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Cash 4 gold stores exist now (and are everywhere in cities). Penny stocks exist now. Where is the deluge of poverty stricken elders? This idea that the governme
by darawk 9y ago
Cash 4 gold stores exist now (and are everywhere in cities). Penny stocks exist now. Where is the deluge of poverty stricken elders? This idea that the government needs to protect people from these things just isn't borne out by evidence. If there are no regulations, will there be scams? Yes, absolutely. And that's ok. Sometimes people will get scammed. Culture will adapt to educate people about it.
- vertex-four 9y agoYou're entirely misreading my comment. Yes, cash4gold stores exist now, no, they don't push penny stocks or ICOs on people, as much as they (and CEX, BrightHouse, etc) would no doubt like to. There's nowhere on the high street you can go to be told that you should be buying penny stocks - and there would be without regulation restricting them from doing so. And it'd all work wonderfully until it didn't. Gambling establishments are properly labelled and regulated as such for a reason. In the EU, there are a lot of regulations around marketing securities to inexperienced investors, and if you screw up, you are liable.