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Really disappointed at HN's recent stance on both crypto and GME. Far too many calls for regulation and control. This is not the free market proponents platfor
by puranjay 6y ago
Really disappointed at HN's recent stance on both crypto and GME. Far too many calls for regulation and control.
This is not the free market proponents platform I used to know.
- Xenograph 6y agoNow it's mostly folks worried about their 401k.
- estaseuropano 6y agoHN is about hacker news, there are various viewpoints. Not everyone has to believe in the long-disproven invisible hand. I think crypto is a dangerous destabilising factor. If not reigned in, it will come crashing down on all of us when it begins to destroy the public finances of (first) smaller countries and enables he usual suspects to evade all taxes, store value in non-localisable assets, etc.
- heidar 6y agoI’m not sure I follow. People/governments can use crypto and continue paying taxes, I don’t see the connection here.
- javagram 6y agoOne of the main features of crypto is that it enables tax evasion. No need to worry about carrying suitcases of cash, gold or jewels onto an airliner anymore and getting caught when you want to move money across a border without a recorded transaction. Supposedly that’s one reason it’s big in China since miners can generate coins to move wealth outside of the country more easily than moving their Chinese fiat.
- puranjay 6y agoCrypto is breaking the financial establishment and ruining Wall Street's never ending party. DeFi is bringing the same synthetic assets that Wall Street creates out of thin air to everyone. If you're not bullish on crypto, you haven't studied it closely enough.
- marshmallow_12 6y agothings change.
- DaniloDias 6y agoYounger people who feel less agency have become the dominant demographic at HN.