2 ms·
A lot of the regulations that "hamper" U.S.-based fiscal markets provide basic protection against financial mismanagement and corruption. The writer's suppositi
by fernly 7y ago
A lot of the regulations that "hamper" U.S.-based fiscal markets provide basic protection against financial mismanagement and corruption. The writer's supposition that relatively unhampered Asian crypto-currency markets would be trusted is highly optimistic. They are more likely to turn out to be prone to in-house theft or corrupt insider-dealing, or to external hacking (the 750K BTC lost from Mt Gox are still missing[1]), or to government control and manipulation.
[1] https://en.wikipedia.org/wiki/Mt._Gox#Bankruptcy;_stolen_bitcoin_(2014%E2%80%93ongoing) https://en.wikipedia.org/wiki/Mt._Gox#Bankruptcy;_stolen_bit...