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Try steelmanning it. Their argument is that crypto is as worthless as an investment with Bernie Madoff. Therefore, the Netherlands should exit early so its citi
by graeme 5y ago
Try steelmanning it. Their argument is that crypto is as worthless as an investment with Bernie Madoff. Therefore, the Netherlands should exit early so its citizens aren’t left holding the bag.
That’s their claim to argue against.
- rho4 5y agoSteelmanning. Nice, learned something. I like it.
- X6S1x6Okd1st 5y agoIt's basically if you've ever read about MMM[1] and thought: Why didn't the government do anything? That's the kind of thought process they are likely in. Of course in my opinion Madoff & MMM are fundamentally different than cryptocurrencies[2] because there isn't someone at the top who can hide what is happening or issue new coins. Arguably what is happening with Tether might be similar, but that's a very specific thing that you try to target with government intervention instead of blanket banning. [1]: https://en.wikipedia.org/wiki/MMM_(Ponzi_scheme_company) https://en.wikipedia.org/wiki/MMM_(Ponzi_scheme_company) [2]: to be clear there are ponzi/madoff schemes in crypto, plenty actually, but if you weight by retail exposure to them they are not that common