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I didn't say it eliminates the need for third-party auditing, which it doesn't, only that it reduces the cost.
by Alex3917 9y ago
I didn't say it eliminates the need for third-party auditing, which it doesn't, only that it reduces the cost.
- KasianFranks 9y agoIt not only reduces the cost, it keeps people honest, which is what humans like Jamie Dimon and some investors do not like.
- JumpCrisscross 9y ago> which is what humans like Jamie Dimon and some investors do not like There are plenty of people on this thread (myself included) who believe regulators are overdue in cracking down on this space. No need to invoke a bogeyman.
- KasianFranks 9y agoThey should have cracked down on banks (too big to fail, if you remember) before ICOs and crypto. Lesson learned.