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BitConnect is definitely a ponzi, but I think this sets the wrong precedent. Exchanges should have voluntarily delisted BCC (many already have, but it still tra
by brndnmtthws 9y ago
BitConnect is definitely a ponzi, but I think this sets the wrong precedent. Exchanges should have voluntarily delisted BCC (many already have, but it still trades on some markets and is listed on coinmarketcap) rather than being forced by threats from the government. This gives regulators credence as our protectors and suggests they will try these strongarm tactics again in the future.
- ceejayoz 9y agoThe regulators exist because the entire history of our financial and legal system demonstrates that companies frequently don't "voluntarily" do the right thing when there's money to be made.
- Xylakant 9y agoReference: Why mattresses come with warning tags http://nowiknow.com/why-mattresses-come-with-warning-tags/ http://nowiknow.com/why-mattresses-come-with-warning-tags/
- a_t48 9y agoIf all parties involved did the right thing, we wouldn't need regulators, would we?
- brokensegue 9y agobitcoin: a tool for teaching libertarians the reasons we created regulations at high speed
- brndnmtthws 9y agoBitcoin is a tool for liberating people from the ruling elites and the oppression of crony capitalism.
- cyberlogika 9y agoThe road to hell is paved with good intentions.
- and0 9y agoHow?
- cglace 9y agoWow, I would love to hear how cryptocurrencies stop crony capitalism. Please explain.
- josu 9y agoNone of the legit exchanges listed BCC.