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I'm missing what the misconception is in this quote? I don't see him saying they are regulated / guarenteed or anything like that, only that people have poured

• ricardobeat 9y ago
  He implies that being “live” with “real money” and a billion dollar market cap means something. It doesn’t. He says: “You do not release financial software to the general public in such a buggy state. You do not blame the victims for your software failing to function.” When in fact, you do _whatever the hell you want_. This is not “financial software” in the original sense. The fact that people put significant amounts of cash in these altcoins is astounding. You only have [some] guarantees where the system itself enforces them, like BitCoin, and even then no one entity is liable for your losses because of de-centralization. I own bits of four cryptocurrencies, and take the risk of 100% loss as a real possibility.
  • nebulous1 9y ago
    There's still no misconception, and you can't redefine "financial software" on the fly. He didn't state anything about there being a regulation against it, he's just implying an ethical "can't release in a buggy state". I'm not sure why you're arguing with him though, you seem to be in agreement!