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To prevent scammers from scamming and imbibe confidence about a currency (or any store of value) in the general populations, you need regulations, security prac
by RestlessMind 9y ago
To prevent scammers from scamming and imbibe confidence about a currency (or any store of value) in the general populations, you need regulations, security practices and insurance. All those cost money and transaction fees is one source to pay that cost.
- wslh 9y agoThe central dilemma is how far the regulations go to prevent innovation. Just look at the accredited investor thing in US, it is unbelievable while you can go to Las Vegas and lose everything.