Anatomy of a cryptocurrency scam • Hacker News Board

Terr_ wrote: post #49

greentxt wrote: post #45

Earlier quoted context omitted.

Well, if the privatized version doesn't allow other people to take my money away from me at the point of a gun and give it to other people, using the state's proverbial "monopoly on violence" it doesnt seem like a very fair comparison. Apples and oranges. Maybe that was your implicit point?

> Well, if the privatized version doesn't [risk loss because of] the point of a gun Except it does . A soldier with a gun in your face can take your insurance payout just as easily as they can take your bank balance. With respect to a kleptocracy, neither option protects you. > take my money away from me Ah, this is the place where you've confused an apple for an orange: The premiums collected for "destitute in a dit…

Perhaps it is actually myself that's confused. I was not thinking in terms of "destitute in a ditch" money but rather the money that's currently being provided the the vast majority of American seniors. Sounds like you're talking SSI (dissbility) not social security (retirement). My bad.