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I disagree with the idea that traditional legal financial services commit less fraud than cryptocurrency scams do. They just get away with it easier. > Normall
by anaphor 6y ago
I disagree with the idea that traditional legal financial services commit less fraud than cryptocurrency scams do. They just get away with it easier.
> Normally these frauds are recognized for what they are quite quickly and the courts and regulatory bodies can clean up the mess and rectify the damages to those who have been misled
That just comes off as total BS to me. How many regular people were awarded damages after the 2008 meltdown, which was due to massive fraud in the mortgage industry?
- still_grokking 6y ago> regulatory bodies can clean up the mess and rectify the damages to those who have been misled That seems true. The system relevant banks got their bailout. Regular people OTOHS are not system relevant. So everything's fine. /s