEO and founder of TechDirt (Mike Masnick): https://en.wikipedia.org/wiki/Mike_Masnick

Then it’s a good thing that no countries have pure capitalism for their economy.

We need regulation on corporations to keep them in check.

I think you’re confusing the word “corporate” with “capitalism”, they are not the same.

Edit: If you swap the word “capitalist” with “corporate” I completely agree with you.

Whether it’s “capitalist” or not doesn’t matter. You could have government owned/created apps that make dumb decisions as well.

At least with capitalism you have the option to go somewhere else when a dumb decision is made.

No one mentioned an alternative to capitalism and communism is the first that comes to mind.

Realistically what we have throughout the world (economically) is a mixture between capitalism and socialism. Some countries place more restrictions on corporations than other do. We already get that capitalism isn’t perfect, and I don’t think any realistically “perfect” systems exist.

So, if you’re going to make “capitalism is bad” comments, what are you proposing that is better than what most other countries are already using?

I’d be on board with it if we can show that it’s better.

Why does almost every post in Technology have some comment trying to bring up the “capitalism bad” topic in some way?
Are you trying to say that Communism would have done a better job?
We’ve already seen how that has played out a few times already.

This is why, in a lot of universities, they’re trying to teach you how to learn, not necessarily how you should think.

We need to be able to examine the claims for ourselves and learn what red flags look like.

And a lot of the time we mix up “facts” with “opinions”. Even when we are looking at facts, most of the time there are lies mixed with truth or conveniently forgotten truths. If we only get our information from a single source, or from biased sources, then we’re going to miss some key information.

That’s why it’s good to make sure that you look at any story (especially politicized ones) from different angles and sources even if you don’t agree with them.

Not only that but it can be enlightening to hear about a story from someone who’s much more intimately familiar with the subject themselves.

For example, whenever it comes to news stories about the Supreme Court, I like to look for commentary from lawyers such as Steve Lehto or Legal Eagle. You’ll find that they typically provide some very important context into why a particular decision was made that cuts through a lot of the outrage material that reporters push for clicks.