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>Go figure out ways to remove custodial risk, so that we may not need as onerous financial regulations that stifle innovation. Demonstrating the value of, and
by Sangermaine 9y ago
>Go figure out ways to remove custodial risk, so that we may not need as onerous financial regulations that stifle innovation.
Demonstrating the value of, and rationale for, those "onerous financial regulations" has been the one actual good result of this blockchain nonsense. The endless tsunami of scams and fraud that has been the blockchain space has been useful in wiping away the original idiot libertarian impulses that drove the scene.
- jstanley 9y agoLibertarian idiot here: no, it hasn't.
- dpc_pw 9y agoBut, but ... "the children", "the poor". Someone has to protect us from all these blockchains, stealing our money!
- SamPatt 9y agoThe idiot libertarians are the only people actually using cryptocurrencies for anything other than speculation.
- darpa_escapee 9y agoNot everyone who buys drugs or launders money are libertarians.
- zkms 9y ago> Demonstrating the value of, and rationale for, those "onerous financial regulations" has been the one actual good result of this blockchain nonsense. It's also helped demonstrate that plenty of financial regulations have nothing to do with preventing scams and fraud and everything to do with deputising the financial system to act as a law-enforcement body that goes after violations of awful laws such as drug prohibition.