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I don't think anyone disputes the fact that whales control markets. I don't think we can have it any other way... free markets will never be fair / equal for al
by jesusthatsgreat 9y ago
I don't think anyone disputes the fact that whales control markets. I don't think we can have it any other way... free markets will never be fair / equal for all unless you have a communist system in play.
What crypto does to finance is eliminate more middle men than ever before and bring more transparency than ever before. The majority of people would consider that a good thing.
It doesn't mean the poor get wealthier or the rich get poorer, it just means things are more transparent, which creates a more level playing field.
Billions of dollars can't just go 'missing' like it can in the traditional fiat system for a variety of reasons - mainly because we're relying on humans to (a) be honest and (b) remember to manually file paperwork.
Crypto brings its own set of problems but like any form of technology, it will evolve over time so long as there are advantages to using it. And so long as it evolves, there'll always be new opportunities along with new casualties.
- CPLX 9y ago> more transparency than ever before So we have more transparency with these completely opaque ICO situations where the company name and country of operation isn't even clear? Versus the highly regulated filing requirements and GAAP independent audit requirements of a public company? Huh?