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> Despite how it sounds, I'm not in favor of regulation. I'm all for people learning lessons the hard way. If your neighbors pile their trash up on their lawn
by tveita 5y ago
> Despite how it sounds, I'm not in favor of regulation. I'm all for people learning lessons the hard way.
If your neighbors pile their trash up on their lawn they might learn a lesson about rats the hard way, but the rats aren't going to stay put on their property.
While people are "learning their lesson" the number of scams are growing, the scams grow more sophisticated, the money the scammers earn gets funneled into other kinds of crime.
I feel like there's a common but naive sentiment that you can take a "social Darwinism" approach to petty crime without the small fry growing until their activities start impacting you and your loved ones.
Scamming is an ecosystem like any other and it will grow healthier and more robust if you let it flourish.
- errantmind 5y agoUnfair comparison. In your example the neighbor is forcing rats onto my property through their poor decisions. That is not the case with them making risky financial investments, and these scams are not some slippery slope that infect all of society. People are generally resilient against most scams after they encounter them once or twice. You could use your argument to justify government regulation for almost any decision that has consequences. This isn't 'social Darwinism', nor is it 'tough love'. It is about being able to make your own financial decisions without coercion and without obstruction If people choose to enter into poor 'investments' in a hope to get-rich-quick, that is their decision and they can live with the consequences
- Aditya_Garg 5y agoLetting crypto scams flourish hurts the ability for crypto to be taken seriously by a lot of people.