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There is speculative trading in stocks and bonds, but not as frequently. It is a choice that a trader can make, though and hasn't been regulated away. I have no
by UnpossibleJim 6y ago
There is speculative trading in stocks and bonds, but not as frequently. It is a choice that a trader can make, though and hasn't been regulated away. I have no problem with government regulation on Cryptocurrency for speculation if the same laws effect the trading of stacks and bonds.
The "green" issue of Crypto mining is a harder regulatory issue for our government to get involved in, though. While on the one hand, I applaud their pro action, on the other hand, the hypocrisy is on a scale almost never seen. A government which has simultaneously rolled back environmental regulation, wildlife areas and expanded oil pipelines, shale extractions, fracking and offshore drilling while continuing a war on "terrorism", which is an ideal, not an enemy. A forever war, if you will. This is a polluter much bigger than crypto miners, so you'll excuse me if I have to take the concern about the environmental impact concern from the Senate all that seriously...... sorry. Went off the track. Either way, there are larger polluters to tackle than Crypto that take less control away from people.
- paulryanrogers 6y agoStocks are usually shares of a company with assets. Assets that can be sold off to pay back shareholders when things go sideways.
- tanseydavid 6y agoUsually, "when things go sideways" there is nothing left to be sold off.
- paulryanrogers 6y agoI mean when the company's stock becomes worthless. Obviously if all stocks or the whole world crashes at the same time that's something else. Now if a blockchain's exchange value goes to zero then all that's left is a very expensive data chain.