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The cryptocurrency boom has been people painfully re-learning why we have these regulations in the first place.

• mmilgauss 7y ago
  >"We don't need no government regulators!" Gets frauded >"Where were theeeyyyy to save us?!"
  • arcticbull 7y ago
    Literally though. > Regulations are bad! gets defrauded > HELP POLICE! SEC! FTC! DOJ! How was this permitted in the first place?! Where was the government when we needed them! Privatized gains, socialized losses.
    • mmilgauss 7y ago
      Turns out the government does actually protect people in first-world countries in ways we simply take for granted... Huh who woulda thought!
    • javert 7y ago
      You can make this joke, and there are hypocrites of this particular type, but that isn't actually an argument for more regulation.
• arcticbull 7y ago
  Indeed, speedrunning the history of finance from prehistoric times to present.