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> The markets say otherwise, for 9 years now <8 years ago, Bitcoin's market cap was less than $170,000. > Do you ever hear regulators talk about regulating po
by Ologn 8y ago
> The markets say otherwise, for 9 years now
<8 years ago, Bitcoin's market cap was less than $170,000.
> Do you ever hear regulators talk about regulating ponzies (in the positive form)?
Like how the sub-prime real estate market was regulated, or how the dot-bomb stocks were regulated, or how the 1980s S&Ls were regulated...
> what they think they know about economics from 30 years ago
How about from 380 years ago, tulips in Holland?
The one difference between subprime real estate, dot bomb stock etc. is cryptocoins are not just overinflated, but are actually completely worthless. Even Ponzi's postal reply coupons had some value.