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> Even if 99% are scams, the successes make up for the failures If you think regulators will put up with any field that's 99% scams, you are deeply incorrect i

> Even if 99% are scams, the successes make up for the failures If you think regulators will put up with any field that's 99% scams, you are deeply incorrect in your understanding of anything about the world of actual money. I mean, seriously - you're going to go to the SEC and say "you should enable our fabulous investment field, it's only 99% crooks"? Not even Hester Peirce would give that one a pass. Everything you listed there is to squeeze yet more of the increasingly rare actualdollars from the most degenerate of crypto day traders. It's a "use case" insofar as it addresses problems created by using crypto in the first place.

seibelj 7y ago
The impression I get from you is someone who has made a niche career out of bashing this technology, but it will continue on regardless. Blockchain is unstoppable by the SEC or any other government regulator because it is decentralized. The blockchain / cryptocurrency industry is building a parallel financial system - one that requires no government intervention for capital allocation, money transfer, ownership, debt, and so on. Every year it gets more powerful and easier to use. You don't have to use this parallel financial system, but as the use-cases expand some people choose to use it. I'm very happy that neither regulators nor your whiny posts are capable of shutting down Bitcoin. It is an exciting experiment!