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Thing is, no bank or brokerage account exists in the absence of regulation or enforcement. So it really is peculiar to cryptocurrencies, even if it is not a log
by obstinate 9y ago
Thing is, no bank or brokerage account exists in the absence of regulation or enforcement. So it really is peculiar to cryptocurrencies, even if it is not a logically necessary feature of that system.
- tootie 9y agoThe currency is supposed to be secure from snooping which precludes strong oversight. But at the same time, the asset manager is able to just loot all his depositors at will with no repercussions.