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>and then find organic solutions. I don't understand this perspective. You have a proven, verifiable, simple solution right in front of you. Then you ignore it

>and then find organic solutions. I don't understand this perspective. You have a proven, verifiable, simple solution right in front of you. Then you ignore it with some skimpy platitude to dive right into economic mythology. Regulation is the correct solution.

stinkytaco 9y ago
> Regulation is the correct solution. I once read (here, perhaps) that Bitcoin is a long demonstration in how regulation comes to exist. I think many in the Bitcoin community conflate "regulation" with "monetary policy". They assume if bitcoin is treated like money, with laws that protect people from fraud, that must somehow lead to restrictive monetary policy, which the community tends to abhor.
- theptip 9y ago
  > Bitcoin is a long demonstration in how regulation comes to exist. Or perhaps a short demonstration, given that BTC appears to be recapitulating the entire history of currency in a few years?
- saosebastiao 9y ago
  Exactly. It boggles my mind that people can't grasp the difference between the two. I hate the fed and the department of the treasury, and think QE is a horrible policy just like our permanent deficit. But I happily welcome the SEC and FINRA getting involved in cryptocurrency.
conanbatt 9y ago
I disagree. If the state wants to offer some certification of regulation and an exchange is willing to go through that process to capture consumers, let them be. Thats not bitfinex nor tether. Let people choose. If the SEC had its way, bitfinex would have not existed and millions of people wouldn't have been served.
- Daishiman 9y ago
  History has shown that in certain matter people will, over and over again, commit systemically wrong choices. So no, in some things we're all in this ship together and as long as that's the case I want people to not collectively fuck things up.
  - conanbatt 9y ago
    Thats what you want. Why do you feel entitled to make other people do what you want?
    - simias 9y ago
      Why do you think seat belts are mandatory? Apply the same reasoning to your question.
      - conanbatt 9y ago
        For the wrong reasons. I dont think they should be mandatory at all. Apply the same reasoning: check. But this case is even worse. Its the sec regulating a foreign exchange that has foreign investors. You think the SEC can go and try to do that on alibaba?
    - kadenshep 9y ago
      The only thing that makes him entitled is learning from history and being able to reason about pretty elementary models in his head. Why do people with your types of opinion always make it wholly personal, just to try to weasel their way around a subject? Like, here's another comment you made: >I like to compare Bitcoin to Land. Just stop. There is so much fundamentally wrong with that analogy at face value it beggars belief that you are being sincere.
      - conanbatt 9y ago
        > The only thing that makes him entitled is learning from history and being able to reason about pretty elementary models in his head. That is his opinion, and even if it were factually true it doesnt give him the entitlement to prevent other people from doing it. If he believes the SEC provides value he can go to SEC regulated places, and let the ones that don't just be. Today, the SEC regulates the startups right here, depressing wages of workers, reducing founder's returns, increasing investor returns and reducing overall market size. That is an economical fact. The steam of that oppression is coming out in crypto, where millions of people worldwide have a chance to 'invest' or speculate in something they are otherwise barred from doing. Barred by institutions like the SEC. Crypto in spirit and technology is a way to get around those involuntary and foreign restrictions. > Just stop. There is so much fundamentally wrong with that analogy at face value it beggars belief that you are being sincere. I've made my case about it. You don't have to agree with it, and I dont have to agree with you. Do you want to call someone else into this to make sure neither you nor I say the wrong thing at punishment of fines and jail?

stinkytaco 9y ago

> Regulation is the correct solution. I once read (here, perhaps) that Bitcoin is a long demonstration in how regulation comes to exist. I think many in the Bitcoin community conflate "regulation" with "monetary policy". They assume if bitcoin is treated like money, with laws that protect people from fraud, that must somehow lead to restrictive monetary policy, which the community tends to abhor.

theptip 9y ago
> Bitcoin is a long demonstration in how regulation comes to exist. Or perhaps a short demonstration, given that BTC appears to be recapitulating the entire history of currency in a few years?
saosebastiao 9y ago
Exactly. It boggles my mind that people can't grasp the difference between the two. I hate the fed and the department of the treasury, and think QE is a horrible policy just like our permanent deficit. But I happily welcome the SEC and FINRA getting involved in cryptocurrency.

conanbatt 9y ago

I disagree. If the state wants to offer some certification of regulation and an exchange is willing to go through that process to capture consumers, let them be. Thats not bitfinex nor tether. Let people choose. If the SEC had its way, bitfinex would have not existed and millions of people wouldn't have been served.

Daishiman 9y ago
History has shown that in certain matter people will, over and over again, commit systemically wrong choices. So no, in some things we're all in this ship together and as long as that's the case I want people to not collectively fuck things up.
- conanbatt 9y ago
  Thats what you want. Why do you feel entitled to make other people do what you want?
  - simias 9y ago
    Why do you think seat belts are mandatory? Apply the same reasoning to your question.
    - conanbatt 9y ago
      For the wrong reasons. I dont think they should be mandatory at all. Apply the same reasoning: check. But this case is even worse. Its the sec regulating a foreign exchange that has foreign investors. You think the SEC can go and try to do that on alibaba?
  - kadenshep 9y ago
    The only thing that makes him entitled is learning from history and being able to reason about pretty elementary models in his head. Why do people with your types of opinion always make it wholly personal, just to try to weasel their way around a subject? Like, here's another comment you made: >I like to compare Bitcoin to Land. Just stop. There is so much fundamentally wrong with that analogy at face value it beggars belief that you are being sincere.
    - conanbatt 9y ago
      > The only thing that makes him entitled is learning from history and being able to reason about pretty elementary models in his head. That is his opinion, and even if it were factually true it doesnt give him the entitlement to prevent other people from doing it. If he believes the SEC provides value he can go to SEC regulated places, and let the ones that don't just be. Today, the SEC regulates the startups right here, depressing wages of workers, reducing founder's returns, increasing investor returns and reducing overall market size. That is an economical fact. The steam of that oppression is coming out in crypto, where millions of people worldwide have a chance to 'invest' or speculate in something they are otherwise barred from doing. Barred by institutions like the SEC. Crypto in spirit and technology is a way to get around those involuntary and foreign restrictions. > Just stop. There is so much fundamentally wrong with that analogy at face value it beggars belief that you are being sincere. I've made my case about it. You don't have to agree with it, and I dont have to agree with you. Do you want to call someone else into this to make sure neither you nor I say the wrong thing at punishment of fines and jail?