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>The thing that sucks is, it was impossible to tell any of this was going on. A few months before the big collapse, I lucked into some money and started lookin

>The thing that sucks is, it was impossible to tell any of this was going on. A few months before the big collapse, I lucked into some money and started looking at arbitrage opportunities on bitcoin exchanges. Want to know what stopped me? The cost benefit vs. risk ratio. Here's an exchange with a really dodgy past, and the price is just shooting up, and people are shouting, and damn this seems too good to be true! (edit: I did some trial runs, and had gone through their painful verification process - the above decision came about when I was starting with the "big boy" sums of money) Funnily enough, I have the exact same thoughts about the crypto ecosystem right now. I think it's probably unwise to hold coins right now, and whether the scam unfolds this year or not, I'm experiencing that very same spidey-sense this seems to good to be true worry from the Mt. Gox days.

3pt14159 9y ago
Disclaimer: I bought into Bitcoin about 7 years ago. I'm mostly out now, but I hold a small amount of Sia, BTC, and Dash. Especially for ICOs and Eth more generally, but also for Bitcoin, Litecoin, Dash, etc. We use our financial system to combat international crime. Why on earth would governments allow unregulated blockchains and currency transfers to circumvent their controls?
- ameister14 9y ago
  They won't remain unregulated for long. It's similar to the late 19th century markets, except the regulatory environment already exists - the SEC will go after low hanging fruit for a while to build precedent and then take down a whale, then apply all existing securities regulations to all ICO's and their advisors. That'll cut out a lot of the scammers and introduce traditional investment banks because they are licensed. The licensing process requires sponsorship, so they'll be able to push out and keep out the early players and reap the benefits.

3pt14159 9y ago

Disclaimer: I bought into Bitcoin about 7 years ago. I'm mostly out now, but I hold a small amount of Sia, BTC, and Dash. Especially for ICOs and Eth more generally, but also for Bitcoin, Litecoin, Dash, etc. We use our financial system to combat international crime. Why on earth would governments allow unregulated blockchains and currency transfers to circumvent their controls?

ameister14 9y ago
They won't remain unregulated for long. It's similar to the late 19th century markets, except the regulatory environment already exists - the SEC will go after low hanging fruit for a while to build precedent and then take down a whale, then apply all existing securities regulations to all ICO's and their advisors. That'll cut out a lot of the scammers and introduce traditional investment banks because they are licensed. The licensing process requires sponsorship, so they'll be able to push out and keep out the early players and reap the benefits.