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All of the bullets in your comment explain why Ripple is bad, and you’ve somehow twisted that logic into justifying that it’s good with your last sentence. It’s
by zenexer 6y ago
All of the bullets in your comment explain why Ripple is bad, and you’ve somehow twisted that logic into justifying that it’s good with your last sentence. It’s elitist at best, outright evil at worst. I’m not really sure what goal it serves.
If your point is that we should just “take all the warning labels off of everything and let the situation resolve itself,” no thanks. I don’t have the time to research the exact origin of everything I put in my mouth. I have to trust that when I buy food, someone out there has at least made an attempt to minimize the chances that it contains loads of mercury.
Are you running extensive tests on everything you eat and drink? The air you breathe? Sure, companies might not want to ruin their reputation by selling such goods, but, then again, we have Ripple. So which is it?
Or maybe I just need to be more selective about which companies I choose, right? Despite seeing exit scam after exit scam, incompetent blunder after blunder, that will surely protect me better than the SEC et al doing their damn jobs.
No. I want oversight. Sure, that doesn’t mean I can let my guard down; I still have to be selective. But at least there’s a pretty low chance that the brand-name toothpaste I use tonight—or the <insert snake oil here> I use instead—is slowly killing me.
- Isamu 6y agoPretty sure the last sentence was a joke. I know with cryptocurrency it is pretty hard to tell.
- zenexer 6y agoBased on OP’s comments in a duplicate thread, I strongly doubt that.
- loopz 6y agoIt for sure wasn't irony. We're basically all pretty evil dudes.
- pas 6y agoOP might be falling into a wishful thinking fallacy, and assumes that with time there will be "progress", and somehow - even if it takes many false starts, and we have to go through fire and flames - but we'll end up with a better/great/fair world with a stronger/better/fair cryptocurrency ecosystem. Also it seems OP considers SEC part of the ecosystem that helps weeding out the scammers.
- shawnz 6y agoI think you are misunderstanding their point: The SEC did do their jobs and they shut down this investment scam, which they would not have been able to do in the case of Bitcoin because it's not controlled by a single American business like Ripple.