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I guess it comes down to the question of do you think China is more concerned about its people losing money, or China losing its people's money (that the state
by prklmn 9y ago
I guess it comes down to the question of do you think China is more concerned about its people losing money, or China losing its people's money (that the state views as its own). I don't think you'd find too many Chinese people that would argue for the former, although it's a nice facade.
- JumpCrisscross 9y agoMass fraud amongst people who can't afford it is a concern to any political entity. If millions of Chinese lose their savings to fraudulent ICOs, just like when million of Americans lost their savings to fraudulent mortgage-related products or S&L products of pre-Securities Act hucksters (to whom we've come full circle with ICOs), that becomes the elite's problem.
- deleted 9y ago[deleted]