3 ms·
> lack of competition in the regulated US crypto space That's what I thought as well. People complain about monopolies but these over regulated spaces make it
by I_am_tiberius 6y ago
> lack of competition in the regulated US crypto space
That's what I thought as well. People complain about monopolies but these over regulated spaces make it so difficult for startups to get going. It shouldn't be necessary for a non tangible asset company to need an angel investor that pays for tons of bureaucracy and license acquisition.
- Guthur 6y agoI feel we collectively misinterpret what the problem with single trader situations are. There being a monopoly is not the problem, the problems are always anti trust behaviour i.e. not co-operating with the market for improvement, closing of competition by some behaviour that is not beneficial to the market. Highly regulated markets tend to do this due the difficulty in disrupting such a market, you need to play by the existing rules and that leaves little room for manoeuvre against the incumbents, the incumbents are free from anti trust because the rules are set by the authorities, often at the behest of the incumbents of course.